Credit rating
Company information
About TOPDANMARK EDB A/S
TOPDANMARK EDB A/S (CVR number: 10275180) is a company from BALLERUP. The company reported a net sales of 358.6 mDKK in 2023, demonstrating a decline of -0.5 % compared to the previous year. The operating profit percentage was at 2.3 % (EBIT: 8.3 mDKK), while net earnings were 8267 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3.5 %, which can be considered weak and Return on Equity (ROE) was 2.8 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 89.6 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. TOPDANMARK EDB A/S's liquidity measured by quick ratio was 5.6 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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 364.81 | 353.43 | 329.53 | 360.25 | 358.56 |
Gross profit | 6.38 | 6.00 | 6.07 | 6.22 | 11.41 |
EBIT | 3.32 | 2.92 | 3.02 | 3.19 | 8.32 |
Net earnings | 2.22 | 2.07 | 2.45 | 3.08 | 8.27 |
Shareholders equity total | 284.36 | 286.43 | 288.88 | 291.97 | 300.23 |
Balance sheet total (assets) | 315.75 | 308.33 | 316.38 | 320.26 | 335.21 |
Net debt | 1.30 | 5.68 | 10.88 | 12.29 | 10.33 |
Profitability | |||||
EBIT-% | 0.9 % | 0.8 % | 0.9 % | 0.9 % | 2.3 % |
ROA | 1.1 % | 1.0 % | 1.0 % | 1.1 % | 3.5 % |
ROE | 0.8 % | 0.7 % | 0.9 % | 1.1 % | 2.8 % |
ROI | 1.1 % | 1.0 % | 1.0 % | 1.2 % | 3.7 % |
Economic value added (EVA) | -6.14 | -6.00 | -7.20 | -8.66 | -6.47 |
Solvency | |||||
Equity ratio | 90.1 % | 92.9 % | 91.3 % | 91.2 % | 89.6 % |
Gearing | 1.3 % | 2.9 % | 4.3 % | 4.8 % | 3.5 % |
Relative net indebtedness % | 5.3 % | 4.6 % | 7.9 % | 7.4 % | 9.7 % |
Liquidity | |||||
Quick ratio | 6.0 | 7.8 | 7.6 | 9.1 | 5.6 |
Current ratio | 6.1 | 7.8 | 7.6 | 9.2 | 5.6 |
Cash and cash equivalents | 2.33 | 2.76 | 1.56 | 1.67 | 0.18 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | 29.9 % | 36.7 % | 55.4 % | 64.3 % | 45.3 % |
Credit risk | |||||
Credit rating | A | A | A | A | AA |
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