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

CVR number: 33393393
Tuborg Havnevej 18, 2900 Hellerup

Credit rating

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 18.4 mUSD in 2023, demonstrating a decline of -33.7 % compared to the previous year. The operating profit percentage was at 0.1 % (EBIT: 0 mUSD), while net earnings were 196.4 kUSD. The profitability of the company measured by Return on Assets (ROA) was 3.7 %, which can be considered weak and Return on Equity (ROE) was 3.8 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 74.1 %, 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. ACE SHIPPING A/S's liquidity measured by quick ratio was 3.6 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
2019
2020
2021
2022
2023
Volume
Net sales15 433.0819 398.4129 055.2027 690.7518 364.32
Gross profit653.08-41.925 132.522 687.42509.81
EBIT332.93- 328.394 453.591 924.5925.60
Net earnings272.49- 339.663 539.071 616.98196.37
Shareholders equity total1 932.881 593.225 132.295 749.274 695.64
Balance sheet total (assets)3 042.884 105.426 476.897 790.166 339.02
Net debt-1 966.47-2 607.26-5 853.89-6 523.08-4 805.63
Profitability
EBIT-%2.2 %-1.7 %15.3 %7.0 %0.1 %
ROA13.7 %-9.1 %84.2 %28.6 %3.7 %
ROE15.2 %-19.3 %105.2 %29.7 %3.8 %
ROI20.1 %-18.4 %132.5 %37.5 %5.0 %
Economic value added (EVA)244.03- 306.323 622.491 576.2558.83
Solvency
Equity ratio63.5 %38.8 %79.2 %73.8 %74.1 %
Gearing
Relative net indebtedness %-5.5 %-0.5 %-15.5 %-16.2 %-17.2 %
Liquidity
Quick ratio2.21.34.73.73.6
Current ratio2.71.64.83.83.9
Cash and cash equivalents1 966.472 607.265 853.896 523.084 805.63
Capital use efficiency
Trade debtors turnover (days)6.13.10.611.114.2
Net working capital %12.5 %8.2 %17.7 %20.8 %25.6 %
Credit risk
Credit ratingBBBBBBBBBBBBB

Variable visualization

ROA:3.67%
Rating: 38/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:74.1%
Rating: 56/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Board member

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