Weco Tankers A/S — Credit Rating and Financial Key Figures

CVR number: 41335971
Rungsted Strandvej 113, 2960 Rungsted Kyst

Company information

Official name
Weco Tankers A/S
Personnel
9 persons
Established
2020
Company form
Limited company
Industry

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 financials

Net sales (mUSD)

EBIT (mUSD)

Profitability

Solidity

Key figures (mUSD)

See financials
2020
2021
2022
2023
2024
Volume
Net sales25.50101.12261.54291.33294.45
Gross profit-1.003.6549.3957.4828.40
EBIT-1.682.4842.7653.1527.13
Net earnings-1.682.2842.8056.1430.49
Shareholders equity total0.923.0845.5379.0589.64
Balance sheet total (assets)9.5219.1377.48152.75127.38
Net debt0.59-49.21-58.72
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)-1.662.5642.6050.2624.36
Solvency
Equity ratio9.7 %100.0 %100.0 %51.8 %70.4 %
Gearing303.7 %1.6 %6.9 %
Relative net indebtedness %25.0 %8.0 %-9.2 %
Liquidity
Quick ratio1.01.92.7
Current ratio1.11.92.9
Cash and cash equivalents2.2150.4764.91
Capital use efficiency
Trade debtors turnover (days)38.047.327.0
Net working capital %3.6 %23.9 %24.5 %
Credit risk
Credit ratingBBBBBBBBAAA

Variable visualization

ROA:22.4%
Rating: 77/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:70.4%
Rating: 53/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Board member
Chief executive officer

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