Union Bulk A/S — Credit Rating and Financial Key Figures

Union Bulk A/S (CVR number: 40300937) is a company from GENTOFTE. The company reported a net sales of 90.6 mUSD in 2023, demonstrating a decline of -23.6 % compared to the previous year. The operating profit percentage was at 0.7 % (EBIT: 0.6 mUSD), while net earnings were 1058.6 kUSD. The profitability of the company measured by Return on Assets (ROA) was 6.6 %, which can be considered decent and Return on Equity (ROE) was 6.5 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 76.6 %, 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. Union Bulk A/S's liquidity measured by quick ratio was 2.1 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.