DAN MARINE A/S — Credit Rating and Financial Key Figures

CVR number: 10619696
Hjerting Strandvej 15, Hjerting 6710 Esbjerg V
danmarine@danmarine.dk
tel: 75133122

Credit rating

Company information

Official name
DAN MARINE A/S
Personnel
2 persons
Established
1987
Domicile
Hjerting
Company form
Limited company
Industry

About DAN MARINE A/S

DAN MARINE A/S (CVR number: 10619696) is a company from ESBJERG. The company recorded a gross profit of 643.2 kDKK in 2023. The operating profit was 402.8 kDKK, while net earnings were 326.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 21.8 %, which can be considered excellent and Return on Equity (ROE) was 25.9 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 53 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. DAN MARINE A/S's liquidity measured by quick ratio was 2.1 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

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit1 333.78923.991 431.19552.17643.16
EBIT520.29114.64626.0627.25402.78
Net earnings484.61108.80532.80- 185.53326.45
Shareholders equity total1 740.531 349.331 782.131 096.601 423.05
Balance sheet total (assets)2 470.322 451.192 622.652 265.472 683.88
Net debt-2 223.73-1 772.97-2 453.29-1 340.18-1 752.13
Profitability
EBIT-%
ROA22.4 %8.2 %29.0 %4.9 %21.8 %
ROE27.7 %7.0 %34.0 %-12.9 %25.9 %
ROI28.8 %10.7 %39.1 %6.4 %26.9 %
Economic value added (EVA)471.33119.75531.2859.69364.20
Solvency
Equity ratio70.5 %55.0 %68.0 %48.4 %53.0 %
Gearing6.8 %38.8 %5.8 %69.5 %50.6 %
Relative net indebtedness %
Liquidity
Quick ratio3.52.23.11.92.1
Current ratio3.52.23.11.92.1
Cash and cash equivalents2 342.452 296.772 557.282 101.822 472.21
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:21.8%
Rating: 77/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:53.0%
Rating: 42/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Board member

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