DAMPSKIBSSELSKABET NORDEN A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About DAMPSKIBSSELSKABET NORDEN A/S
DAMPSKIBSSELSKABET NORDEN A/S (CVR number: 67758919K) is a company from GENTOFTE. The company reported a net sales of 4040.1 mUSD in 2024, demonstrating a growth of 9.4 % compared to the previous year. The operating profit percentage was at 5 % (EBIT: 202.1 mUSD), while net earnings were 162.7 mUSD. The profitability of the company measured by Return on Assets (ROA) was 9.6 %, which can be considered good and Return on Equity (ROE) was 13 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 57.5 %, 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. DAMPSKIBSSELSKABET NORDEN A/S's liquidity measured by quick ratio was 1.2 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsNet sales (mUSD)
EBIT (mUSD)
Profitability
Solidity
Key figures (mUSD)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 2 597.80 | 3 551.80 | 5 312.40 | 3 691.90 | 4 040.10 |
Gross profit | 2 606.50 | 3 558.50 | 5 340.10 | 3 709.50 | 4 056.60 |
EBIT | 119.40 | 245.50 | 791.60 | 421.60 | 202.10 |
Net earnings | 86.00 | 204.50 | 743.50 | 400.10 | 162.70 |
Shareholders equity total | 902.50 | 993.30 | 1 330.70 | 1 197.90 | 1 297.10 |
Balance sheet total (assets) | 1 824.80 | 2 453.50 | 2 755.40 | 2 343.90 | 2 254.80 |
Net debt | - 294.00 | - 258.20 | - 747.60 | - 445.20 | - 157.40 |
Profitability | |||||
EBIT-% | 4.6 % | 6.9 % | 14.9 % | 11.4 % | 5.0 % |
ROA | 6.9 % | 11.5 % | 30.9 % | 18.2 % | 9.6 % |
ROE | 9.8 % | 21.6 % | 64.0 % | 31.6 % | 13.0 % |
ROI | 8.0 % | 13.5 % | 38.0 % | 23.7 % | 12.2 % |
Economic value added (EVA) | 65.68 | 210.37 | 752.42 | 389.85 | 150.56 |
Solvency | |||||
Equity ratio | 49.5 % | 40.5 % | 48.3 % | 51.1 % | 57.5 % |
Gearing | 4.2 % | 15.4 % | 7.1 % | 9.3 % | 8.4 % |
Relative net indebtedness % | 22.7 % | 29.5 % | 11.0 % | 15.9 % | 17.1 % |
Liquidity | |||||
Quick ratio | 1.4 | 1.1 | 1.6 | 1.2 | 1.2 |
Current ratio | 1.5 | 1.2 | 1.7 | 1.3 | 1.4 |
Cash and cash equivalents | 331.60 | 410.70 | 842.30 | 557.20 | 266.60 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 20.3 | 26.3 | 22.6 | 17.6 | 18.9 |
Net working capital % | 8.7 % | 4.9 % | 12.5 % | 8.2 % | 5.9 % |
Credit risk | |||||
Credit rating | AA | AA | A | AA | AA |
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