Weco Tankers A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Weco Tankers A/S
Weco Tankers A/S (CVR number: 41335971) is a company from HØRSHOLM. The company reported a net sales of 294.4 mUSD in 2024, demonstrating a growth of 1.1 % compared to the previous year. The operating profit percentage was at 9.2 % (EBIT: 27.1 mUSD), while net earnings were 30.5 mUSD. The profitability of the company measured by Return on Assets (ROA) was 22.4 %, which can be considered excellent and Return on Equity (ROE) was 36.1 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 70.4 %, 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. Weco Tankers A/S's liquidity measured by quick ratio was 2.7 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 (mUSD)
EBIT (mUSD)
Profitability
Solidity
Key figures (mUSD)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 25.50 | 101.12 | 261.54 | 291.33 | 294.45 |
Gross profit | -1.00 | 3.65 | 49.39 | 57.48 | 28.40 |
EBIT | -1.68 | 2.48 | 42.76 | 53.15 | 27.13 |
Net earnings | -1.68 | 2.28 | 42.80 | 56.14 | 30.49 |
Shareholders equity total | 0.92 | 3.08 | 45.53 | 79.05 | 89.64 |
Balance sheet total (assets) | 9.52 | 19.13 | 77.48 | 152.75 | 127.38 |
Net debt | 0.59 | -49.21 | -58.72 | ||
Profitability | |||||
EBIT-% | -6.6 % | 2.5 % | 16.3 % | 18.2 % | 9.2 % |
ROA | -17.5 % | 17.3 % | 88.5 % | 49.3 % | 22.4 % |
ROE | -181.3 % | 113.7 % | 176.1 % | 90.1 % | 36.1 % |
ROI | -44.6 % | 21.7 % | 88.5 % | 71.9 % | 35.6 % |
Economic value added (EVA) | -1.66 | 2.56 | 42.60 | 50.26 | 24.36 |
Solvency | |||||
Equity ratio | 9.7 % | 100.0 % | 100.0 % | 51.8 % | 70.4 % |
Gearing | 303.7 % | 1.6 % | 6.9 % | ||
Relative net indebtedness % | 25.0 % | 8.0 % | -9.2 % | ||
Liquidity | |||||
Quick ratio | 1.0 | 1.9 | 2.7 | ||
Current ratio | 1.1 | 1.9 | 2.9 | ||
Cash and cash equivalents | 2.21 | 50.47 | 64.91 | ||
Capital use efficiency | |||||
Trade debtors turnover (days) | 38.0 | 47.3 | 27.0 | ||
Net working capital % | 3.6 % | 23.9 % | 24.5 % | ||
Credit risk | |||||
Credit rating | BB | BBB | BBB | A | AA |
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