BUNKER HOLDING A/S — Credit Rating and Financial Key Figures

CVR number: 75266316
Strandvejen 5, 5500 Middelfart

Credit rating

Company information

Official name
BUNKER HOLDING A/S
Personnel
194 persons
Established
1984
Company form
Limited company
Industry

About BUNKER HOLDING A/S

BUNKER HOLDING A/S (CVR number: 75266316K) is a company from MIDDELFART. The company reported a net sales of 14495 mUSD in 2023, demonstrating a decline of -12.6 % compared to the previous year. The operating profit percentage was at 1.1 % (EBIT: 161.1 mUSD), while net earnings were 1748 kUSD. The profitability of the company measured by Return on Assets (ROA) was 8.9 %, which can be considered good but Return on Equity (ROE) was 0.4 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 19.9 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. BUNKER HOLDING 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 financials

Net sales (mUSD)

EBIT (mUSD)

Profitability

Solidity

Key figures (mUSD)

See financials
2019
2020
2021
2022
2023
Volume
Net sales10 946.059 769.1016 539.5016 579.7314 495.00
Gross profit439.53294.15391.5416 275.6714 259.08
EBIT184.9481.35117.89260.25161.12
Net earnings126.1856.6179.54168.981.75
Shareholders equity total357.04334.44386.24468.06358.77
Balance sheet total (assets)1 307.421 631.232 455.582 061.221 804.44
Net debt235.56327.91370.17588.42353.29
Profitability
EBIT-%1.7 %0.8 %0.7 %1.6 %1.1 %
ROA13.8 %6.1 %6.6 %12.8 %8.9 %
ROE37.4 %16.4 %22.1 %39.6 %0.4 %
ROI26.3 %11.7 %15.0 %27.5 %18.6 %
Economic value added (EVA)138.1347.1274.00182.9186.02
Solvency
Equity ratio27.3 %20.5 %15.7 %22.7 %19.9 %
Gearing96.5 %125.9 %153.9 %129.3 %100.6 %
Relative net indebtedness %7.7 %12.3 %11.2 %9.5 %9.9 %
Liquidity
Quick ratio1.31.01.01.21.2
Current ratio1.51.31.31.51.3
Cash and cash equivalents109.0593.20224.4416.567.68
Capital use efficiency
Trade debtors turnover (days)21.335.630.431.132.3
Net working capital %3.5 %3.9 %3.2 %4.0 %3.0 %
Credit risk
Credit ratingABBBBBBBBBBBB

Variable visualization

ROA:8.85%
Rating: 54/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:19.9%
Rating: 19/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Chairman of the board
Board member
Board member
Chief executive officer
Chief executive officer

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