BLUE WATER MIDDLE EAST A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About BLUE WATER MIDDLE EAST A/S
BLUE WATER MIDDLE EAST A/S (CVR number: 10281806) is a company from ESBJERG. The company recorded a gross profit of -126 kDKK in 2023. The operating profit was -126 kDKK, while net earnings were 65.8 mDKK. The profitability of the company measured by Return on Assets (ROA) was 40.4 %, which can be considered excellent and Return on Equity (ROE) was 48.8 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 84.4 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. BLUE WATER MIDDLE EAST A/S's liquidity measured by quick ratio was 58.7 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 377.00 | - 672.00 | -83.00 | -68.00 | - 126.00 |
EBIT | - 287.00 | - 672.00 | -83.00 | -68.00 | - 126.00 |
Net earnings | 30 293.00 | 12 848.00 | 48 551.00 | 47 889.00 | 65 850.00 |
Shareholders equity total | 39 065.00 | 49 025.00 | 80 911.00 | 103 218.00 | 166 745.00 |
Balance sheet total (assets) | 61 183.00 | 70 058.00 | 105 741.00 | 132 699.00 | 197 643.00 |
Net debt | 1 073.00 | -1.00 | |||
Profitability | |||||
EBIT-% | |||||
ROA | 59.4 % | 19.9 % | 55.3 % | 40.8 % | 40.4 % |
ROE | 126.7 % | 29.2 % | 74.7 % | 52.0 % | 48.8 % |
ROI | 60.4 % | 20.0 % | 55.3 % | 40.9 % | 40.5 % |
Economic value added (EVA) | 1 801.44 | 1 327.10 | 1 361.99 | 2 410.22 | 5 079.55 |
Solvency | |||||
Equity ratio | 63.8 % | 70.0 % | 76.5 % | 77.8 % | 84.4 % |
Gearing | 2.9 % | 0.1 % | |||
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 4.8 | 273.8 | 149.2 | 32.5 | 58.7 |
Current ratio | 4.8 | 273.8 | 149.2 | 32.5 | 58.7 |
Cash and cash equivalents | 78.00 | 98.00 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | A | BBB | BBB | A |
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