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Weco Shipping A/S

CVR number: 36959096
Rungsted Strandvej 113, 2960 Rungsted Kyst

Credit rating

Company information

Official name
Weco Shipping A/S
Established
2015
Company form
Limited company
Industry
  • Expand more icon50Water transport

About the company

Weco Shipping A/S (CVR number: 36959096K) is a company from HØRSHOLM. The company reported a net sales of 535.1 mUSD in 2023, demonstrating a decline of -20.6 % compared to the previous year. The operating profit percentage was at 12.7 % (EBIT: 68 mUSD), while net earnings were 76.1 mUSD. The profitability of the company measured by Return on Assets (ROA) was 24.2 %, which can be considered excellent and Return on Equity (ROE) was 42.6 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 77.8 %, 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 Shipping A/S's liquidity measured by quick ratio was 3.7 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
20192020202120222023
Volume
Net sales186.66186.44387.54674.28535.11
Gross profit186.66186.44387.54165.4681.49
EBIT2.55-11.1065.70139.3668.00
Net earnings0.47-12.6072.49152.4376.09
Shareholders equity total89.1579.04148.40262.62233.97
Balance sheet total (assets)165.52156.59238.08335.74300.72
Net debt- 132.80- 117.36
Profitability
EBIT-%1.4 %-6.0 %17.0 %20.7 %12.7 %
ROA1.6 %-6.9 %33.3 %53.9 %24.2 %
ROE0.5 %-15.0 %63.7 %88.7 %42.6 %
ROI1.7 %-6.9 %33.3 %59.8 %29.3 %
Economic value added (EVA)-0.19-15.5861.73130.5863.66
Solvency
Equity ratio100.0 %100.0 %100.0 %78.2 %77.8 %
Gearing0.4 %0.5 %
Relative net indebtedness %-9.0 %-9.7 %
Liquidity
Quick ratio4.23.7
Current ratio4.53.9
Cash and cash equivalents133.74118.53
Capital use efficiency
Trade debtors turnover (days)14.128.4
Net working capital %28.7 %27.6 %
Credit risk
Credit ratingBBBBBBBBBBBAA

Variable visualization

ROA:24.2%
Rating: 80/100
-20%
0%
4%
11%
24%
60%
Equity ratio:77.8%
Rating: 58/100
-1%
21%
50%
81%
99%
100%

Roles

Chairman of the board
Board member
Board member
Board member
Chief executive officer

Companies in the same industry

Build time: 2024-07-12T11:31:01.896Z

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