Credit rating
Company information
About the company
OLUF BRØNNUMS FOND (CVR number: 11674143K) is a company from HERLEV. The company reported a net sales of 484 mDKK in 2023, demonstrating a growth of 3.5 % compared to the previous year. The operating profit percentage was at 4.5 % (EBIT: 21.7 mDKK), while net earnings were 16.2 mDKK. The profitability of the company measured by Return on Assets (ROA) was 10.2 %, which can be considered good but Return on Equity (ROE) was 22.6 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 63.6 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. OLUF BRØNNUMS FOND's liquidity measured by quick ratio was 1.6 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 financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 360.81 | 324.94 | 354.40 | 467.41 | 483.98 |
Gross profit | 72.95 | 69.13 | 72.39 | 96.10 | 118.51 |
EBIT | 5.89 | 0.67 | 1.55 | 13.07 | 21.70 |
Net earnings | 3.74 | 0.77 | 0.90 | 9.41 | 16.20 |
Shareholders equity total | 112.82 | 111.71 | 111.63 | 120.24 | 134.51 |
Balance sheet total (assets) | 161.34 | 164.07 | 171.17 | 209.49 | 224.30 |
Net debt | -22.85 | -34.47 | -22.16 | -4.10 | -27.57 |
Profitability | |||||
EBIT-% | 1.6 % | 0.2 % | 0.4 % | 2.8 % | 4.5 % |
ROA | 4.5 % | 1.0 % | 1.3 % | 7.2 % | 10.2 % |
ROE | 5.8 % | 1.2 % | 1.4 % | 14.2 % | 22.6 % |
ROI | 6.4 % | 1.5 % | 2.0 % | 11.1 % | 16.3 % |
Economic value added (EVA) | 0.41 | -4.09 | -2.98 | 5.54 | 11.82 |
Solvency | |||||
Equity ratio | 69.9 % | 68.1 % | 71.6 % | 60.3 % | 63.6 % |
Gearing | 0.2 % | 0.1 % | 0.3 % | 11.5 % | 0.2 % |
Relative net indebtedness % | 6.9 % | 5.5 % | 10.5 % | 15.2 % | 12.7 % |
Liquidity | |||||
Quick ratio | 1.7 | 1.9 | 2.0 | 1.3 | 1.6 |
Current ratio | 3.1 | 3.0 | 2.6 | 2.2 | 2.4 |
Cash and cash equivalents | 23.04 | 34.57 | 22.46 | 17.89 | 27.82 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 59.5 | 61.4 | 57.3 | 53.3 | 61.0 |
Net working capital % | 24.8 % | 27.2 % | 22.0 % | 20.7 % | 21.0 % |
Credit risk | |||||
Credit rating | A | A | A | AA | AA |
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