ELTRONIC A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About ELTRONIC A/S
ELTRONIC A/S (CVR number: 17024280) is a company from HEDENSTED. The company reported a net sales of 528.3 mDKK in 2024, demonstrating a growth of 50.5 % compared to the previous year. The operating profit percentage was at 8.4 % (EBIT: 44.2 mDKK), while net earnings were 35 mDKK. The profitability of the company measured by Return on Assets (ROA) was 20 %, which can be considered excellent and Return on Equity (ROE) was 58.8 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 34.7 %, 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. ELTRONIC A/S's liquidity measured by quick ratio was 1.8 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 134.34 | 157.39 | 238.71 | 351.08 | 528.34 |
Gross profit | 95.75 | 88.67 | 115.81 | 168.69 | 242.58 |
EBIT | 5.59 | 10.88 | 15.19 | 23.69 | 44.21 |
Net earnings | 4.94 | 8.58 | 12.51 | 17.76 | 34.98 |
Shareholders equity total | 19.14 | 27.77 | 34.28 | 42.04 | 77.02 |
Balance sheet total (assets) | 100.81 | 74.90 | 137.71 | 187.25 | 266.96 |
Net debt | 3.82 | -0.62 | |||
Profitability | |||||
EBIT-% | 4.2 % | 6.9 % | 6.4 % | 6.7 % | 8.4 % |
ROA | 4.0 % | 12.4 % | 14.3 % | 14.6 % | 20.0 % |
ROE | 14.7 % | 36.6 % | 40.3 % | 46.5 % | 58.8 % |
ROI | 5.7 % | 12.4 % | 14.3 % | 25.0 % | 66.7 % |
Economic value added (EVA) | 3.80 | 9.92 | 13.79 | 16.75 | 32.67 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 29.2 % | 34.7 % |
Gearing | 9.1 % | 0.4 % | |||
Relative net indebtedness % | 39.7 % | 34.4 % | |||
Liquidity | |||||
Quick ratio | 1.4 | 1.8 | |||
Current ratio | 1.4 | 1.5 | |||
Cash and cash equivalents | 0.01 | 0.96 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 94.1 | 35.8 | |||
Net working capital % | 13.3 % | 16.9 % | |||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BBB | A |
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