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IKEA A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About IKEA A/S
IKEA A/S (CVR number: 50574911K) is a company from Høje-Taastrup. The company reported a net sales of 4347.3 mDKK in 2018, demonstrating a growth of 4.5 % compared to the previous year. The operating profit percentage was at 6.9 % (EBIT: 299.1 mDKK), while net earnings were 216.9 mDKK. The profitability of the company measured by Return on Assets (ROA) was 12.3 %, which can be considered good but Return on Equity (ROE) was 19.5 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 43.9 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. IKEA A/S's liquidity measured by quick ratio was 0.8 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2014 | 2015 | 2016 | 2017 | 2018 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | 3 454.68 | 3 747.20 | 3 998.12 | 4 159.83 | 4 347.30 |
| Gross profit | 890.50 | 1 022.55 | 1 098.02 | 1 182.05 | 1 133.95 |
| EBIT | 180.08 | 271.55 | 364.45 | 399.45 | 299.06 |
| Net earnings | 120.13 | 191.72 | 269.12 | 321.46 | 216.92 |
| Shareholders equity total | 560.25 | 751.97 | 831.10 | 1 152.56 | 1 069.48 |
| Balance sheet total (assets) | 1 999.95 | 2 190.83 | 2 257.18 | 2 458.69 | 2 455.87 |
| Net debt | 662.38 | 450.70 | 658.13 | 568.02 | |
| Profitability | |||||
| EBIT-% | 7.2 % | 9.1 % | 9.6 % | 6.9 % | |
| ROA | 9.5 % | 13.0 % | 16.4 % | 18.3 % | 12.3 % |
| ROE | 24.0 % | 29.2 % | 34.0 % | 32.4 % | 19.5 % |
| ROI | 11.4 % | 15.7 % | 19.9 % | 23.2 % | 16.6 % |
| Economic value added (EVA) | 61.26 | 125.45 | 196.28 | 222.50 | 135.50 |
| Solvency | |||||
| Equity ratio | 28.3 % | 34.6 % | 37.0 % | 46.9 % | 43.9 % |
| Gearing | 191.4 % | 135.5 % | 116.8 % | 60.2 % | 56.9 % |
| Relative net indebtedness % | 40.3 % | 27.9 % | 21.5 % | 30.0 % | 29.0 % |
| Liquidity | |||||
| Quick ratio | 0.3 | 0.6 | 0.9 | 1.1 | 0.8 |
| Current ratio | 0.6 | 0.9 | 1.1 | 1.4 | 0.9 |
| Cash and cash equivalents | 14.02 | 356.77 | 519.64 | 35.99 | 40.90 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | 9.2 | 4.7 | 1.1 | 1.0 | 0.9 |
| Net working capital % | -7.7 % | -1.9 % | 2.1 % | 5.5 % | -1.6 % |
| Credit risk | |||||
| Credit rating | A | A | A | A |
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