NORDIC SHIPHOLDING A/S — Credit Rating and Financial Key Figures

NORDIC SHIPHOLDING A/S (CVR number: 76351716K) is a company from KØBENHAVN. The company reported a net sales of 5.9 mUSD in 2022, demonstrating a decline of -72.8 % compared to the previous year. The operating profit percentage was at 2.6 % (EBIT: 0.2 mUSD), while net earnings were 2797 kUSD. The profitability of the company measured by Return on Assets (ROA) was 11.1 %, which can be considered good and Return on Equity (ROE) was 11.4 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at -70.1 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. NORDIC SHIPHOLDING A/S's liquidity measured by quick ratio was 0.3 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.