BAY SHIPPING A/S — Credit Rating and Financial Key Figures

CVR number: 11822606
Malaccavej 1, 8000 Aarhus C

Credit rating

Company information

Official name
BAY SHIPPING A/S
Personnel
2 persons
Established
1987
Company form
Limited company
Industry
  • Expand more icon52Warehousing and support activities for transportation

About BAY SHIPPING A/S

BAY SHIPPING A/S (CVR number: 11822606) is a company from AARHUS. The company recorded a gross profit of 11.9 mDKK in 2023. The operating profit was 10.4 mDKK, while net earnings were 8147.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 106.5 %, which can be considered excellent and Return on Equity (ROE) was 127 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 64.8 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. BAY SHIPPING A/S'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
20192020202120222023
Volume
Net sales
Gross profit4 707.003 531.156 000.853 626.4111 875.32
EBIT1 628.121 433.824 046.052 407.8010 371.89
Net earnings1 614.571 625.605 153.022 783.528 147.35
Shareholders equity total2 618.823 244.426 897.434 180.958 647.35
Balance sheet total (assets)5 962.165 998.199 705.216 501.4513 341.05
Net debt-4 547.72-2 063.77-5 344.90-2 242.84-7 139.51
Profitability
EBIT-%
ROA29.4 %33.4 %77.9 %41.3 %106.5 %
ROE54.5 %55.5 %101.6 %50.3 %127.0 %
ROI69.5 %62.0 %113.6 %59.1 %150.2 %
Economic value added (EVA)1 286.011 226.273 135.181 899.058 055.44
Solvency
Equity ratio43.9 %54.1 %72.2 %64.3 %64.8 %
Gearing18.2 %0.6 %4.7 %12.1 %
Relative net indebtedness %
Liquidity
Quick ratio1.82.14.22.22.8
Current ratio1.82.13.92.22.8
Cash and cash equivalents4 547.722 653.055 385.662 439.658 188.12
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAAAAAA

Variable visualization

ROA:106.5%
Rating: 100/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:64.8%
Rating: 50/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Companies in the same industry

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