SHIPCO TRANSPORT HOLDING A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About SHIPCO TRANSPORT HOLDING A/S
SHIPCO TRANSPORT HOLDING A/S (CVR number: 18936488K) is a company from KØBENHAVN. The company reported a net sales of 5172.4 mDKK in 2024, demonstrating a growth of 22.1 % compared to the previous year. The operating profit percentage was at 4.9 % (EBIT: 252.7 mDKK), while net earnings were 193 mDKK. The profitability of the company measured by Return on Assets (ROA) was 25.5 %, which can be considered excellent and Return on Equity (ROE) was 50.3 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 33.5 %, 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. SHIPCO TRANSPORT HOLDING A/S's liquidity measured by quick ratio was 1.5 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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 3 596.55 | 6 724.80 | 7 793.16 | 4 235.23 | 5 172.40 |
Gross profit | 757.97 | 1 365.67 | 1 694.11 | 939.58 | 1 041.49 |
EBIT | 186.06 | 678.39 | 891.63 | 174.81 | 252.71 |
Net earnings | 147.33 | 528.67 | 668.96 | 139.42 | 192.96 |
Shareholders equity total | 320.53 | 732.27 | 919.74 | 384.10 | 382.98 |
Balance sheet total (assets) | 916.46 | 1 895.90 | 1 883.48 | 987.39 | 1 143.54 |
Net debt | - 298.73 | - 701.60 | -1 069.35 | - 461.72 | - 441.38 |
Profitability | |||||
EBIT-% | 5.2 % | 10.1 % | 11.4 % | 4.1 % | 4.9 % |
ROA | 22.6 % | 49.0 % | 48.4 % | 14.3 % | 25.5 % |
ROE | 47.4 % | 100.4 % | 81.0 % | 21.4 % | 50.3 % |
ROI | 55.0 % | 116.8 % | 100.7 % | 29.0 % | 64.0 % |
Economic value added (EVA) | 134.21 | 511.78 | 621.57 | 73.65 | 165.65 |
Solvency | |||||
Equity ratio | 35.0 % | 38.6 % | 48.8 % | 38.9 % | 33.5 % |
Gearing | 14.0 % | 11.2 % | 8.6 % | 7.4 % | 13.5 % |
Relative net indebtedness % | 7.0 % | 5.7 % | -2.4 % | 2.7 % | 5.2 % |
Liquidity | |||||
Quick ratio | 1.5 | 1.6 | 1.8 | 1.6 | 1.5 |
Current ratio | 1.5 | 1.6 | 1.8 | 1.6 | 1.5 |
Cash and cash equivalents | 343.52 | 783.64 | 1 148.73 | 490.20 | 493.10 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 35.9 | 41.7 | 18.5 | 24.8 | 28.0 |
Net working capital % | 7.9 % | 9.4 % | 10.1 % | 7.9 % | 6.5 % |
Credit risk | |||||
Credit rating | A | A | BBB | A | A |
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