GEARBULK SHIPPING AS

5258 BLOMSTERDALEN

Finances

Share Ownership

Return on Equity

8 113,26 %

Current Ratio

0,75

Debt-to-Equity Ratio

52,89

Key figures (USD)	2022	2021	2020	2019
Revenue	72 289 000	43 853 000	25 787 000	26 801 000
Net Income	41 621 000	12 568 000	3 771 000	4 528 000
Total Assets	83 368 000	58 330 000	55 424 000	55 241 000
Total Equity	513 000	513 000	1 273 000	5 044 000

Income (USD)	2022	2021	2020	2019
Revenue	72 289 000	43 853 000	25 787 000	26 801 000
Expenditure	28 380 000	28 352 000	19 105 000	19 102 000
Operating Profit	43 909 000	15 500 000	6 683 000	7 699 000
Financial Income	665 000	143 000	765 000	470 000
Financial Costs	2 953 000	3 075 000	3 676 000	3 623 000
Financial Balance	−2 288 000	−2 932 000	−2 911 000	−3 153 000
Earnings Before Tax	41 621 000	12 568 000	3 771 000	4 546 000
Tax	0	0	0	18 000
Net Income	41 621 000	12 568 000	3 771 000	4 528 000

Balance (USD)	2022	2021	2020	2019
Total Fixed Assets	41 656 000	43 006 000	43 030 000	46 035 000
Total Current Assets	41 712 000	15 324 000	12 394 000	9 206 000
Total Assets	83 368 000	58 330 000	55 424 000	55 241 000
Total Retained Equity	0	0	0	3 771 000
Total Equity	513 000	513 000	1 273 000	5 044 000
Total Long-Term Debt	27 134 000	36 547 000	38 429 000	41 955 000
Total Current Debt	55 721 000	21 269 000	15 721 000	8 242 000
Total Equity and Debt	83 368 000	58 330 000	55 424 000	55 241 000

Cash flow (USD)	2022	2021	2020	2019
Sales Income	64 395 000	0	0	26 801 000
Other Income	7 894 000	43 853 000	25 787 000	0
Revenue	72 289 000	43 853 000	25 787 000	26 801 000
Cost of Goods Sold	0	6 612 000	5 844 000	0
Salary Costs	0	18 175 000	9 841 000	0
Depreciation	2 638 000	2 294 000	3 005 000	3 309 000
Impairment	0	0	0	0
Expenditure	28 380 000	28 352 000	19 105 000	19 102 000
Operating Profit	43 909 000	15 500 000	6 683 000	7 699 000
Financial Income	665 000	143 000	765 000	470 000
Financial Costs	2 953 000	3 075 000	3 676 000	3 623 000
Financial Balance	−2 288 000	−2 932 000	−2 911 000	−3 153 000
Dividends	41 621 000	13 841 000	3 843 000	0
Net Income	41 621 000	12 568 000	3 771 000	4 528 000

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	41 656 000	43 006 000	43 030 000	46 035 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	41 656 000	43 006 000	43 030 000	46 035 000
Stock	1 057 000	235 000	162 000	146 000
Total Investments	0	0	0	0
Cash, Bank	38 092 000	13 360 000	1 038 000	1 605 000
Total Current Assets	41 712 000	15 324 000	12 394 000	9 206 000
Total Assets	83 368 000	58 330 000	55 424 000	55 241 000
Total Equity	513 000	513 000	1 273 000	5 044 000
Short-Term Group Debt	48 785 000	0	0	0
Total Long-Term Debt	27 134 000	36 547 000	38 429 000	41 955 000
Creditors	0	587 000	516 000	103 000
Unpaid Taxes	0	0	0	0
Dividends	41 621 000	13 841 000	3 843 000	0
Other Current Debt	6 917 000	16 875 000	10 636 000	8 098 000
Total Current Debt	55 721 000	21 269 000	15 721 000	8 242 000
Total Equity and Debt	83 368 000	58 330 000	55 424 000	55 241 000

Financial indicators	2022	2021	2020	2019
Return on Equity	8 113,26 %	2 449,9 %	296,23 %	89,77 %
Debt-to-Equity Ratio	52,89	71,24	30,19	8,32
Operating Profit Margin	60,74 %	35,35 %	25,92 %	28,73 %
Current Ratio	0,75	0,72	0,79	1,12
Quick Ratio	0,76	0,73	0,8	1,14
Equity Ratio	0,01	0,01	0,02	0,09
Gross Profit Margin	100 %	84,92 %	77,34 %	100 %