Airco Process Technology A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2021 | 2022 | 2023 | |
---|---|---|---|
Volume | |||
Net sales | |||
Gross profit | 14 678.34 | 44 311.98 | 127 434.18 |
EBIT | 519.25 | -5 672.59 | -5 333.58 |
Net earnings | 295.34 | -7 584.46 | -8 942.00 |
Shareholders equity total | 5 295.34 | -2 289.12 | -11 231.12 |
Balance sheet total (assets) | 26 863.03 | 152 654.23 | 213 324.62 |
Net debt | 10 568.18 | 44 263.01 | 122 400.12 |
Profitability | |||
EBIT-% | |||
ROA | 2.0 % | -6.2 % | -2.8 % |
ROE | 5.6 % | -9.6 % | -4.9 % |
ROI | 2.9 % | -11.4 % | -4.7 % |
Economic value added (EVA) | 642.02 | -5 228.00 | - 182.06 |
Solvency | |||
Equity ratio | 19.7 % | 47.2 % | 31.3 % |
Gearing | 240.8 % | -3507.8 % | -1167.7 % |
Relative net indebtedness % | |||
Liquidity | |||
Quick ratio | 0.8 | 1.2 | 0.7 |
Current ratio | 0.8 | 1.3 | 0.8 |
Cash and cash equivalents | 2 180.73 | 36 034.62 | 8 749.76 |
Capital use efficiency | |||
Trade debtors turnover (days) | |||
Net working capital % | |||
Credit risk | |||
Credit rating | A | BBB | A |
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