Independent Bulk Carriers A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Independent Bulk Carriers A/S
Independent Bulk Carriers A/S (CVR number: 40804099) is a company from HELSINGØR. The company recorded a gross profit of -87.8 kUSD in 2024. The operating profit was -318.6 kUSD, while net earnings were 788.9 kUSD. The profitability of the company measured by Return on Assets (ROA) was 14.8 %, which can be considered good and Return on Equity (ROE) was 12.4 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 95 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. Independent Bulk Carriers A/S's liquidity measured by quick ratio was 20.2 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 financialsGross profit (kUSD)
EBIT (kUSD)
Profitability
Solidity
Key figures (kUSD)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 7 090.00 | 10 326.00 | 3 203.00 | - 396.00 | -87.77 |
EBIT | 6 849.00 | 9 819.00 | 2 883.00 | - 652.00 | - 318.58 |
Net earnings | 2 482.00 | - 607.00 | 788.94 | ||
Shareholders equity total | 4 336.00 | 11 819.00 | 8 482.00 | 6 393.00 | 6 381.93 |
Balance sheet total (assets) | 10 476.00 | 19 400.00 | 9 453.00 | 6 737.00 | 6 714.58 |
Net debt | - 932.00 | -10 866.00 | -5 236.00 | -6 220.00 | -5 736.04 |
Profitability | |||||
EBIT-% | |||||
ROA | 94.2 % | 65.8 % | 23.2 % | -4.7 % | 14.8 % |
ROE | 24.5 % | -8.2 % | 12.4 % | ||
ROI | 163.0 % | 151.5 % | 38.9 % | -5.1 % | 15.4 % |
Economic value added (EVA) | 4 907.76 | 6 535.72 | 1 216.68 | - 893.26 | - 647.25 |
Solvency | |||||
Equity ratio | 44.2 % | 39.2 % | 93.1 % | 94.9 % | 95.0 % |
Gearing | 33.8 % | 1.4 % | 1.0 % | 1.3 % | 1.3 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 2.3 | 1.7 | 13.5 | 19.6 | 20.2 |
Current ratio | 1.7 | 1.8 | 9.7 | 19.6 | 20.2 |
Cash and cash equivalents | 2 398.00 | 11 033.00 | 5 318.00 | 6 300.00 | 5 819.27 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BB | BBB |
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