TEAM TANKERS MANAGEMENT A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About TEAM TANKERS MANAGEMENT A/S
TEAM TANKERS MANAGEMENT A/S (CVR number: 29687595) is a company from KØBENHAVN. The company reported a net sales of 3 mUSD in 2021, demonstrating a decline of -56.5 % compared to the previous year. The operating profit percentage was at 4.9 % (EBIT: 0.1 mUSD), while net earnings were 95 kUSD. The profitability of the company measured by Return on Assets (ROA) was 7.5 %, which can be considered decent but Return on Equity (ROE) was 8.6 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 70.2 %, 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. TEAM TANKERS MANAGEMENT A/S's liquidity measured by quick ratio was 3.3 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 (kUSD)
EBIT (kUSD)
Profitability
Solidity
Key figures (kUSD)
See financials2017 | 2018 | 2019 | 2020 | 2021 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 6 914.00 | 9 201.00 | 10 099.00 | 6 921.00 | 3 014.00 |
Gross profit | 4 285.00 | 5 779.00 | 7 366.00 | 4 757.00 | 1 691.00 |
EBIT | - 651.00 | - 265.00 | 631.00 | - 847.00 | 148.00 |
Net earnings | - 480.00 | - 303.00 | 646.00 | - 151.00 | 95.00 |
Shareholders equity total | 3 364.00 | 3 061.00 | 3 707.00 | 1 056.00 | 1 151.00 |
Balance sheet total (assets) | 6 440.00 | 9 593.00 | 12 879.00 | 2 321.00 | 1 639.00 |
Net debt | -1 956.00 | 2 939.00 | 4 669.00 | - 390.00 | - 362.00 |
Profitability | |||||
EBIT-% | -9.4 % | -2.9 % | 6.2 % | -12.2 % | 4.9 % |
ROA | -6.2 % | -2.9 % | 7.3 % | -0.9 % | 7.5 % |
ROE | -13.3 % | -9.4 % | 19.1 % | -6.3 % | 8.6 % |
ROI | -8.3 % | -3.6 % | 9.1 % | -1.3 % | 13.4 % |
Economic value added (EVA) | - 666.18 | - 253.59 | 568.54 | - 980.56 | 114.53 |
Solvency | |||||
Equity ratio | 52.2 % | 31.9 % | 28.8 % | 45.5 % | 70.2 % |
Gearing | 48.6 % | 153.9 % | 153.0 % | ||
Relative net indebtedness % | -7.4 % | 51.7 % | 80.9 % | 12.6 % | 4.2 % |
Liquidity | |||||
Quick ratio | 1.9 | 1.4 | 1.4 | 1.8 | 3.3 |
Current ratio | 1.9 | 1.4 | 1.4 | 1.8 | 3.3 |
Cash and cash equivalents | 3 591.00 | 1 772.00 | 1 003.00 | 390.00 | 362.00 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | 40.0 % | 28.1 % | 32.0 % | 14.6 % | 36.7 % |
Credit risk | |||||
Credit rating | BBB | BBB | A | BB | BBB |
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