IDAVANG A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About IDAVANG A/S
IDAVANG A/S (CVR number: 20956143K) is a company from VEJLE. The company reported a net sales of 142.3 mEUR in 2023, demonstrating a growth of 23.5 % compared to the previous year. The operating profit percentage was at 8.2 % (EBIT: 11.6 mEUR), while net earnings were 792 kEUR. The profitability of the company measured by Return on Assets (ROA) was 8.7 %, which can be considered good but Return on Equity (ROE) was 1.5 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 36.3 %, 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. IDAVANG A/S's liquidity measured by quick ratio was 3 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 (mEUR)
EBIT (mEUR)
Profitability
Solidity
Key figures (mEUR)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 110.54 | 101.75 | 100.16 | 115.22 | 142.32 |
Gross profit | 19.18 | 15.57 | 11.77 | 26.51 | 15.96 |
EBIT | 18.42 | 2.78 | 7.50 | 22.25 | 11.63 |
Net earnings | 10.98 | -7.76 | 2.41 | 15.74 | 0.79 |
Shareholders equity total | 67.35 | 29.87 | 39.74 | 61.71 | 43.62 |
Balance sheet total (assets) | 200.08 | 146.37 | 146.17 | 158.37 | 121.41 |
Net debt | 114.91 | 87.79 | 78.46 | 66.49 | 38.27 |
Profitability | |||||
EBIT-% | 16.7 % | 2.7 % | 7.5 % | 19.3 % | 8.2 % |
ROA | 10.8 % | 1.8 % | 6.4 % | 16.9 % | 8.7 % |
ROE | 18.6 % | -16.0 % | 6.9 % | 31.0 % | 1.5 % |
ROI | 11.5 % | 2.0 % | 7.0 % | 18.7 % | 10.0 % |
Economic value added (EVA) | 7.79 | -6.53 | 2.17 | 12.44 | 1.48 |
Solvency | |||||
Equity ratio | 33.8 % | 20.6 % | 27.4 % | 39.2 % | 36.3 % |
Gearing | 178.8 % | 340.0 % | 231.5 % | 123.9 % | 127.9 % |
Relative net indebtedness % | 115.1 % | 101.0 % | 92.7 % | 75.3 % | 42.4 % |
Liquidity | |||||
Quick ratio | 2.1 | 1.2 | 1.3 | 1.4 | 3.0 |
Current ratio | 2.4 | 1.5 | 1.8 | 1.9 | 3.3 |
Cash and cash equivalents | 5.52 | 13.76 | 13.54 | 9.96 | 17.50 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 18.7 | 12.1 | 16.0 | 11.0 | 10.5 |
Net working capital % | 45.5 % | 15.5 % | 23.3 % | 25.0 % | 31.7 % |
Credit risk | |||||
Credit rating | AAA | A | AA | AAA | AA |
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