Airco Process Technology A/S — Credit Rating and Financial Key Figures

CVR number: 41791713
Håndværkervej 23, Erritsø 7000 Fredericia

Credit rating

Company information

Official name
Airco Process Technology A/S
Personnel
61 persons
Established
2020
Domicile
Erritsø
Company form
Limited company
Industry
  • Expand more icon28Manufacture of machinery and equipment n.e.c.

About Airco Process Technology A/S

Airco Process Technology A/S (CVR number: 41791713) is a company from FREDERICIA. The company recorded a gross profit of 127.4 mDKK in 2023. The operating profit was -5333.6 kDKK, while net earnings were -8942 kDKK. The profitability of the company measured by Return on Assets (ROA) was -2.8 %, which can be considered poor and Return on Equity (ROE) was -4.9 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 31.3 %, 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. Airco Process Technology A/S's liquidity measured by quick ratio was 0.7 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2021
2022
2023
Volume
Net sales
Gross profit14 678.3444 311.98127 434.18
EBIT519.25-5 672.59-5 333.58
Net earnings295.34-7 584.46-8 942.00
Shareholders equity total5 295.34-2 289.12-11 231.12
Balance sheet total (assets)26 863.03152 654.23213 324.62
Net debt10 568.1844 263.01122 400.12
Profitability
EBIT-%
ROA2.0 %-6.2 %-2.8 %
ROE5.6 %-9.6 %-4.9 %
ROI2.9 %-11.4 %-4.7 %
Economic value added (EVA)642.02-5 228.00- 182.06
Solvency
Equity ratio19.7 %47.2 %31.3 %
Gearing240.8 %-3507.8 %-1167.7 %
Relative net indebtedness %
Liquidity
Quick ratio0.81.20.7
Current ratio0.81.30.8
Cash and cash equivalents2 180.7336 034.628 749.76
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingABBBA

Variable visualization

ROA:-2.81%
Rating: 17/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:31.3%
Rating: 27/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer
Chairman of the board
Board member

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