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BLUE WATER HOLDING A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About BLUE WATER HOLDING A/S
BLUE WATER HOLDING A/S (CVR number: 30584066K) is a company from ESBJERG. The company reported a net sales of 9303.9 mDKK in 2025, demonstrating a decline of -2 % compared to the previous year. The operating profit percentage was at 1.7 % (EBIT: 156.5 mDKK), while net earnings were 58.1 mDKK. The profitability of the company measured by Return on Assets (ROA) was 7.1 %, which can be considered decent and Return on Equity (ROE) was 7.9 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 30.1 %, 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. BLUE WATER HOLDING A/S's liquidity measured by quick ratio was 1.3 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 (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | 6 736.99 | 9 259.19 | 8 959.73 | 9 497.45 | 9 303.94 |
| Gross profit | 1 026.64 | 1 226.64 | 1 453.17 | 1 422.25 | 1 539.64 |
| EBIT | 1 026.64 | 1 226.64 | 1 453.17 | 77.73 | 156.47 |
| Net earnings | 104.52 | 49.98 | 106.28 | 8.48 | 58.13 |
| Shareholders equity total | 568.55 | 645.63 | 730.87 | 722.82 | 744.25 |
| Balance sheet total (assets) | 1 985.17 | 2 470.49 | 2 580.59 | 2 754.06 | 2 475.43 |
| Net debt | 713.19 | 385.61 | |||
| Profitability | |||||
| EBIT-% | 15.2 % | 13.2 % | 16.2 % | 0.8 % | 1.7 % |
| ROA | 55.5 % | 55.1 % | 57.5 % | 3.2 % | 7.1 % |
| ROE | 20.2 % | 8.2 % | 15.4 % | 1.2 % | 7.9 % |
| ROI | 55.5 % | 55.1 % | 57.5 % | 4.1 % | 12.1 % |
| Economic value added (EVA) | 1 003.21 | 1 198.07 | 1 420.72 | 18.47 | 28.65 |
| Solvency | |||||
| Equity ratio | 100.0 % | 100.0 % | 100.0 % | 26.2 % | 30.1 % |
| Gearing | 124.0 % | 84.5 % | |||
| Relative net indebtedness % | 19.5 % | 16.0 % | |||
| Liquidity | |||||
| Quick ratio | 1.2 | 1.3 | |||
| Current ratio | 1.2 | 1.3 | |||
| Cash and cash equivalents | 182.81 | 242.92 | |||
| Capital use efficiency | |||||
| Trade debtors turnover (days) | 55.5 | 50.0 | |||
| Net working capital % | 3.6 % | 4.1 % | |||
| Credit risk | |||||
| Credit rating | A | A | A | BBB | A |
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