ATLANTIC SHIPPING A/S — Credit Rating and Financial Key Figures

CVR number: 10324785
Islands Brygge 26, 2300 København S
info@atlanticship.dk
tel: 33130063
www.atlanticship.dk

Credit rating

Company information

Official name
ATLANTIC SHIPPING A/S
Personnel
10 persons
Established
1986
Company form
Limited company
Industry
  • Expand more icon52Warehousing and support activities for transportation

About ATLANTIC SHIPPING A/S

ATLANTIC SHIPPING A/S (CVR number: 10324785) is a company from KØBENHAVN. The company recorded a gross profit of 15.2 mDKK in 2023. The operating profit was 6804.9 kDKK, while net earnings were 6901 kDKK. The profitability of the company measured by Return on Assets (ROA) was 15.4 %, which can be considered excellent and Return on Equity (ROE) was 42.5 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 21.1 %, 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. ATLANTIC SHIPPING A/S's liquidity measured by quick ratio was 1.3 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit29 060.0012 722.6715 151.6928 727.5815 160.33
EBIT25 371.005 712.076 248.7419 672.496 804.88
Net earnings19 578.003 911.755 262.6014 528.716 900.97
Shareholders equity total35 332.0020 243.4410 506.0420 034.7512 435.72
Balance sheet total (assets)60 202.0033 565.6453 822.1152 989.8258 861.06
Net debt-45 678.00-20 703.80-41 209.96-45 479.87-44 384.67
Profitability
EBIT-%
ROA24.9 %12.4 %16.5 %38.0 %15.4 %
ROE68.6 %14.1 %34.2 %95.1 %42.5 %
ROI70.2 %20.6 %37.0 %105.6 %37.6 %
Economic value added (EVA)25 054.694 861.824 802.3317 217.037 365.64
Solvency
Equity ratio58.7 %60.3 %19.5 %37.8 %21.1 %
Gearing0.1 %0.5 %71.9 %1.8 %104.1 %
Relative net indebtedness %
Liquidity
Quick ratio2.12.01.11.51.3
Current ratio2.12.01.11.51.3
Cash and cash equivalents45 726.0020 797.1648 760.4945 841.1957 326.50
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAAAABBB

Variable visualization

ROA:15.4%
Rating: 67/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:21.1%
Rating: 20/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Board member
Chief executive officer

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