Norse Maritime A/S — Credit Rating and Financial Key Figures

CVR number: 42191930
Sundkrogsgade 19, 2100 København Ø
asc@clipper-group.com
tel: 30385018
clipper-group.com

Company information

Official name
Norse Maritime A/S
Established
2021
Company form
Limited company
Industry

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 financials

Gross profit (kUSD)

EBIT (kUSD)

Profitability

Solidity

Key figures (kUSD)

See financials
2023
2024
Volume
Net sales190 033.00239 736.00
Gross profit190 033.00239 736.00
EBIT13 108.0016 702.00
Net earnings14 642.0018 447.00
Shareholders equity total44 768.0063 215.00
Balance sheet total (assets)59 773.0083 405.00
Net debt-38 745.00-44 493.00
Profitability
EBIT-%6.9 %7.0 %
ROA26.7 %27.6 %
ROE32.7 %34.2 %
ROI33.2 %32.7 %
Economic value added (EVA)12 368.0513 543.28
Solvency
Equity ratio81.1 %80.8 %
Gearing7.3 %15.1 %
Relative net indebtedness %-14.2 %-14.1 %
Liquidity
Quick ratio4.64.2
Current ratio4.03.7
Cash and cash equivalents41 999.0054 046.00
Capital use efficiency
Trade debtors turnover (days)12.413.5
Net working capital %23.6 %23.0 %
Credit risk
Credit ratingBBBA

Variable visualization

ROA:27.6%
Rating: 82/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:80.8%
Rating: 60/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Board member
Board member

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