CARLSBERG DANMARK A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About CARLSBERG DANMARK A/S
CARLSBERG DANMARK A/S (CVR number: 25508386) is a company from KØBENHAVN. The company reported a net sales of 4919.4 mDKK in 2023, demonstrating a growth of 9.3 % compared to the previous year. The operating profit percentage was at 10.6 % (EBIT: 523.1 mDKK), while net earnings were 436.4 mDKK. The profitability of the company measured by Return on Assets (ROA) was 23.7 %, which can be considered excellent and Return on Equity (ROE) was 56.5 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 33.1 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. CARLSBERG DANMARK A/S's liquidity measured by quick ratio was 1.5 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 4 741.18 | 3 489.68 | 3 920.74 | 4 502.76 | 4 919.36 |
Gross profit | 1 769.92 | 1 375.11 | 1 586.11 | 1 700.07 | 1 846.35 |
EBIT | 273.40 | 323.18 | 418.71 | 431.50 | 523.09 |
Net earnings | 204.55 | 253.02 | 268.56 | 330.50 | 436.45 |
Shareholders equity total | 548.66 | 641.68 | 657.22 | 719.15 | 825.11 |
Balance sheet total (assets) | 1 920.83 | 1 847.20 | 2 039.65 | 2 326.65 | 2 494.09 |
Net debt | 521.51 | 443.71 | 450.90 | 592.89 | 597.97 |
Profitability | |||||
EBIT-% | 5.8 % | 9.3 % | 10.7 % | 9.6 % | 10.6 % |
ROA | 14.1 % | 17.2 % | 21.5 % | 20.0 % | 23.7 % |
ROE | 31.6 % | 42.5 % | 41.4 % | 48.0 % | 56.5 % |
ROI | 22.1 % | 27.5 % | 35.5 % | 34.0 % | 39.8 % |
Economic value added (EVA) | 172.10 | 236.66 | 244.81 | 303.95 | 371.38 |
Solvency | |||||
Equity ratio | 28.6 % | 34.7 % | 32.2 % | 30.9 % | 33.1 % |
Gearing | 95.1 % | 69.2 % | 68.6 % | 82.4 % | 72.5 % |
Relative net indebtedness % | 26.7 % | 31.9 % | 33.4 % | 34.1 % | 32.6 % |
Liquidity | |||||
Quick ratio | 1.3 | 1.5 | 1.4 | 1.4 | 1.5 |
Current ratio | 1.4 | 1.5 | 1.4 | 1.4 | 1.5 |
Cash and cash equivalents | 0.18 | 0.17 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 18.1 | 18.8 | 18.8 | 15.3 | 25.3 |
Net working capital % | 9.8 % | 16.0 % | 14.8 % | 14.2 % | 15.3 % |
Credit risk | |||||
Credit rating | AA | AA | A | A | A |
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