SDK Shipping A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About SDK Shipping A/S
SDK Shipping A/S (CVR number: 43785028) is a company from Høje-Taastrup. The company reported a net sales of 518.3 mDKK in 2023, demonstrating a decline of -10.9 % compared to the previous year. The operating profit percentage was at 9.2 % (EBIT: 47.5 mDKK), while net earnings were 37.2 mDKK. The profitability of the company measured by Return on Assets (ROA) was 12.1 %, which can be considered good but Return on Equity (ROE) was 31.5 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 26.4 %, 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. SDK Shipping A/S's liquidity measured by quick ratio was 1.3 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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 287.82 | 468.46 | 528.78 | 581.47 | 518.28 |
Gross profit | 86.83 | 166.70 | 183.49 | 211.89 | 208.10 |
EBIT | 10.81 | 31.05 | 25.70 | 52.38 | 47.52 |
Net earnings | 7.58 | 22.33 | 18.20 | 40.77 | 37.22 |
Shareholders equity total | 44.94 | 84.02 | 91.62 | 115.49 | 120.75 |
Balance sheet total (assets) | 223.16 | 366.65 | 372.10 | 416.37 | 457.78 |
Net debt | 92.49 | 118.35 | |||
Profitability | |||||
EBIT-% | 3.8 % | 6.6 % | 4.9 % | 9.0 % | 9.2 % |
ROA | 5.3 % | 10.5 % | 7.0 % | 14.0 % | 12.1 % |
ROE | 17.8 % | 34.6 % | 20.7 % | 39.4 % | 31.5 % |
ROI | 6.1 % | 10.5 % | 7.0 % | 17.2 % | 18.7 % |
Economic value added (EVA) | 6.98 | 28.79 | 21.48 | 36.40 | 26.77 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 27.7 % | 26.4 % |
Gearing | 80.5 % | 98.3 % | |||
Relative net indebtedness % | 50.4 % | 63.6 % | |||
Liquidity | |||||
Quick ratio | 1.5 | 1.3 | |||
Current ratio | 1.5 | 1.3 | |||
Cash and cash equivalents | 0.50 | 0.35 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 41.9 | 35.4 | |||
Net working capital % | 12.0 % | 12.1 % | |||
Credit risk | |||||
Credit rating | A | A | A | AA | AA |
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