FALCON SHIPPING A/S
Credit rating
Company information
About FALCON SHIPPING A/S
FALCON SHIPPING A/S (CVR number: 26443547) is a company from SØNDERBORG. The company recorded a gross profit of -29.8 kDKK in 2023. The operating profit was -142.8 kDKK, while net earnings were -4758.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was -9 %, which can be considered poor and Return on Equity (ROE) was -22.1 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 39.8 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. FALCON SHIPPING A/S's liquidity measured by quick ratio was 0.7 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | -26.35 | -25.57 | -23.63 | -27.40 | -29.75 |
EBIT | - 139.35 | - 138.57 | - 136.63 | - 140.40 | - 142.75 |
Net earnings | - 967.43 | - 400.72 | 478.46 | -3 706.64 | -4 758.91 |
Shareholders equity total | 27 528.82 | 27 128.10 | 27 606.56 | 23 899.92 | 19 141.01 |
Balance sheet total (assets) | 60 379.84 | 58 054.59 | 55 636.99 | 52 470.79 | 48 115.64 |
Net debt | 16 848.38 | 17 824.25 | 18 879.79 | 25 844.85 | 26 174.69 |
Profitability | |||||
EBIT-% | |||||
ROA | 0.1 % | 1.1 % | 2.0 % | -6.0 % | -9.0 % |
ROE | -3.5 % | -1.5 % | 1.7 % | -14.4 % | -22.1 % |
ROI | 0.1 % | 1.2 % | 2.1 % | -6.4 % | -9.5 % |
Economic value added (EVA) | 305.56 | 322.86 | 362.31 | 423.22 | 286.45 |
Solvency | |||||
Equity ratio | 45.6 % | 46.7 % | 49.6 % | 45.5 % | 39.8 % |
Gearing | 61.2 % | 65.7 % | 68.6 % | 108.2 % | 136.7 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 1.3 | 1.1 | 0.9 | 0.7 | 0.7 |
Current ratio | 1.3 | 1.1 | 0.9 | 0.7 | 0.7 |
Cash and cash equivalents | 6.71 | 10.00 | 48.72 | 10.06 | 0.45 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | BBB | A | BB | BB |
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