MOL Chemical Tankers Europe A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About MOL Chemical Tankers Europe A/S
MOL Chemical Tankers Europe A/S (CVR number: 17952072K) is a company from GENTOFTE. The company reported a net sales of 10 mUSD in 2022, demonstrating a decline of -12.7 % compared to the previous year. The operating profit percentage was at 4.8 % (EBIT: 0.5 mUSD), while net earnings were 897 kUSD. The profitability of the company measured by Return on Assets (ROA) was 32.3 %, which can be considered excellent and Return on Equity (ROE) was 59.6 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 38.9 %, 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. MOL Chemical Tankers Europe A/S's liquidity measured by quick ratio was 1.4 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 (kUSD)
EBIT (kUSD)
Profitability
Solidity
Key figures (kUSD)
See financials2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|
Volume | ||||
Net sales | 175 843.00 | 103 440.00 | 11 471.00 | 10 019.00 |
Gross profit | 91 300.00 | 61 148.00 | 9 838.00 | 8 793.00 |
EBIT | -4 537.00 | 38 691.00 | 670.00 | 476.00 |
Net earnings | -12 457.00 | 5 080.00 | 403.00 | 897.00 |
Shareholders equity total | 13 509.00 | 2 592.00 | 1 379.00 | 1 629.00 |
Balance sheet total (assets) | 150 814.00 | 6 702.00 | 3 320.00 | 4 192.00 |
Net debt | -4 816.00 | -3 944.00 | - 711.00 | -1 781.00 |
Profitability | ||||
EBIT-% | -2.6 % | 37.4 % | 5.8 % | 4.8 % |
ROA | -2.7 % | 49.7 % | 17.3 % | 32.3 % |
ROE | -92.2 % | 63.1 % | 20.3 % | 59.6 % |
ROI | -3.9 % | 71.5 % | 30.0 % | 62.8 % |
Economic value added (EVA) | -4 521.03 | 38 786.03 | 552.70 | 424.56 |
Solvency | ||||
Equity ratio | 9.0 % | 38.7 % | 41.5 % | 38.9 % |
Gearing | 14.8 % | |||
Relative net indebtedness % | 74.2 % | 0.2 % | 10.7 % | 7.8 % |
Liquidity | ||||
Quick ratio | 0.6 | 1.7 | 1.3 | 1.4 |
Current ratio | 0.7 | 1.7 | 1.3 | 1.4 |
Cash and cash equivalents | 6 816.00 | 3 944.00 | 711.00 | 1 781.00 |
Capital use efficiency | ||||
Trade debtors turnover (days) | 24.7 | 0.9 | 1.6 | 3.2 |
Net working capital % | -7.1 % | 1.9 % | 3.2 % | 9.0 % |
Credit risk | ||||
Credit rating | A | BBB | BBB | BBB |
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