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 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 financialsNet sales (kUSD)
EBIT (kUSD)
Profitability
Solidity
Key figures (kUSD)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 19 398.41 | 29 055.20 | 27 690.75 | 18 364.32 | 11 348.79 |
Gross profit | -41.92 | 5 132.52 | 2 687.42 | 509.81 | - 579.47 |
EBIT | - 328.39 | 4 453.59 | 1 924.59 | 25.60 | - 978.57 |
Net earnings | - 339.66 | 3 539.07 | 1 616.98 | 196.37 | - 819.35 |
Shareholders equity total | 1 593.22 | 5 132.29 | 5 749.27 | 4 695.64 | 2 696.94 |
Balance sheet total (assets) | 4 105.42 | 6 476.89 | 7 790.16 | 6 339.02 | 3 163.39 |
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) | - 425.34 | 3 471.27 | 1 282.09 | - 268.95 | -1 212.87 |
Solvency | |||||
Equity ratio | 38.8 % | 79.2 % | 73.8 % | 74.1 % | 85.3 % |
Gearing | |||||
Relative net indebtedness % | -0.5 % | -15.5 % | -16.2 % | -17.2 % | -18.0 % |
Liquidity | |||||
Quick ratio | 1.3 | 4.7 | 3.7 | 3.6 | 6.0 |
Current ratio | 1.6 | 4.8 | 3.8 | 3.9 | 6.7 |
Cash and cash equivalents | 2 607.26 | 5 853.89 | 6 523.08 | 4 805.63 | 2 514.39 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 3.1 | 0.6 | 11.1 | 14.2 | 0.1 |
Net working capital % | 8.2 % | 17.7 % | 20.8 % | 25.6 % | 23.6 % |
Credit risk | |||||
Credit rating | BB | BB | BBB | BBB | BB |
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