XO SHIPPING A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About XO SHIPPING A/S
XO SHIPPING A/S (CVR number: 33080212K) is a company from GENTOFTE. The company reported a net sales of 623 mUSD in 2024, demonstrating a growth of 11.7 % compared to the previous year. The operating profit percentage was at 0.2 % (EBIT: 1.5 mUSD), while net earnings were -1069.1 kUSD. The profitability of the company measured by Return on Assets (ROA) was 5.7 %, which can be considered decent but Return on Equity (ROE) was -2.8 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 44.3 %, 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.
Financial information
See financialsNet sales (mUSD)
EBIT (mUSD)
Profitability
Solidity
Key figures (mUSD)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 232.31 | 793.65 | 831.90 | 557.72 | 622.98 |
Gross profit | 232.31 | 793.65 | 831.90 | 10.85 | 6.72 |
EBIT | 9.50 | 49.31 | 20.95 | 4.01 | 1.51 |
Net earnings | 7.10 | 46.04 | 16.00 | 2.80 | -1.07 |
Shareholders equity total | 15.10 | 56.64 | 55.64 | 39.24 | 37.30 |
Balance sheet total (assets) | 33.55 | 125.84 | 114.79 | 84.32 | 84.11 |
Net debt | -26.74 | -19.61 | |||
Profitability | |||||
EBIT-% | 4.1 % | 6.2 % | 2.5 % | 0.7 % | 0.2 % |
ROA | 29.4 % | 61.9 % | 17.4 % | 6.2 % | 5.7 % |
ROE | 71.2 % | 128.3 % | 28.5 % | 5.9 % | -2.8 % |
ROI | 29.4 % | 61.9 % | 17.4 % | 8.0 % | 12.6 % |
Economic value added (EVA) | 9.26 | 48.55 | 18.11 | 0.05 | -0.90 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 46.5 % | 44.3 % |
Gearing | |||||
Relative net indebtedness % | 3.3 % | 4.4 % | |||
Liquidity | |||||
Quick ratio | 1.4 | 1.4 | |||
Current ratio | 1.9 | 1.8 | |||
Cash and cash equivalents | 26.74 | 19.61 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 13.0 | 17.3 | |||
Net working capital % | 7.0 % | 6.0 % | |||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BBB | BBB |
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