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ACE SHIPPING A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About ACE SHIPPING A/S
ACE SHIPPING A/S (CVR number: 33393393) is a company from GENTOFTE. The company reported a net sales of 16.3 mUSD in 2025, demonstrating a growth of 43.3 % compared to the previous year. The operating profit percentage was poor at -1.3 % (EBIT: -0.2 mUSD), while net earnings were -105.5 kUSD. The profitability of the company measured by Return on Assets (ROA) was -3 %, which can be considered poor and Return on Equity (ROE) was -4 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 76.4 %, 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 3.7 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 financialsNet sales (kUSD)
EBIT (kUSD)
Profitability
Solidity
Key figures (kUSD)
See financials2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | 29 055.20 | 27 690.75 | 18 364.32 | 11 348.79 | 16 257.50 |
| Gross profit | 5 132.52 | 2 687.42 | 509.81 | - 579.47 | 448.49 |
| EBIT | 4 453.59 | 1 924.59 | 25.60 | - 978.57 | - 217.29 |
| Net earnings | 3 539.07 | 1 616.98 | 196.37 | - 819.35 | - 105.47 |
| Shareholders equity total | 5 132.29 | 5 749.27 | 4 695.64 | 2 696.94 | 2 591.47 |
| Balance sheet total (assets) | 6 476.89 | 7 790.16 | 6 339.02 | 3 163.39 | 3 390.42 |
| Net debt | -5 853.89 | -6 523.08 | -4 805.63 | -2 514.39 | -2 530.83 |
| Profitability | |||||
| EBIT-% | 15.3 % | 7.0 % | 0.1 % | -8.6 % | -1.3 % |
| ROA | 84.2 % | 28.6 % | 3.7 % | -17.1 % | -3.0 % |
| ROE | 105.2 % | 29.7 % | 3.8 % | -22.2 % | -4.0 % |
| ROI | 132.5 % | 37.5 % | 5.0 % | -22.0 % | -3.8 % |
| Economic value added (EVA) | 3 471.27 | 1 282.09 | - 268.95 | -1 212.87 | - 352.82 |
| Solvency | |||||
| Equity ratio | 79.2 % | 73.8 % | 74.1 % | 85.3 % | 76.4 % |
| Gearing | |||||
| Relative net indebtedness % | -15.5 % | -16.2 % | -17.2 % | -18.0 % | -10.7 % |
| Liquidity | |||||
| Quick ratio | 4.7 | 3.7 | 3.6 | 6.0 | 3.7 |
| Current ratio | 4.8 | 3.8 | 3.9 | 6.7 | 4.2 |
| Cash and cash equivalents | 5 853.89 | 6 523.08 | 4 805.63 | 2 514.39 | 2 530.83 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | 0.6 | 11.1 | 14.2 | 0.1 | 0.6 |
| Net working capital % | 17.7 % | 20.8 % | 25.6 % | 23.6 % | 15.8 % |
| Credit risk | |||||
| Credit rating | BBB | A | A | BBB | BBB |
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