ELWORKS A/S — Credit Rating and Financial Key Figures

CVR number: 58585610
Knivholtvej 13, 9900 Frederikshavn
lhc@elworks.dk
tel: 96203101

Credit rating

Company information

Official name
ELWORKS A/S
Personnel
14 persons
Established
1976
Company form
Limited company
Industry
  • Expand more icon46Wholesale trade, except of motor vehicles and motorcycles

About ELWORKS A/S

ELWORKS A/S (CVR number: 58585610) is a company from FREDERIKSHAVN. The company recorded a gross profit of 16.8 mDKK in 2024. The operating profit was 6281.2 kDKK, while net earnings were 4543.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 13.4 %, which can be considered good but Return on Equity (ROE) was 15.2 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 55.6 %, 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. ELWORKS 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
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit19 623.0017 929.007 260.2412 759.1216 752.50
EBIT9 317.006 377.00-3 968.931 980.186 281.22
Net earnings7 132.004 933.00-3 224.041 270.384 543.84
Shareholders equity total39 228.0039 161.0031 437.0832 707.4627 251.31
Balance sheet total (assets)54 415.0050 896.0059 799.4345 077.0249 043.68
Net debt12 858.19-2 354.365 969.09
Profitability
EBIT-%
ROA16.6 %12.1 %-7.2 %3.8 %13.4 %
ROE18.7 %12.6 %-9.1 %4.0 %15.2 %
ROI24.3 %16.1 %-8.4 %4.2 %15.2 %
Economic value added (EVA)7 237.044 959.46-3 141.51613.743 814.88
Solvency
Equity ratio36.0 %38.5 %52.6 %72.6 %55.6 %
Gearing75.3 %21.9 %56.6 %
Relative net indebtedness %
Liquidity
Quick ratio3.44.10.61.30.7
Current ratio3.44.12.03.42.0
Cash and cash equivalents10 804.779 523.569 468.74
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAABBBAA

Variable visualization

ROA:13.4%
Rating: 64/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:55.6%
Rating: 44/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Board member

Companies in the same industry

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