Credit rating
Company information
About WORLD MARINE OFFSHORE A/S
WORLD MARINE OFFSHORE A/S (CVR number: 34581711) is a company from ESBJERG. The company recorded a gross profit of 2591.3 kDKK in 2021. The operating profit was -12.9 mDKK, while net earnings were -13.9 mDKK. The profitability of the company measured by Return on Assets (ROA) was -11.4 %, which can be considered poor and Return on Equity (ROE) was -47 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 20.7 %, 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. WORLD MARINE OFFSHORE 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 financials2017 | 2018 | 2019 | 2020 | 2021 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 7 946.84 | 32 755.65 | 10 314.64 | 7 670.59 | 2 591.26 |
EBIT | 2 748.59 | 18 021.34 | -2 146.07 | -15 268.54 | -12 866.80 |
Net earnings | 2 852.17 | 16 184.87 | 5 011.01 | -11 331.96 | -13 860.08 |
Shareholders equity total | 9 083.80 | 25 135.09 | 47 758.20 | 36 426.24 | 22 566.16 |
Balance sheet total (assets) | 56 757.60 | 101 979.19 | 88 757.99 | 109 929.34 | 111 177.99 |
Net debt | 21 647.90 | 2 262.44 | 5 069.95 | 47 492.24 | 62 868.16 |
Profitability | |||||
EBIT-% | |||||
ROA | 7.2 % | 22.3 % | 6.2 % | -10.8 % | -11.4 % |
ROE | 37.2 % | 94.6 % | 13.7 % | -26.9 % | -47.0 % |
ROI | 11.3 % | 41.5 % | 10.2 % | -14.1 % | -14.2 % |
Economic value added (EVA) | 2 519.69 | 18 179.20 | -2 427.00 | -15 609.73 | -13 720.13 |
Solvency | |||||
Equity ratio | 17.1 % | 25.2 % | 56.0 % | 33.8 % | 20.7 % |
Gearing | 297.6 % | 96.0 % | 36.9 % | 139.6 % | 299.3 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 1.5 | 1.4 | 2.8 | 1.3 | 0.7 |
Current ratio | 1.3 | 1.4 | 2.4 | 1.3 | 1.1 |
Cash and cash equivalents | 5 383.77 | 21 875.06 | 12 561.73 | 3 357.71 | 4 682.79 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | BBB | A | BB | BB |
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