IDAVANG A/S — Credit Rating and Financial Key Figures

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.