API MARINE ApS — Credit Rating and Financial Key Figures

CVR number: 26992435
Troensevej 12, 9220 Aalborg Øst
finance@api-marine.dk

Company information

Official name
API MARINE ApS
Personnel
16 persons
Established
2004
Company form
Private limited company
Industry

About API MARINE ApS

API MARINE ApS (CVR number: 26992435) is a company from AALBORG. The company recorded a gross profit of 9497.8 kDKK in 2023. The operating profit was 963.7 kDKK, while net earnings were 547.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 4.3 %, which can be considered decent and Return on Equity (ROE) was 6.6 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 41.3 %, 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. API MARINE ApS's liquidity measured by quick ratio was 2.8 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 (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit9 150.008 182.007 219.6410 114.349 497.82
EBIT871.00558.00-93.622 021.75963.75
Net earnings322.00209.0022.114 892.30547.77
Shareholders equity total2 860.003 070.003 091.827 984.128 531.88
Balance sheet total (assets)19 198.0019 586.0019 732.5522 830.1922 821.79
Net debt11 579.008 032.003 994.242 415.274 321.35
Profitability
EBIT-%
ROA4.4 %2.9 %0.7 %30.1 %4.3 %
ROE11.7 %7.0 %0.7 %88.3 %6.6 %
ROI5.7 %3.7 %0.9 %38.5 %5.6 %
Economic value added (EVA)432.00146.16- 266.961 394.54245.27
Solvency
Equity ratio25.2 %26.2 %27.4 %37.0 %41.3 %
Gearing414.3 %364.2 %237.5 %55.4 %63.6 %
Relative net indebtedness %
Liquidity
Quick ratio2.11.92.22.02.8
Current ratio2.72.82.82.82.9
Cash and cash equivalents269.003 150.003 349.192 004.391 101.56
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAAAAAA

Variable visualization

ROA:4.34%
Rating: 41/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:41.3%
Rating: 34/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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