The Drilling Company of 1972 A/S — Credit Rating and Financial Key Figures

CVR number: 40404716
Teknikerbyen 5, Søllerød 2830 Virum
Legalcorporate@maerskdrilling.com
tel: 63360000
https://www.maerskdrilling.com/

Credit rating

Company information

Official name
The Drilling Company of 1972 A/S
Personnel
8 persons
Established
2019
Domicile
Søllerød
Company form
Limited company
Industry

About The Drilling Company of 1972 A/S

The Drilling Company of 1972 A/S (CVR number: 40404716) is a company from RUDERSDAL. The company reported a net sales of 5.3 mUSD in 2024, demonstrating a growth of 778 % compared to the previous year. The operating profit percentage was poor at -4993.4 % (EBIT: -265.2 mUSD), while net earnings were -295.2 mUSD. The profitability of the company measured by Return on Assets (ROA) was -7.7 %, which can be considered poor and Return on Equity (ROE) was -12.3 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 74.3 %, 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. The Drilling Company of 1972 A/S's liquidity measured by quick ratio was 0.5 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 financials

Net sales (kUSD)

EBIT (kUSD)

Profitability

Solidity

Key figures (kUSD)

See financials
2021
2022
2023
2024
Volume
Net sales314.00605.005 312.00
Gross profit-9 469.00-26 659.00- 415.00143.00
EBIT-9 563.00-26 753.00- 547 357.00- 265 248.00
Net earnings-35 833.00- 115 887.00- 557 720.00- 295 158.00
Shareholders equity total2 102 352.002 205 025.002 120 203.002 688 136.00
Balance sheet total (assets)3 173 207.003 463 292.002 699 059.003 619 249.00
Net debt656 160.001 248 349.00577 769.00928 962.00
Profitability
EBIT-%-8520.1 %-90472.2 %-4993.4 %
ROA0.5 %0.1 %-16.7 %-7.7 %
ROE-1.7 %-5.4 %-25.8 %-12.3 %
ROI0.5 %0.1 %-16.7 %-7.7 %
Economic value added (EVA)-7 590.79- 186 037.67- 715 834.45- 390 590.26
Solvency
Equity ratio66.3 %63.7 %78.6 %74.3 %
Gearing49.6 %56.6 %27.3 %34.6 %
Relative net indebtedness %400595.5 %95671.1 %17514.8 %
Liquidity
Quick ratio3.00.60.90.5
Current ratio3.00.60.90.5
Cash and cash equivalents386 386.00397.0046.00726.00
Capital use efficiency
Trade debtors turnover (days)39.8
Net working capital %-167558.3 %-10580.7 %-8672.3 %
Credit risk
Credit ratingBBBABBBBBB

Variable visualization

ROA:-7.66%
Rating: 12/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:74.3%
Rating: 56/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Chairman of the board

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