BLUE WATER SHIPPING A/S — Credit Rating and Financial Key Figures

BLUE WATER SHIPPING A/S (CVR number: 40516611) is a company from ESBJERG. The company reported a net sales of 5838.1 mDKK in 2023, demonstrating a decline of -13.1 % compared to the previous year. The operating profit percentage was at 0.3 % (EBIT: 17 mDKK), while net earnings were 80.8 mDKK. The profitability of the company measured by Return on Assets (ROA) was 7.1 %, which can be considered decent but Return on Equity (ROE) was 16.9 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 33.3 %, 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. BLUE WATER SHIPPING 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.