Credit rating
Company information
About KIRK SHIPPING A/S
KIRK SHIPPING A/S (CVR number: 31851998) is a company from VEJLE. The company recorded a gross profit of -9 kUSD in 2023. The operating profit was -9 kUSD, while net earnings were 9 kUSD. The profitability of the company measured by Return on Assets (ROA) was 2.4 %, which can be considered weak and Return on Equity (ROE) was 0.7 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 57.7 %, 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. KIRK 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 financialsGross profit (kUSD)
EBIT (kUSD)
Profitability
Solidity
Key figures (kUSD)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | -22.00 | -19.00 | -10.00 | -9.00 | -9.00 |
EBIT | -22.00 | -19.00 | -10.00 | -9.00 | -9.00 |
Net earnings | -97.00 | 2.00 | -29.00 | 879.00 | 9.00 |
Shareholders equity total | 390.00 | 392.00 | 363.00 | 1 242.00 | 1 251.00 |
Balance sheet total (assets) | 1 541.00 | 1 354.00 | 1 311.00 | 2 166.00 | 2 169.00 |
Net debt | 1 129.00 | 938.00 | 947.00 | 908.00 | 915.00 |
Profitability | |||||
EBIT-% | |||||
ROA | -4.8 % | 1.0 % | -2.9 % | 50.3 % | 2.4 % |
ROE | -6.2 % | 0.5 % | -7.7 % | 109.5 % | 0.7 % |
ROI | -4.8 % | 1.0 % | -2.9 % | 50.4 % | 2.4 % |
Economic value added (EVA) | -39.97 | 26.46 | 21.84 | 21.90 | -26.03 |
Solvency | |||||
Equity ratio | 25.3 % | 29.0 % | 27.7 % | 57.3 % | 57.7 % |
Gearing | 292.6 % | 242.3 % | 260.9 % | 74.2 % | 73.3 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 0.3 | 0.4 | 0.4 | 1.4 | 1.4 |
Current ratio | 0.3 | 0.4 | 0.4 | 1.4 | 1.4 |
Cash and cash equivalents | 12.00 | 12.00 | 14.00 | 2.00 | |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BB | BB | BB | BBB | BB |
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