LAURITZEN BULKERS A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About LAURITZEN BULKERS A/S
LAURITZEN BULKERS A/S (CVR number: 55700117) is a company from GENTOFTE. The company reported a net sales of 577 mUSD in 2024, demonstrating a decline of -4.1 % compared to the previous year. The operating profit percentage was at 4.9 % (EBIT: 28.4 mUSD), while net earnings were 17.9 mUSD. The profitability of the company measured by Return on Assets (ROA) was 10.2 %, which can be considered good but Return on Equity (ROE) was 16.6 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 46.3 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. LAURITZEN BULKERS A/S's liquidity measured by quick ratio was 1.2 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 (mUSD)
EBIT (mUSD)
Profitability
Solidity
Key figures (mUSD)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 380.36 | 836.59 | 929.95 | 601.89 | 577.02 |
Gross profit | 380.36 | 836.59 | 929.95 | 63.37 | 74.26 |
EBIT | 380.36 | 836.59 | 929.95 | 12.15 | 28.45 |
Net earnings | -19.29 | 95.96 | 77.33 | 3.35 | 17.90 |
Shareholders equity total | 30.87 | 128.85 | 190.71 | 96.06 | 119.04 |
Balance sheet total (assets) | 177.19 | 260.35 | 433.85 | 343.00 | 257.36 |
Net debt | 131.06 | 16.17 | |||
Profitability | |||||
EBIT-% | 100.0 % | 100.0 % | 2.0 % | 4.9 % | |
ROA | 382.4 % | 267.9 % | 3.8 % | 10.2 % | |
ROE | 120.2 % | 48.4 % | 2.3 % | 16.6 % | |
ROI | 382.4 % | 267.9 % | 4.2 % | 12.8 % | |
Economic value added (EVA) | 379.42 | 835.04 | 923.48 | 1.24 | 19.32 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 28.0 % | 46.3 % | |
Gearing | 166.1 % | 59.3 % | |||
Relative net indebtedness % | 36.3 % | 14.5 % | |||
Liquidity | |||||
Quick ratio | 0.6 | 1.2 | |||
Current ratio | 0.7 | 1.4 | |||
Cash and cash equivalents | 28.49 | 54.41 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 7.8 | 4.1 | |||
Net working capital % | -7.8 % | 4.1 % | |||
Credit risk | |||||
Credit rating | BB | BBB | AAA | AAA |
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