Fortuna Seaside Bulk Carriers A/S — Credit Rating and Financial Key Figures

CVR number: 37992178
Strandvejen 56, 2900 Hellerup

Credit rating

Company information

Official name
Fortuna Seaside Bulk Carriers A/S
Personnel
7 persons
Established
2016
Company form
Limited company
Industry

About Fortuna Seaside Bulk Carriers A/S

Fortuna Seaside Bulk Carriers A/S (CVR number: 37992178) is a company from GENTOFTE. The company recorded a gross profit of 1476.1 kUSD in 2023. The operating profit was -265.8 kUSD, while net earnings were 201.6 kUSD. The profitability of the company measured by Return on Assets (ROA) was 4.4 %, which can be considered decent but Return on Equity (ROE) was 3.8 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 85.4 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. Fortuna Seaside Bulk Carriers A/S's liquidity measured by quick ratio was 6.4 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 (kUSD)

EBIT (kUSD)

Profitability

Solidity

Key figures (kUSD)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit429.005 501.437 975.781 834.761 476.05
EBIT- 216.004 571.696 693.90133.27- 265.75
Net earnings- 299.00416.85201.56
Shareholders equity total2 142.006 627.6710 176.705 416.855 218.41
Balance sheet total (assets)5 115.009 403.8013 327.997 401.116 243.79
Net debt-4 161.19-7 378.07-6 295.35-5 138.02
Profitability
EBIT-%
ROA-3.4 %63.5 %59.1 %3.9 %4.4 %
ROE-8.6 %5.3 %3.8 %
ROI-4.3 %70.8 %74.3 %5.2 %5.7 %
Economic value added (EVA)- 287.793 138.274 716.4025.77- 130.04
Solvency
Equity ratio100.0 %41.9 %43.7 %82.3 %85.4 %
Gearing19.4 %0.0 %
Relative net indebtedness %
Liquidity
Quick ratio2.93.85.66.4
Current ratio3.34.13.55.8
Cash and cash equivalents5 445.037 378.076 295.745 138.02
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBABBBABBB

Variable visualization

ROA:4.44%
Rating: 41/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:85.4%
Rating: 65/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer
Chief executive officer

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