WELCO ECO SHIP AS

5059 BERGEN

Finances

Share Ownership

Return on Equity

17,28 %

Current Ratio

1,33

Debt-to-Equity Ratio

2,39

Key figures (USD)	2022	2021	2020	2019
Revenue	18 035 000	17 756 000	17 396 000	16 545 000
Net Income	3 989 000	2 945 000	3 035 000	2 665 000
Total Assets	89 574 000	89 935 000	90 560 000	92 002 000
Total Equity	23 087 000	24 098 000	21 153 000	18 118 000

Income (USD)	2022	2021	2020	2019
Revenue	18 035 000	17 756 000	17 396 000	16 545 000
Expenditure	10 582 000	11 037 000	10 200 000	9 801 000
Operating Profit	7 452 000	6 719 000	7 197 000	6 744 000
Financial Income	92 000	6 000	26 000	116 000
Financial Costs	3 555 000	3 778 000	4 188 000	4 195 000
Financial Balance	−3 463 000	−3 772 000	−4 162 000	−4 079 000
Earnings Before Tax	3 989 000	2 945 000	3 035 000	2 665 000
Tax	0	0	0	0
Net Income	3 989 000	2 945 000	3 035 000	2 665 000

Balance (USD)	2022	2021	2020	2019
Total Fixed Assets	74 488 000	78 252 000	79 062 000	82 280 000
Total Current Assets	15 086 000	11 683 000	11 499 000	9 722 000
Total Assets	89 574 000	89 935 000	90 560 000	92 002 000
Total Retained Equity	4 983 000	0	3 049 000	14 000
Total Equity	23 087 000	24 098 000	21 153 000	18 118 000
Total Long-Term Debt	55 133 000	59 677 000	63 355 000	67 144 000
Total Current Debt	11 354 000	6 160 000	6 053 000	6 740 000
Total Equity and Debt	89 574 000	89 935 000	90 560 000	92 002 000

Cash flow (USD)	2022	2021	2020	2019
Sales Income	18 035 000	17 756 000	17 396 000	16 545 000
Other Income	0	0	0	0
Revenue	18 035 000	17 756 000	17 396 000	16 545 000
Cost of Goods Sold	408 000	688 000	419 000	401 000
Salary Costs	0	0	0	0
Depreciation	3 765 000	4 019 000	3 873 000	3 443 000
Impairment	0	0	0	0
Expenditure	10 582 000	11 037 000	10 200 000	9 801 000
Operating Profit	7 452 000	6 719 000	7 197 000	6 744 000
Financial Income	92 000	6 000	26 000	116 000
Financial Costs	3 555 000	3 778 000	4 188 000	4 195 000
Financial Balance	−3 463 000	−3 772 000	−4 162 000	−4 079 000
Dividends	0	0	0	1 300 000
Net Income	3 989 000	2 945 000	3 035 000	2 665 000

Balance details (USD)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	74 488 000	78 252 000	79 062 000	82 280 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	74 488 000	78 252 000	79 062 000	82 280 000
Stock	275 000	206 000	204 000	171 000
Total Investments	0	0	0	0
Cash, Bank	13 879 000	10 307 000	11 130 000	9 503 000
Total Current Assets	15 086 000	11 683 000	11 499 000	9 722 000
Total Assets	89 574 000	89 935 000	90 560 000	92 002 000
Total Equity	23 087 000	24 098 000	21 153 000	18 118 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	55 133 000	59 677 000	63 355 000	67 144 000
Creditors	0	0	0	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	1 300 000
Other Current Debt	6 835 000	2 324 000	2 246 000	2 933 000
Total Current Debt	11 354 000	6 160 000	6 053 000	6 740 000
Total Equity and Debt	89 574 000	89 935 000	90 560 000	92 002 000

Financial indicators	2022	2021	2020	2019
Return on Equity	17,28 %	12,22 %	14,35 %	14,71 %
Debt-to-Equity Ratio	2,39	2,48	3	3,71
Operating Profit Margin	41,32 %	37,84 %	41,37 %	40,76 %
Current Ratio	1,33	1,9	1,9	1,44
Quick Ratio	1,36	1,96	1,97	1,48
Equity Ratio	0,26	0,27	0,23	0,2
Gross Profit Margin	97,74 %	96,13 %	97,59 %	97,58 %