Philly Shipyard AS
Voluntary liquidation registered 20 February 2025 in the Central Coordinating Register. Bankruptcies
Score · fiscal year 2023
Not enough data: Bankrupt or being wound up
Based on the annual accounts for 2023
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating margin | – | 15.8% |
| Profit margin | – | 11.2% |
| Return on assets | −0.9% | 9.4% |
| Equity ratio | 55.5% | 39.6% |
| Debt-to-equity | 0.80 | 1.30 |
| Current ratio | 0.66 | 1.61 |
| Revenue growth | – | 26.4% |
The median and “ahead of” refer to companies in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
Score over time
Score over time needs at least two fiscal years with a score. It will appear when next year's figures are fetched or history is imported.
What the numbers say
Philly Shipyard AS had an equity ratio of 55.5% in 2023. The company is not ranked: bankrupt or being wound up.
This text is generated automatically from the 2023 accounts.
Three simple methods
One method gives a figure: 37 MUSD.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 37 MUSD |
A mechanical estimate from public accounts, not advice. Mechanical estimate from public accounts with fixed multiples. Not a valuation and not advice to buy or sell. The multiples are provisional default values and must be adjusted per sector before the figures are used for anything. See the calculation
Worth a closer look
- watch
Consider strengthening liquidity: current liabilities are 1.5 times current assets.
Based on: Current ratio 0.66 (median 1.61).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin – (median 11.2%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 4.0% of the debt in 2023. The policy rate averaged 3.54 % the same year. This is a plain description of what the debt cost, not a model of interest sensitivity.
See interest rates, prices and exchange rates for the sector
Data quality
- watch Revenue not reported
- watch No revenue but large assets
- watch Reports in a currency other than NOK
Scenario analysis: the sector's weakest year
We have no accounts for 2026, the sector's weakest year, for this company.
The sector's weakest year was 2026, with a median operating margin of 6.1%. Based on the 7 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
Questions and answers
How profitable is Philly Shipyard AS?
The operating margin was – in 2023, against a median of 15.8% among companies in the same sector. Return on assets was −0.9%. The company made a loss before tax.
How solid is Philly Shipyard AS?
The equity ratio was 55.5% in 2023 (median 39.6%). Debt-to-equity was 0.80 (median 1.30).
What is the liquidity of Philly Shipyard AS like?
The current ratio was 0.66 in 2023 (median 1.61). Current assets did not cover current liabilities.
Group accounts · 2024
The group has no rank: the parent company is not active.
- Operating revenue, group
- 0 MUSD
- ≈ 0 MNOK at Norges Bank's rate for the period
- Operating profit, group
- −1 MUSD
- ≈ −6 MNOK at Norges Bank's rate for the period
- Profit before tax, group
- 0 MUSD
- ≈ −4 MNOK at Norges Bank's rate for the period
- Total assets, group
- 98 MUSD
- ≈ 1,114 MNOK at Norges Bank's rate for the period
- Equity, group
- 96 MUSD
- ≈ 1,094 MNOK at Norges Bank's rate for the period
The group accounts are in USD. Amounts are shown in USD, with NOK below. Ratios are computed in USD.
| Key figure | The group | The company alone (2023) |
|---|---|---|
| Operating margin | – | – |
| Return on assets | −0.3% | – |
| Equity ratio | 98.2% | – |
| Current ratio | 49.87 | – |
| Revenue growth | −100.0% | – |
Group index in earlier years: 2023: –.
Same formulas and weights as the company index. Group and company are never added together, and the group accounts are not part of sector averages or company rankings.
Source: Brønnøysund Register Centre, group accounts 2024 (open data, NLOD 2.0).
Read the figures with care: a company in a group can look strong because of group contributions, or weak because dividends go up to the parent. The figures are indications, not the full picture.
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 991851526
- Legal form
- AS · part of a group
- Sector
- Sjøfart (50.203)
- Employees
- 0–4 (not registered)
- Founded
- 16 October 2007 19 years in operation
- Share capital
- 125.75 MNOK
- Business address
- Bygdøy allé 2, 0257 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- Latest accounts filed
- 2025
- LEI
- 549300HMTSHZZD4YR890 not renewed (lapsed)
Source: Central Coordinating Register, Brønnøysund Register Centre. The employee count is reported by the company and may be older than the accounts. See the company at the Brønnøysund Register Centre
Ownership and roles
Roles have not been fetched yet.
Owners and shareholdings will appear here once the shareholder data extract is in place.
Coming · not built yet
Error in the data?
Do you see an error in the figures or in how the company is mapped (sector, holding, group)? Let us know. Corrections require documentation.
Figures last fetched 29 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | – | – | – | |
| Rank | – | – | – | |
| Operating margin | – | – | – | |
| Return on assets | −0.9% | 61.4% | 5.8% | |
| Equity ratio | 55.5% | 23.2% | 99.6% | |
| Current ratio | 0.66 | 1.17 | 39.36 | |
| Revenue growth | – | – | – |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (USD).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | – | 0.0 MUSD | – |
| Operating profit | −0.7 MUSD | −0.6 MUSD | −1.5 MNOK |
| Profit before tax | −1.8 MUSD | 59.0 MUSD | −0.4 MNOK |
| Net profit | −1.8 MUSD | 59.0 MUSD | −0.4 MNOK |
| Financial expenses | 1.2 MUSD | 1.2 MUSD | 1.1 MNOK |
| Total assets | 67.2 MUSD | 98.1 MUSD | 11.9 MNOK |
| Current assets | 0.2 MUSD | 88.1 MUSD | 1.7 MNOK |
| Equity | 37.3 MUSD | 22.7 MUSD | 11.9 MNOK |
| Retained earnings | 2.1 MUSD | – | 11.9 MNOK |
| Total liabilities | 29.9 MUSD | 75.4 MUSD | 0.0 MNOK |
| Current liabilities | 0.3 MUSD | 75.4 MUSD | 0.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 29 October 2026, accounts id 5389789.