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Union Bulk A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Union Bulk A/S
Union Bulk A/S (CVR number: 40300937) is a company from GENTOFTE. The company recorded a gross profit of -359.5 kUSD in 2024. The operating profit was -2610.5 kUSD, while net earnings were -2725.4 kUSD. The profitability of the company measured by Return on Assets (ROA) was -13.5 %, which can be considered poor and Return on Equity (ROE) was -25.9 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 35.2 %, 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. Union Bulk A/S's liquidity measured by quick ratio was 1.1 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 financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | 14 435.00 | 31 208.00 | 4 422.00 | 2 526.89 | - 359.48 |
| EBIT | 13 146.00 | 28 844.00 | 2 633.00 | 614.86 | -2 610.45 |
| Net earnings | 12 511.00 | 26 933.00 | 3 033.00 | 1 058.61 | -2 725.42 |
| Shareholders equity total | 15 345.00 | 19 778.00 | 15 811.00 | 16 869.12 | 4 211.15 |
| Balance sheet total (assets) | 23 692.00 | 23 861.00 | 20 897.00 | 22 032.61 | 11 953.26 |
| Net debt | -5 673.11 | - 628.32 | |||
| Profitability | |||||
| EBIT-% | |||||
| ROA | 87.7 % | 121.3 % | 11.8 % | 7.0 % | -13.5 % |
| ROE | 132.8 % | 153.4 % | 17.0 % | 6.5 % | -25.9 % |
| ROI | 87.7 % | 121.3 % | 11.8 % | 7.8 % | -20.5 % |
| Economic value added (EVA) | 12 970.07 | 28 072.91 | 1 639.16 | - 345.78 | -3 619.25 |
| Solvency | |||||
| Equity ratio | 100.0 % | 100.0 % | 100.0 % | 76.6 % | 35.2 % |
| Gearing | 2.2 % | 23.8 % | |||
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 2.1 | 1.1 | |||
| Current ratio | 2.5 | 1.5 | |||
| Cash and cash equivalents | 6 044.62 | 1 629.44 | |||
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BBB | BBB | BBB | BBB | BB |
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