NORDANE SHIPPING A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About NORDANE SHIPPING A/S
NORDANE SHIPPING A/S (CVR number: 63526916) is a company from SVENDBORG. The company recorded a gross profit of 923.9 kDKK in 2023. The operating profit was -64.6 kDKK, while net earnings were 244 kDKK. The profitability of the company measured by Return on Assets (ROA) was 1.4 %, which can be considered weak and Return on Equity (ROE) was 1.2 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 88.3 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. NORDANE SHIPPING A/S's liquidity measured by quick ratio was 8.2 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 (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 1 632.42 | 1 078.14 | 1 273.84 | 1 259.64 | 923.92 |
EBIT | - 457.43 | - 630.40 | - 463.56 | - 652.47 | -64.64 |
Net earnings | -2 045.12 | - 555.65 | 1 323.23 | 1 569.75 | 244.04 |
Shareholders equity total | 18 089.56 | 17 533.91 | 18 857.14 | 20 426.89 | 20 670.93 |
Balance sheet total (assets) | 27 580.22 | 26 940.04 | 27 215.38 | 26 647.07 | 23 459.05 |
Net debt | 3 876.12 | 3 399.76 | 4 608.82 | 4 001.13 | 1 005.63 |
Profitability | |||||
EBIT-% | |||||
ROA | -1.1 % | -1.7 % | 6.6 % | 8.0 % | 1.4 % |
ROE | -10.7 % | -3.1 % | 7.3 % | 8.0 % | 1.2 % |
ROI | -1.1 % | -1.7 % | 6.7 % | 8.2 % | 1.5 % |
Economic value added (EVA) | - 890.52 | - 872.28 | - 658.86 | - 801.29 | - 501.48 |
Solvency | |||||
Equity ratio | 65.6 % | 65.1 % | 69.3 % | 76.7 % | 88.3 % |
Gearing | 23.6 % | 21.2 % | 25.8 % | 24.0 % | 8.0 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 2.8 | 2.8 | 2.8 | 2.4 | 8.2 |
Current ratio | 2.8 | 2.8 | 2.8 | 2.4 | 7.8 |
Cash and cash equivalents | 393.93 | 316.79 | 250.64 | 895.25 | 637.97 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | A | A | AA | AA | A |
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