Christiania Shipping A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Christiania Shipping A/S
Christiania Shipping A/S (CVR number: 40533516K) is a company from KØBENHAVN. The company recorded a gross profit of 0 kUSD in 2023. The operating profit was 74.8 mUSD, while net earnings were 68.8 mUSD. The profitability of the company measured by Return on Assets (ROA) was 20.6 %, which can be considered excellent and Return on Equity (ROE) was 99.1 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 45.2 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. Christiania Shipping A/S's liquidity measured by quick ratio was 1.2 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 financialsGross profit (kUSD)
EBIT (kUSD)
Profitability
Solidity
Key figures (kUSD)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 88 496.00 | 86 976.00 | |||
Gross profit | 54 216.00 | 54 162.00 | -27 314.00 | ||
EBIT | 135.00 | 2 974.00 | 1 143.00 | 45 513.00 | 74 811.00 |
Net earnings | -2 500.00 | 582.00 | -2 804.00 | 39 994.00 | 68 783.00 |
Shareholders equity total | 3 114.00 | 6 196.00 | 3 410.00 | 46 760.00 | 92 044.00 |
Balance sheet total (assets) | 71 464.00 | 66 909.00 | 80 554.00 | 140 328.00 | 203 560.00 |
Net debt | 36 385.00 | 35 958.00 | 30 325.00 | 37 578.00 | 48 310.00 |
Profitability | |||||
EBIT-% | 0.2 % | 3.4 % | |||
ROA | 0.5 % | 4.4 % | 2.0 % | 42.5 % | 20.6 % |
ROE | -57.3 % | 12.5 % | -58.4 % | 159.4 % | 99.1 % |
ROI | 0.5 % | 5.3 % | 2.4 % | 48.4 % | 75.0 % |
Economic value added (EVA) | -1 815.87 | 1 949.82 | - 576.63 | 44 350.40 | 73 438.09 |
Solvency | |||||
Equity ratio | 4.4 % | 9.3 % | 4.2 % | 33.3 % | 45.2 % |
Gearing | 1274.9 % | 599.9 % | 1049.1 % | 136.6 % | 79.8 % |
Relative net indebtedness % | 73.5 % | 68.4 % | |||
Liquidity | |||||
Quick ratio | 0.7 | 0.7 | 0.7 | 2.1 | 1.2 |
Current ratio | 0.8 | 0.8 | 0.8 | 2.2 | 1.3 |
Cash and cash equivalents | 3 315.00 | 1 209.00 | 5 450.00 | 26 306.00 | 25 183.00 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 18.6 | 21.0 | |||
Net working capital % | -4.5 % | -4.0 % | |||
Credit risk | |||||
Credit rating | A | A | BBB | A | A |
Variable visualization
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