Marine Fluid Technology A/S — Credit Rating and Financial Key Figures

CVR number: 39732610
Strandvejen 60, 2900 Hellerup
jens.byrgesen@marinefluid.dk
tel: 24769512
www.marinefluid.dk

Credit rating

Company information

Official name
Marine Fluid Technology A/S
Personnel
10 persons
Established
2018
Company form
Limited company
Industry

About Marine Fluid Technology A/S

Marine Fluid Technology A/S (CVR number: 39732610) is a company from GENTOFTE. The company recorded a gross profit of 3846 kEUR in 2023. The operating profit was 3276.1 kEUR, while net earnings were 2571.3 kEUR. The profitability of the company measured by Return on Assets (ROA) was 75.6 %, which can be considered excellent and Return on Equity (ROE) was 81.1 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 76 %, 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. Marine Fluid Technology A/S's liquidity measured by quick ratio was 4 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 (kEUR)

EBIT (kEUR)

Profitability

Solidity

Key figures (kEUR)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit404.23463.21238.222 700.793 845.98
EBIT305.62309.1578.962 441.833 276.12
Net earnings235.38215.0667.861 884.782 571.30
Shareholders equity total288.93437.96270.662 155.444 185.30
Balance sheet total (assets)411.66535.66432.743 346.295 508.44
Net debt- 191.41- 396.82- 156.74-1 383.71-2 853.47
Profitability
EBIT-%
ROA74.2 %65.6 %19.5 %130.0 %75.6 %
ROE81.5 %59.2 %19.2 %155.4 %81.1 %
ROI105.8 %85.4 %24.2 %195.7 %105.2 %
Economic value added (EVA)236.48235.6058.291 901.202 513.11
Solvency
Equity ratio70.2 %81.8 %62.5 %64.4 %76.0 %
Gearing0.0 %0.2 %27.2 %0.5 %0.3 %
Relative net indebtedness %
Liquidity
Quick ratio2.64.71.92.54.0
Current ratio3.35.42.62.84.2
Cash and cash equivalents191.44397.58230.481 394.022 864.15
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:75.6%
Rating: 100/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:76.0%
Rating: 57/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Chairman of the board

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