SEAWELL HOLDING A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About SEAWELL HOLDING A/S
SEAWELL HOLDING A/S (CVR number: 25113934K) is a company from THISTED. The company reported a net sales of 727.6 mDKK in 2023, demonstrating a decline of -10.4 % compared to the previous year. The operating profit percentage was at 1.6 % (EBIT: 11.3 mDKK), while net earnings were 10.4 mDKK. The profitability of the company measured by Return on Assets (ROA) was 6.4 %, which can be considered decent and Return on Equity (ROE) was 6.4 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 65.3 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. SEAWELL HOLDING A/S's liquidity measured by quick ratio was 3.4 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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 476.48 | 508.08 | 758.78 | 811.84 | 727.57 |
Gross profit | 47.83 | 55.88 | 70.88 | 76.36 | 58.08 |
EBIT | 16.48 | 21.13 | 28.50 | 31.93 | 11.33 |
Net earnings | 10.97 | 17.43 | 21.48 | 24.16 | 10.37 |
Shareholders equity total | 128.19 | 145.12 | 165.26 | 188.30 | 165.26 |
Balance sheet total (assets) | 182.78 | 210.54 | 225.82 | 261.40 | 225.82 |
Net debt | -45.17 | -56.79 | -79.81 | -89.26 | -99.92 |
Profitability | |||||
EBIT-% | 3.5 % | 4.2 % | 3.8 % | 3.9 % | 1.6 % |
ROA | 9.2 % | 11.7 % | 13.1 % | 14.3 % | 6.4 % |
ROE | 9.6 % | 14.0 % | 15.1 % | 14.8 % | 6.4 % |
ROI | 13.1 % | 16.7 % | 18.3 % | 17.7 % | 7.5 % |
Economic value added (EVA) | 8.11 | 12.30 | 17.87 | 20.63 | 3.89 |
Solvency | |||||
Equity ratio | 70.1 % | 68.9 % | 73.2 % | 72.0 % | 65.3 % |
Gearing | 0.4 % | 0.0 % | 0.0 % | ||
Relative net indebtedness % | 1.9 % | 1.6 % | -2.5 % | -2.0 % | -6.2 % |
Liquidity | |||||
Quick ratio | 2.0 | 2.1 | 2.9 | 2.7 | 3.4 |
Current ratio | 3.0 | 2.9 | 3.3 | 3.3 | 4.2 |
Cash and cash equivalents | 45.17 | 57.34 | 79.81 | 89.26 | 99.92 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 41.7 | 54.4 | 42.4 | 42.2 | 39.9 |
Net working capital % | 21.9 % | 24.4 % | 18.6 % | 20.6 % | 24.0 % |
Credit risk | |||||
Credit rating | AA | AA | A | AA | BBB |
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