Alba Shipping & Trading A/S
Credit rating
Company information
About Alba Shipping & Trading A/S
Alba Shipping & Trading A/S (CVR number: 36945672K) is a company from AALBORG. The company reported a net sales of 69.6 mUSD in 2023, demonstrating a growth of 13.2 % compared to the previous year. The operating profit percentage was at 30.4 % (EBIT: 21.1 mUSD), while net earnings were 18.2 mUSD. The profitability of the company measured by Return on Assets (ROA) was 26.2 %, which can be considered excellent and Return on Equity (ROE) was 51.5 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 46.3 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. Alba Shipping & Trading A/S's liquidity measured by quick ratio was 0.8 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsNet sales (mUSD)
EBIT (mUSD)
Profitability
Solidity
Key figures (mUSD)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 26.26 | 29.78 | 43.22 | 61.46 | 69.56 |
Gross profit | 14.79 | 17.93 | 23.19 | 34.26 | 42.65 |
EBIT | 3.47 | 4.71 | 4.00 | 15.01 | 21.11 |
Net earnings | 2.42 | 3.31 | 2.50 | 13.16 | 18.21 |
Shareholders equity total | 17.42 | 21.78 | 23.67 | 36.19 | 44.67 |
Balance sheet total (assets) | 38.87 | 49.55 | 57.44 | 69.70 | 96.49 |
Net debt | 13.96 | 30.56 | |||
Profitability | |||||
EBIT-% | 13.2 % | 15.8 % | 9.3 % | 24.4 % | 30.4 % |
ROA | 9.8 % | 10.7 % | 7.5 % | 24.3 % | 26.2 % |
ROE | 14.4 % | 16.9 % | 11.0 % | 48.1 % | 51.5 % |
ROI | 9.8 % | 10.7 % | 7.5 % | 26.2 % | 30.2 % |
Economic value added (EVA) | 2.65 | 3.84 | 2.91 | 13.17 | 18.40 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 51.9 % | 46.3 % |
Gearing | 67.6 % | 85.8 % | |||
Relative net indebtedness % | 37.3 % | 63.2 % | |||
Liquidity | |||||
Quick ratio | 1.1 | 0.8 | |||
Current ratio | 1.1 | 0.8 | |||
Cash and cash equivalents | 10.50 | 7.76 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 31.1 | 39.7 | |||
Net working capital % | 3.0 % | -6.2 % | |||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | A | A |
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