WECO BULK A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About WECO BULK A/S
WECO BULK A/S (CVR number: 35233954) is a company from HØRSHOLM. The company reported a net sales of 213.7 mUSD in 2024, demonstrating a growth of 19.4 % compared to the previous year. The operating profit percentage was at 6.6 % (EBIT: 14.2 mUSD), while net earnings were 15.5 mUSD. The profitability of the company measured by Return on Assets (ROA) was 16.6 %, which can be considered excellent and Return on Equity (ROE) was 18.9 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 78.5 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. WECO BULK A/S's liquidity measured by quick ratio was 2.6 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 financialsNet sales (mUSD)
EBIT (mUSD)
Profitability
Solidity
Key figures (mUSD)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 114.87 | 202.06 | 285.29 | 179.00 | 213.70 |
Gross profit | 7.20 | 56.98 | 65.88 | 11.32 | 18.70 |
EBIT | 4.78 | 49.05 | 58.68 | 7.77 | 14.20 |
Net earnings | 4.36 | 68.07 | 77.39 | 10.10 | 15.50 |
Shareholders equity total | 14.21 | 77.78 | 104.47 | 74.38 | 89.95 |
Balance sheet total (assets) | 24.12 | 97.57 | 123.33 | 92.04 | 114.62 |
Net debt | -22.17 | -40.43 | |||
Profitability | |||||
EBIT-% | 4.2 % | 24.3 % | 20.6 % | 4.3 % | 6.6 % |
ROA | 20.7 % | 80.6 % | 53.1 % | 10.2 % | 16.6 % |
ROE | 33.5 % | 148.0 % | 84.9 % | 11.3 % | 18.9 % |
ROI | 20.7 % | 80.6 % | 53.1 % | 10.7 % | 18.7 % |
Economic value added (EVA) | 4.18 | 48.33 | 54.77 | 1.90 | 13.46 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 80.8 % | 78.5 % |
Gearing | 11.0 % | 11.4 % | |||
Relative net indebtedness % | -7.1 % | -12.2 % | |||
Liquidity | |||||
Quick ratio | 2.3 | 2.6 | |||
Current ratio | 2.7 | 2.8 | |||
Cash and cash equivalents | 30.34 | 50.69 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 5.6 | 12.2 | |||
Net working capital % | 17.0 % | 20.9 % | |||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | AA | AA |
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