ACE SHIPPING A/S — Credit Rating and Financial Key Figures

CVR number: 33393393
Strandvejen 100, 2900 Hellerup
chartering@aceshipping.com
tel: 39777877
www.aceshipping.com
Free credit report Annual report

Company information

Official name
ACE SHIPPING A/S
Personnel
4 persons
Established
2011
Company form
Limited company
Industry

About ACE SHIPPING A/S

ACE SHIPPING A/S (CVR number: 33393393) is a company from GENTOFTE. The company reported a net sales of 11.3 mUSD in 2024, demonstrating a decline of -38.2 % compared to the previous year. The operating profit percentage was poor at -8.6 % (EBIT: -1 mUSD), while net earnings were -819.3 kUSD. The profitability of the company measured by Return on Assets (ROA) was -17.1 %, which can be considered poor and Return on Equity (ROE) was -22.2 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 85.3 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. ACE SHIPPING A/S's liquidity measured by quick ratio was 6 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.

Financial information

See financials

Net sales (kUSD)

EBIT (kUSD)

Profitability

Solidity

Key figures (kUSD)

See financials
2020
2021
2022
2023
2024
Volume
Net sales19 398.4129 055.2027 690.7518 364.3211 348.79
Gross profit-41.925 132.522 687.42509.81- 579.47
EBIT- 328.394 453.591 924.5925.60- 978.57
Net earnings- 339.663 539.071 616.98196.37- 819.35
Shareholders equity total1 593.225 132.295 749.274 695.642 696.94
Balance sheet total (assets)4 105.426 476.897 790.166 339.023 163.39
Net debt-2 607.26-5 853.89-6 523.08-4 805.63-2 514.39
Profitability
EBIT-%-1.7 %15.3 %7.0 %0.1 %-8.6 %
ROA-9.1 %84.2 %28.6 %3.7 %-17.1 %
ROE-19.3 %105.2 %29.7 %3.8 %-22.2 %
ROI-18.4 %132.5 %37.5 %5.0 %-22.0 %
Economic value added (EVA)- 425.343 471.271 282.09- 268.95-1 212.87
Solvency
Equity ratio38.8 %79.2 %73.8 %74.1 %85.3 %
Gearing
Relative net indebtedness %-0.5 %-15.5 %-16.2 %-17.2 %-18.0 %
Liquidity
Quick ratio1.34.73.73.66.0
Current ratio1.64.83.83.96.7
Cash and cash equivalents2 607.265 853.896 523.084 805.632 514.39
Capital use efficiency
Trade debtors turnover (days)3.10.611.114.20.1
Net working capital %8.2 %17.7 %20.8 %25.6 %23.6 %
Credit risk
Credit ratingBBBBBBBBBBBB

Variable visualization

ROA:-17.1%
Rating: 3/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:85.3%
Rating: 65/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Board member

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