OCEAN SHIPPING ApS — Credit Rating and Financial Key Figures

CVR number: 26919517
Stationsvej 83, Holme-Olstrup 4684 Holmegaard

Credit rating

Company information

Official name
OCEAN SHIPPING ApS
Established
2002
Domicile
Holme-Olstrup
Company form
Private limited company
Industry

About OCEAN SHIPPING ApS

OCEAN SHIPPING ApS (CVR number: 26919517) is a company from NÆSTVED. The company recorded a gross profit of 114 kDKK in 2023. The operating profit was 101.4 kDKK, while net earnings were 70.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 8.2 %, which can be considered good and Return on Equity (ROE) was 9.2 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 64.5 %, 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. OCEAN SHIPPING ApS's liquidity measured by quick ratio was 0.3 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.

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 profit113.8176.4392.296.62114.03
EBIT105.4868.0953.85-6.02101.38
Net earnings66.3041.2432.03-10.0570.44
Shareholders equity total670.31711.56743.59733.53803.97
Balance sheet total (assets)1 266.021 246.031 238.241 237.301 247.24
Net debt-3.70-15.29-24.87-29.61-71.45
Profitability
EBIT-%
ROA8.1 %5.4 %4.3 %-0.5 %8.2 %
ROE10.4 %6.0 %4.4 %-1.4 %9.2 %
ROI11.4 %7.9 %6.9 %-0.8 %13.2 %
Economic value added (EVA)54.4819.617.02-39.6843.70
Solvency
Equity ratio52.9 %57.1 %60.1 %59.3 %64.5 %
Gearing
Relative net indebtedness %
Liquidity
Quick ratio0.30.20.20.20.3
Current ratio0.30.20.20.20.3
Cash and cash equivalents3.7015.2924.8729.6171.45
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:8.18%
Rating: 52/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:64.5%
Rating: 49/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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