XML 74 R34.htm IDEA: XBRL DOCUMENT v3.25.0.1

Debt (Tables)

12 Months Ended

Dec. 31, 2024

Debt

Schedule outstanding principal balances on each loan facility

​

​	​	​	​	​
​		As of December 31
In thousands of U.S. Dollars		2024		2023
Nordea/SEB Revolving Facility	​	37,500	​	—
ABN/CACIB Joint Bank Facility	​	—	​	45,872
ABN/CACIB Revolving Facility	​	—	​	—
ABN AMRO Revolving Facility	​	1,296		932
Total debt	​	38,796		46,804
Deferred finance fees	​	—		(778)
Net total debt	​	38,796		46,026
Current portion of long-term debt	​	—		6,713
Current portion of deferred finance fees	​	—		(277)
Total current portion of long-term debt	​	—		6,436
Non-current portion of long-term debt	​	38,796		39,590

Schedule of future minimum repayments under the loan facilities

​

​	​	​
​		As of
​		December 31
In thousands of U.S. Dollars	​	2024
2025		—
2026		1,296
2027	​	37,500
2028		—
​		38,796

Schedule of effective interest rate associated with the interest expense for the Company's debt

​

​	​	​	​	​	​	​
​		For the years ended December 31
​		2024		2023		2022
Effective interest rate, excluding commitment fees	​	7.54%	​	7.83%	​	4.38%
Range of interest rates (SOFR)	​	4.69 % to 5.37%	​	4.50 % to 5.36%	​	0.10 % to 4.50%

Schedule of weighted average effective interest rate on the Company's debt obligations.

​

​	​	​	​	​	​	​
​	​	For the years ended December 31
​	​	2024		2023		2022
Effective interest rate, excluding commitment fees	​	7.54%	​	5.80%	​	1.61%

​

X

- Definition

Tabular disclosure of effective interest rate associated with the interest expense for the Company's debt facilities

+ References

No definition available.

+ Details

Name:	asc_ScheduleOfEffectiveInterestRateAssociatedWithInterestExpenseForCompanysDebtTableTextBlock
Namespace Prefix:	asc_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of weighted average effective interest rate on the Company's debt obligations

+ References

No definition available.

+ Details

Name:	asc_ScheduleOfWeightedAverageEffectiveInterestRateOnCompanysDebtObligationsTableTextBlock
Namespace Prefix:	asc_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_DebtDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22))
-SubTopic 10
-Topic 210
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69B

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69E

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482925/835-30-45-2

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-3

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477734/942-470-50-3

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-8

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-6

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-7

+ Details

Name:	us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of maturity and sinking fund requirement for long-term debt.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 470
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-1

+ Details

Name:	us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration