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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 3125.7 mUSD in 2025, demonstrating a decline of -22.6 % compared to the previous year. The operating profit percentage was at 5.1 % (EBIT: 158.4 mUSD), while net earnings were 120.3 mUSD. The profitability of the company measured by Return on Assets (ROA) was 7.6 %, which can be considered decent but Return on Equity (ROE) was 9.3 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 53.9 %, 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 1.4 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 financials2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | 3 551.80 | 5 312.40 | 3 691.90 | 4 040.10 | 3 125.70 |
| Gross profit | 3 558.50 | 5 340.10 | 3 709.50 | 4 056.60 | 3 143.80 |
| EBIT | 245.50 | 791.60 | 421.60 | 202.10 | 158.40 |
| Net earnings | 204.50 | 743.50 | 400.10 | 162.70 | 120.30 |
| Shareholders equity total | 993.30 | 1 330.70 | 1 197.90 | 1 297.10 | 1 277.70 |
| Balance sheet total (assets) | 2 453.50 | 2 755.40 | 2 343.90 | 2 254.80 | 2 371.60 |
| Net debt | - 258.20 | - 747.60 | - 445.20 | - 159.70 | - 126.90 |
| Profitability | |||||
| EBIT-% | 6.9 % | 14.9 % | 11.4 % | 5.0 % | 5.1 % |
| ROA | 11.5 % | 30.9 % | 18.2 % | 9.6 % | 7.6 % |
| ROE | 21.6 % | 64.0 % | 31.6 % | 13.0 % | 9.3 % |
| ROI | 13.5 % | 38.0 % | 23.7 % | 12.3 % | 9.1 % |
| Economic value added (EVA) | 173.18 | 694.17 | 312.43 | 101.29 | 44.73 |
| Solvency | |||||
| Equity ratio | 40.5 % | 48.3 % | 51.1 % | 57.5 % | 53.9 % |
| Gearing | 15.4 % | 7.1 % | 9.3 % | 8.2 % | 20.0 % |
| Relative net indebtedness % | 29.5 % | 11.0 % | 15.9 % | 17.1 % | 22.8 % |
| Liquidity | |||||
| Quick ratio | 1.1 | 1.6 | 1.2 | 1.2 | 1.4 |
| Current ratio | 1.2 | 1.7 | 1.3 | 1.4 | 1.6 |
| Cash and cash equivalents | 410.70 | 842.30 | 557.20 | 266.60 | 382.10 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | 26.3 | 22.6 | 17.6 | 18.9 | 20.4 |
| Net working capital % | 4.9 % | 12.5 % | 8.2 % | 5.9 % | 10.3 % |
| Credit risk | |||||
| Credit rating | AA | AA | A | AA | AA |
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