PRIME OCEAN A/S — Credit Rating and Financial Key Figures

CVR number: 32082327
Røgerivej 2, 9990 Skagen
dorthe@primeocean.dk
tel: 98484805

Company information

Official name
PRIME OCEAN A/S
Personnel
133 persons
Established
2009
Company form
Limited company
Industry

About PRIME OCEAN A/S

PRIME OCEAN A/S (CVR number: 32082327) is a company from FREDERIKSHAVN. The company recorded a gross profit of 86.5 mDKK in 2023. The operating profit was 30.1 mDKK, while net earnings were 25.9 mDKK. The profitability of the company measured by Return on Assets (ROA) was 24.3 %, which can be considered excellent and Return on Equity (ROE) was 39.9 %, which can be considered excellent. 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. PRIME OCEAN A/S's liquidity measured by quick ratio was 0.6 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

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit81 278.0686 455.21
EBIT11 856.0011 988.0011 587.0034 687.5130 093.24
Net earnings10 277.009 015.0010 517.0035 081.3925 875.08
Shareholders equity total35 300.0034 015.0040 565.0064 281.2665 272.98
Balance sheet total (assets)110 801.0093 812.0099 193.00108 693.66185 431.18
Net debt- 946.6452 609.85
Profitability
EBIT-%
ROA9.4 %11.7 %12.0 %43.2 %24.3 %
ROE28.0 %26.0 %28.2 %66.9 %39.9 %
ROI11.5 %11.7 %12.0 %49.5 %33.5 %
Economic value added (EVA)10 508.3910 214.179 877.7525 004.3221 192.14
Solvency
Equity ratio100.0 %100.0 %100.0 %59.1 %35.2 %
Gearing26.2 %99.6 %
Relative net indebtedness %
Liquidity
Quick ratio1.50.6
Current ratio2.11.1
Cash and cash equivalents17 777.8412 399.32
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBAA

Variable visualization

ROA:24.3%
Rating: 80/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:35.2%
Rating: 30/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

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