Seasight Group A/S — Credit Rating and Financial Key Figures

CVR number: 29823758
Beddingsvej 2, 6960 Hvide Sande
tel: 97312511

Credit rating

Company information

Official name
Seasight Group A/S
Personnel
49 persons
Established
2013
Company form
Limited company
Industry

About Seasight Group A/S

Seasight Group A/S (CVR number: 29823758K) is a company from RINGKØBING-SKJERN. The company reported a net sales of 625 mDKK in 2024, demonstrating a growth of 10.2 % compared to the previous year. The operating profit percentage was at 6.4 % (EBIT: 39.9 mDKK), while net earnings were 30.6 mDKK. The profitability of the company measured by Return on Assets (ROA) was 12.8 %, which can be considered good but Return on Equity (ROE) was 28.5 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 38 %, 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. Seasight Group A/S's liquidity measured by quick ratio was 1.7 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.

Financial information

See financials

Net sales (mDKK)

EBIT (mDKK)

Profitability

Solidity

Key figures (mDKK)

See financials
2021
2022
2023
2024
Volume
Net sales585.93567.42625.04
Gross profit33.32172.67192.23207.64
EBIT10.7616.1832.1139.92
Net earnings8.258.2022.7930.57
Shareholders equity total22.46117.97128.69126.05
Balance sheet total (assets)49.13329.10315.38334.07
Net debt10.7186.7130.53-5.67
Profitability
EBIT-%2.8 %5.7 %6.4 %
ROA22.2 %8.6 %10.6 %12.8 %
ROE49.0 %14.0 %21.8 %28.5 %
ROI27.5 %11.6 %15.3 %20.5 %
Economic value added (EVA)8.6911.0418.2124.26
Solvency
Equity ratio45.7 %36.9 %40.8 %38.0 %
Gearing64.2 %83.1 %38.6 %28.7 %
Relative net indebtedness %31.5 %25.8 %21.0 %
Liquidity
Quick ratio1.61.51.81.7
Current ratio1.81.61.91.8
Cash and cash equivalents3.7111.3119.1141.83
Capital use efficiency
Trade debtors turnover (days)83.084.239.8
Net working capital %15.5 %20.9 %19.0 %
Credit risk
Credit ratingAAAAAAAAA

Variable visualization

ROA:12.8%
Rating: 63/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:38.0%
Rating: 32/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Chief executive officer
Chairman of the board

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