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

CVR number: 36959096
Rungsted Strandvej 113, 2960 Rungsted Kyst

Company information

Official name
Weco Shipping A/S
Personnel
13 persons
Established
2015
Company form
Limited company
Industry

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 financials

Net sales (mUSD)

EBIT (mUSD)

Profitability

Solidity

Key figures (mUSD)

See financials
2020
2021
2022
2023
2024
Volume
Net sales186.44387.54674.28535.11566.57
Gross profit186.44387.54674.2881.4953.65
EBIT-11.1065.70139.3668.0041.15
Net earnings-12.6072.49152.4376.0949.16
Shareholders equity total79.04148.40262.62233.97249.20
Balance sheet total (assets)156.59238.07335.74300.72294.08
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)-15.5861.73131.9154.7832.98
Solvency
Equity ratio100.0 %100.0 %100.0 %77.8 %84.7 %
Gearing0.5 %1.6 %
Relative net indebtedness %-9.7 %-18.0 %
Liquidity
Quick ratio3.75.0
Current ratio3.95.3
Cash and cash equivalents118.53146.85
Capital use efficiency
Trade debtors turnover (days)28.416.7
Net working capital %27.6 %31.1 %
Credit risk
Credit ratingBBBBBBBBBAAAA

Variable visualization

ROA:17.2%
Rating: 70/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:84.7%
Rating: 64/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Board member
Board member
Chief executive officer

Companies in the same industry

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