XO SHIPPING A/S — Credit Rating and Financial Key Figures

XO SHIPPING A/S (CVR number: 33080212K) is a company from GENTOFTE. The company reported a net sales of 557.7 mUSD in 2023, demonstrating a decline of -33 % compared to the previous year. The operating profit percentage was at 0.7 % (EBIT: 4 mUSD), while net earnings were 2799.3 kUSD. The profitability of the company measured by Return on Assets (ROA) was 6.7 %, which can be considered decent and Return on Equity (ROE) was 5.9 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 46.5 %, 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. XO SHIPPING A/S's liquidity measured by quick ratio was 1.4 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.