Fortuna Seaside Bulk Carriers A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
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 financialsGross profit (kUSD)
EBIT (kUSD)
Profitability
Solidity
Key figures (kUSD)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 429.00 | 5 501.43 | 7 975.78 | 1 834.76 | 1 476.05 |
EBIT | - 216.00 | 4 571.69 | 6 693.90 | 133.27 | - 265.75 |
Net earnings | - 299.00 | 416.85 | 201.56 | ||
Shareholders equity total | 2 142.00 | 6 627.67 | 10 176.70 | 5 416.85 | 5 218.41 |
Balance sheet total (assets) | 5 115.00 | 9 403.80 | 13 327.99 | 7 401.11 | 6 243.79 |
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) | - 287.79 | 3 138.27 | 4 716.40 | 25.77 | - 130.04 |
Solvency | |||||
Equity ratio | 100.0 % | 41.9 % | 43.7 % | 82.3 % | 85.4 % |
Gearing | 19.4 % | 0.0 % | |||
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 2.9 | 3.8 | 5.6 | 6.4 | |
Current ratio | 3.3 | 4.1 | 3.5 | 5.8 | |
Cash and cash equivalents | 5 445.03 | 7 378.07 | 6 295.74 | 5 138.02 | |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BB | A | BBB | A | BBB |
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