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
Free credit report Annual report

Credit rating

Company information

Official name
ATLANTIC SHIPPING A/S
Personnel
11 persons
Established
1986
Company form
Limited company
Industry

About ATLANTIC SHIPPING A/S

ATLANTIC SHIPPING A/S (CVR number: 10324785) is a company from KØBENHAVN. The company recorded a gross profit of 20 mDKK in 2024. The operating profit was 10.3 mDKK, while net earnings were 6927.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 14.2 %, which can be considered good but Return on Equity (ROE) was 63.6 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 8.8 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. ATLANTIC SHIPPING A/S's liquidity measured by quick ratio was 1.1 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit12 722.6715 151.6928 727.5815 161.5319 979.70
EBIT5 712.076 248.7419 672.496 806.0710 268.66
Net earnings3 911.755 262.6014 528.716 900.976 927.15
Shareholders equity total20 243.4410 506.0420 034.7512 435.729 362.88
Balance sheet total (assets)33 565.6453 822.1152 989.8258 861.06106 913.12
Net debt-20 703.80-41 209.96-45 479.87-42 356.52- 104 462.56
Profitability
EBIT-%
ROA12.4 %16.5 %38.0 %15.4 %14.2 %
ROE14.1 %34.2 %95.1 %42.5 %63.6 %
ROI20.6 %37.0 %105.6 %36.1 %62.2 %
Economic value added (EVA)2 561.683 752.5814 387.405 044.976 623.43
Solvency
Equity ratio60.3 %19.5 %37.8 %21.1 %8.8 %
Gearing0.5 %71.9 %1.8 %120.4 %10.1 %
Relative net indebtedness %
Liquidity
Quick ratio2.01.11.51.31.1
Current ratio2.01.11.51.31.1
Cash and cash equivalents20 797.1648 760.4945 841.1957 326.50105 411.43
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingABBBBBBBBBBBB

Variable visualization

ROA:14.2%
Rating: 65/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:8.76%
Rating: 9/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Companies in the same industry

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