GODSKE GROUP A/S
Credit rating
Company information
About GODSKE GROUP A/S
GODSKE GROUP A/S (CVR number: 13238006K) is a company from HERNING. The company reported a net sales of 414 mDKK in 2023, demonstrating a growth of 14 % compared to the previous year. The operating profit percentage was at 0.7 % (EBIT: 3.1 mDKK), while net earnings were 1579 kDKK. The profitability of the company measured by Return on Assets (ROA) was 2.2 %, which can be considered weak and Return on Equity (ROE) was 1.8 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 44.2 %, 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. GODSKE GROUP A/S'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 financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 357.19 | 278.19 | 241.53 | 363.05 | 413.96 |
Gross profit | 100.68 | 66.05 | 64.24 | 84.78 | 93.02 |
EBIT | 20.19 | -13.54 | -8.22 | 0.68 | 3.06 |
Net earnings | 15.24 | -13.29 | -6.97 | -1.58 | 1.58 |
Shareholders equity total | 108.73 | 93.17 | 89.22 | 85.92 | 88.51 |
Balance sheet total (assets) | 209.06 | 193.53 | 181.82 | 234.33 | 200.28 |
Net debt | 20.46 | 15.29 | 4.99 | 63.91 | 42.65 |
Profitability | |||||
EBIT-% | 5.7 % | -4.9 % | -3.4 % | 0.2 % | 0.7 % |
ROA | 12.8 % | -6.1 % | -1.8 % | 2.1 % | 2.2 % |
ROE | 13.4 % | -13.2 % | -7.6 % | -1.8 % | 1.8 % |
ROI | 16.3 % | -8.2 % | -2.7 % | 3.0 % | 3.0 % |
Economic value added (EVA) | 11.89 | -14.44 | -12.94 | -2.54 | -1.36 |
Solvency | |||||
Equity ratio | 52.1 % | 48.2 % | 49.1 % | 36.7 % | 44.2 % |
Gearing | 51.8 % | 46.4 % | 34.9 % | 91.0 % | 72.7 % |
Relative net indebtedness % | 18.0 % | 26.0 % | 27.5 % | 36.9 % | 21.8 % |
Liquidity | |||||
Quick ratio | 1.4 | 1.3 | 1.2 | 0.8 | 1.2 |
Current ratio | 1.8 | 1.7 | 1.7 | 1.5 | 1.6 |
Cash and cash equivalents | 35.90 | 27.90 | 26.15 | 14.28 | 21.70 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 98.5 | 118.8 | 107.0 | 91.8 | 83.3 |
Net working capital % | 22.8 % | 24.5 % | 28.3 % | 18.5 % | 17.2 % |
Credit risk | |||||
Credit rating | AA | BBB | BBB | A | A |
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