Norse Maritime A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Norse Maritime A/S
Norse Maritime A/S (CVR number: 42191930K) is a company from KØBENHAVN. The company reported a net sales of 239.7 mUSD in 2024, demonstrating a growth of 26.2 % compared to the previous year. The operating profit percentage was at 7 % (EBIT: 16.7 mUSD), while net earnings were 18.4 mUSD. The profitability of the company measured by Return on Assets (ROA) was 27.6 %, which can be considered excellent and Return on Equity (ROE) was 34.2 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 80.8 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. Norse Maritime A/S's liquidity measured by quick ratio was 4.2 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 (kUSD)
EBIT (kUSD)
Profitability
Solidity
Key figures (kUSD)
See financials2023 | 2024 | |
---|---|---|
Volume | ||
Net sales | 190 033.00 | 239 736.00 |
Gross profit | 190 033.00 | 239 736.00 |
EBIT | 13 108.00 | 16 702.00 |
Net earnings | 14 642.00 | 18 447.00 |
Shareholders equity total | 44 768.00 | 63 215.00 |
Balance sheet total (assets) | 59 773.00 | 83 405.00 |
Net debt | -38 745.00 | -44 493.00 |
Profitability | ||
EBIT-% | 6.9 % | 7.0 % |
ROA | 26.7 % | 27.6 % |
ROE | 32.7 % | 34.2 % |
ROI | 33.2 % | 32.7 % |
Economic value added (EVA) | 12 368.05 | 13 543.28 |
Solvency | ||
Equity ratio | 81.1 % | 80.8 % |
Gearing | 7.3 % | 15.1 % |
Relative net indebtedness % | -14.2 % | -14.1 % |
Liquidity | ||
Quick ratio | 4.6 | 4.2 |
Current ratio | 4.0 | 3.7 |
Cash and cash equivalents | 41 999.00 | 54 046.00 |
Capital use efficiency | ||
Trade debtors turnover (days) | 12.4 | 13.5 |
Net working capital % | 23.6 % | 23.0 % |
Credit risk | ||
Credit rating | BBB | A |
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