A/S UNITED SHIPPING & TRADING COMPANY — Credit Rating and Financial Key Figures
Credit rating
Company information
About A/S UNITED SHIPPING & TRADING COMPANY
A/S UNITED SHIPPING & TRADING COMPANY (CVR number: 76950016K) is a company from MIDDELFART. The company reported a net sales of 114262.8 mDKK in 2023, demonstrating a decline of -17.5 % compared to the previous year. The operating profit percentage was at 1.9 % (EBIT: 2219.6 mDKK), while net earnings were -46.3 mDKK. The profitability of the company measured by Return on Assets (ROA) was 10.6 %, which can be considered good but Return on Equity (ROE) was -1.1 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 20.7 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. A/S UNITED SHIPPING & TRADING COMPANY's liquidity measured by quick ratio was 1.1 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsNet sales (bDKK)
EBIT (bDKK)
Profitability
Solidity
Key figures (bDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 76.33 | 65.60 | 118.52 | 138.54 | 114.26 |
Gross profit | 3.88 | 2.96 | 4.70 | 7.81 | 6.74 |
EBIT | 1.35 | 0.59 | 1.17 | 3.04 | 2.22 |
Net earnings | 0.91 | 0.39 | 0.80 | 2.32 | -0.05 |
Shareholders equity total | 3.11 | 2.97 | 4.29 | 5.47 | 4.48 |
Balance sheet total (assets) | 11.26 | 14.54 | 24.14 | 22.66 | 21.96 |
Net debt | 2.49 | 3.13 | 3.83 | 4.49 | 2.93 |
Profitability | |||||
EBIT-% | 1.8 % | 0.9 % | 1.0 % | 2.2 % | 1.9 % |
ROA | 12.2 % | 5.2 % | 6.6 % | 14.2 % | 10.6 % |
ROE | 31.8 % | 13.0 % | 24.1 % | 53.9 % | -1.1 % |
ROI | 13.2 % | 8.9 % | 12.7 % | 26.2 % | 18.8 % |
Economic value added (EVA) | 1.05 | 0.28 | 0.71 | 2.24 | 1.44 |
Solvency | |||||
Equity ratio | 27.7 % | 20.4 % | 17.8 % | 24.2 % | 20.7 % |
Gearing | 106.6 % | 133.4 % | 133.3 % | 103.9 % | 96.4 % |
Relative net indebtedness % | 9.6 % | 16.4 % | 15.1 % | 11.5 % | 14.1 % |
Liquidity | |||||
Quick ratio | 1.3 | 1.0 | 1.0 | 1.1 | 1.1 |
Current ratio | 1.4 | 1.2 | 1.2 | 1.4 | 1.2 |
Cash and cash equivalents | 0.83 | 0.83 | 1.89 | 1.19 | 1.39 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 22.2 | 36.7 | 34.0 | 28.7 | 33.5 |
Net working capital % | 3.3 % | 3.1 % | 3.1 % | 3.5 % | 2.5 % |
Credit risk | |||||
Credit rating | A | BBB | BBB | BBB | BBB |
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