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

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.