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: 17952072) is a company from GENTOFTE. The company reported a net sales of 9.7 mUSD in 2024, demonstrating a decline of -20.1 % compared to the previous year. The operating profit percentage was at 4.4 % (EBIT: 0.4 mUSD), while net earnings were 464.7 kUSD. The profitability of the company measured by Return on Assets (ROA) was 15 %, which can be considered good but Return on Equity (ROE) was 47.8 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 26.2 %, 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 1.1 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 financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 103 427.00 | 11 476.00 | 10 019.00 | 12 115.64 | 9 683.83 |
Gross profit | 61 113.00 | 5 992.00 | 8 449.00 | 8 906.90 | 7 218.23 |
EBIT | 38 010.00 | 512.00 | 456.00 | 633.85 | 429.99 |
Net earnings | 4 160.00 | 403.00 | 897.00 | 562.82 | 464.74 |
Shareholders equity total | 2 590.00 | 1 379.00 | 1 629.00 | 991.27 | 954.88 |
Balance sheet total (assets) | 6 071.00 | 3 098.00 | 3 985.00 | 3 518.45 | 3 641.66 |
Net debt | -3 604.00 | - 440.00 | -1 491.00 | -2 411.97 | -2 370.09 |
Profitability | |||||
EBIT-% | 36.8 % | 4.5 % | 4.6 % | 5.2 % | 4.4 % |
ROA | 49.9 % | 16.1 % | 32.7 % | 23.8 % | 15.0 % |
ROE | 5.6 % | 20.3 % | 59.6 % | 43.0 % | 47.8 % |
ROI | 71.4 % | 26.0 % | 58.4 % | 61.9 % | 48.4 % |
Economic value added (EVA) | 36 029.71 | 446.62 | 406.85 | 616.66 | 520.39 |
Solvency | |||||
Equity ratio | 42.7 % | 44.5 % | 40.9 % | 28.2 % | 26.2 % |
Gearing | 4.4 % | 2.2 % | 0.5 % | 27.8 % | |
Relative net indebtedness % | -0.1 % | 10.6 % | 8.3 % | 0.9 % | 0.5 % |
Liquidity | |||||
Quick ratio | 1.8 | 1.7 | 1.5 | 1.2 | 1.1 |
Current ratio | 1.8 | 1.7 | 1.5 | 1.2 | 1.1 |
Cash and cash equivalents | 3 604.00 | 500.00 | 1 527.00 | 2 416.75 | 2 635.34 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 0.9 | 1.6 | 3.2 | ||
Net working capital % | 2.0 % | 6.9 % | 9.9 % | 4.5 % | 4.0 % |
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BBB | BBB |
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