A/S LØGSTRUP STEEL — Credit Rating and Financial Key Figures
Credit rating
Company information
About A/S LØGSTRUP STEEL
A/S LØGSTRUP STEEL (CVR number: 15789182) is a company from HELSINGØR. The company reported a net sales of 376.5 mDKK in 2022, demonstrating a growth of 30.7 % compared to the previous year. The operating profit percentage was at 5.1 % (EBIT: 19.1 mDKK), while net earnings were 39.8 mDKK. The profitability of the company measured by Return on Assets (ROA) was 11.1 %, which can be considered good but Return on Equity (ROE) was 17.5 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 53.8 %, 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. A/S LØGSTRUP STEEL's liquidity measured by quick ratio was 1.2 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 financials2018 | 2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 211.86 | 231.93 | 251.58 | 287.96 | 376.45 |
Gross profit | 45.18 | 47.89 | 54.15 | 55.96 | 63.51 |
EBIT | -47.83 | -52.60 | -50.00 | 18.96 | 19.14 |
Net earnings | 14.35 | 17.53 | 27.36 | 37.15 | 39.82 |
Shareholders equity total | 141.70 | 149.15 | 190.79 | 215.49 | 240.10 |
Balance sheet total (assets) | 253.56 | 277.47 | 329.46 | 385.78 | 446.41 |
Net debt | 58.57 | 73.45 | 62.56 | 83.39 | 91.41 |
Profitability | |||||
EBIT-% | -22.6 % | -22.7 % | -19.9 % | 6.6 % | 5.1 % |
ROA | -17.1 % | -16.6 % | -11.9 % | 12.0 % | 11.1 % |
ROE | 10.2 % | 12.1 % | 16.1 % | 18.3 % | 17.5 % |
ROI | -20.0 % | -19.5 % | -14.1 % | 14.3 % | 13.6 % |
Economic value added (EVA) | -41.16 | -44.84 | -43.65 | 7.75 | 7.31 |
Solvency | |||||
Equity ratio | 55.9 % | 53.8 % | 58.0 % | 55.9 % | 53.8 % |
Gearing | 41.4 % | 49.5 % | 32.9 % | 38.8 % | 38.1 % |
Relative net indebtedness % | 46.3 % | 48.6 % | 46.6 % | 51.5 % | 49.1 % |
Liquidity | |||||
Quick ratio | 1.0 | 1.1 | 1.4 | 1.2 | 1.2 |
Current ratio | 1.4 | 1.5 | 1.9 | 1.8 | 1.7 |
Cash and cash equivalents | 0.02 | 0.31 | 0.14 | 0.13 | 0.03 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 86.4 | 86.1 | 78.0 | 75.6 | 59.7 |
Net working capital % | 14.7 % | 16.6 % | 22.8 % | 23.0 % | 21.1 % |
Credit risk | |||||
Credit rating | A | A | A | AAA | AAA |
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