Weco Shipping A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Weco Shipping A/S
Weco Shipping A/S (CVR number: 36959096K) is a company from HØRSHOLM. The company reported a net sales of 566.6 mUSD in 2024, demonstrating a growth of 5.9 % compared to the previous year. The operating profit percentage was at 7.3 % (EBIT: 41.1 mUSD), while net earnings were 49.2 mUSD. The profitability of the company measured by Return on Assets (ROA) was 17.2 %, which can be considered excellent and Return on Equity (ROE) was 30.4 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 84.7 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. Weco Shipping A/S's liquidity measured by quick ratio was 5 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 | 186.44 | 387.54 | 674.28 | 535.11 | 566.57 |
Gross profit | 186.44 | 387.54 | 674.28 | 81.49 | 53.65 |
EBIT | -11.10 | 65.70 | 139.36 | 68.00 | 41.15 |
Net earnings | -12.60 | 72.49 | 152.43 | 76.09 | 49.16 |
Shareholders equity total | 79.04 | 148.40 | 262.62 | 233.97 | 249.20 |
Balance sheet total (assets) | 156.59 | 238.07 | 335.74 | 300.72 | 294.08 |
Net debt | - 117.36 | - 142.84 | |||
Profitability | |||||
EBIT-% | -6.0 % | 17.0 % | 20.7 % | 12.7 % | 7.3 % |
ROA | -6.9 % | 33.3 % | 48.6 % | 24.2 % | 17.2 % |
ROE | -15.0 % | 63.7 % | 74.2 % | 35.9 % | 30.4 % |
ROI | -6.9 % | 33.3 % | 48.6 % | 26.5 % | 20.5 % |
Economic value added (EVA) | -15.58 | 61.73 | 131.91 | 54.78 | 32.98 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 77.8 % | 84.7 % |
Gearing | 0.5 % | 1.6 % | |||
Relative net indebtedness % | -9.7 % | -18.0 % | |||
Liquidity | |||||
Quick ratio | 3.7 | 5.0 | |||
Current ratio | 3.9 | 5.3 | |||
Cash and cash equivalents | 118.53 | 146.85 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 28.4 | 16.7 | |||
Net working capital % | 27.6 % | 31.1 % | |||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | AA | AA |
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