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

BAY SHIPPING A/S (CVR number: 11822606) is a company from AARHUS. The company recorded a gross profit of 5607.4 kDKK in 2024. The operating profit was 3726.8 kDKK, while net earnings were 3380.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 34 %, which can be considered excellent and Return on Equity (ROE) was 53.8 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 37.2 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. BAY SHIPPING A/S's liquidity measured by quick ratio was 1.6 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.