Flora K Shipping A/S
Credit rating
Company information
50Water transport
About Flora K Shipping A/S
Flora K Shipping A/S (CVR number: 31060249) is a company from KØBENHAVN. The company reported a net sales of 4.8 mDKK in 2023, demonstrating a growth of 23.6 % compared to the previous year. The operating profit percentage was at 44.6 % (EBIT: 2.1 mDKK), while net earnings were 1764 kDKK. The profitability of the company measured by Return on Assets (ROA) was 14.9 %, which can be considered good but Return on Equity (ROE) was 20.6 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 67.5 %, 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. Flora K Shipping A/S's liquidity measured by quick ratio was 0.8 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 financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | 3 748.00 | 3 702.00 | 3 865.00 | 4 777.00 | |
| Gross profit | -2.00 | 174.00 | 1 408.00 | 1 365.00 | 2 882.00 |
| EBIT | -2.00 | - 488.00 | 645.00 | 604.00 | 2 130.00 |
| Net earnings | -1.00 | - 831.00 | 417.00 | 207.00 | 1 764.00 |
| Shareholders equity total | 1 799.00 | 3 669.00 | 4 085.00 | 7 685.00 | 9 449.00 |
| Balance sheet total (assets) | 1 800.00 | 15 935.00 | 15 617.00 | 15 296.00 | 14 007.00 |
| Net debt | -11.00 | 11 966.00 | 10 681.00 | 6 284.00 | 3 885.00 |
| Profitability | |||||
| EBIT-% | -13.0 % | 17.4 % | 15.6 % | 44.6 % | |
| ROA | -0.1 % | -5.5 % | 4.1 % | 4.0 % | 14.9 % |
| ROE | -0.1 % | -30.4 % | 10.8 % | 3.5 % | 20.6 % |
| ROI | -0.1 % | -5.5 % | 4.1 % | 4.0 % | 15.1 % |
| Economic value added (EVA) | -91.85 | - 544.47 | 161.63 | - 100.19 | 1 601.54 |
| Solvency | |||||
| Equity ratio | 99.9 % | 23.0 % | 26.2 % | 50.2 % | 67.5 % |
| Gearing | 332.0 % | 279.6 % | 95.2 % | 46.7 % | |
| Relative net indebtedness % | 321.5 % | 291.5 % | 170.3 % | 84.4 % | |
| Liquidity | |||||
| Quick ratio | 1 800.0 | 0.1 | 0.2 | 1.0 | 0.8 |
| Current ratio | 1 800.0 | 0.1 | 0.2 | 1.1 | 0.9 |
| Cash and cash equivalents | 11.00 | 215.00 | 739.00 | 1 030.00 | 524.00 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | 18.4 | 3.0 | 3.1 | ||
| Net working capital % | -101.8 % | -92.1 % | 4.7 % | -1.6 % | |
| Credit risk | |||||
| Credit rating | B | BB | A | BBB | A |
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