Credit rating
Company information
About FLSMIDTH & CO. A/S
FLSMIDTH & CO. A/S (CVR number: 58180912K) is a company from KØBENHAVN. The company reported a net sales of 24106 mDKK in 2023, demonstrating a growth of 10.3 % compared to the previous year. The operating profit percentage was at 5 % (EBIT: 1200 mDKK), while net earnings were 491 mDKK. The profitability of the company measured by Return on Assets (ROA) was 9 %, which can be considered good but Return on Equity (ROE) was 4.5 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 42.6 %, 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. FLSMIDTH & CO. A/S's liquidity measured by quick ratio was 0.9 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 20 646.00 | 16 441.00 | 17 581.00 | 21 849.00 | 24 106.00 |
Gross profit | 4 849.00 | 3 865.00 | 4 180.00 | 5 076.00 | 6 087.00 |
EBIT | 1 286.00 | 428.00 | 668.00 | 619.00 | 1 200.00 |
Net earnings | 776.00 | 205.00 | 357.00 | 352.00 | 491.00 |
Shareholders equity total | 8 793.00 | 8 130.00 | 10 368.00 | 10 787.00 | 10 828.00 |
Balance sheet total (assets) | 23 532.00 | 20 456.00 | 23 053.00 | 29 845.00 | 27 011.00 |
Net debt | 2 536.00 | 1 862.00 | - 872.00 | 828.00 | 698.00 |
Profitability | |||||
EBIT-% | 6.2 % | 2.6 % | 3.8 % | 2.8 % | 5.0 % |
ROA | 9.3 % | 6.3 % | 7.1 % | 8.3 % | 9.0 % |
ROE | 9.1 % | 2.4 % | 3.9 % | 3.3 % | 4.5 % |
ROI | 16.3 % | 10.7 % | 12.1 % | 15.0 % | 16.3 % |
Economic value added (EVA) | 348.55 | - 291.08 | -97.49 | -94.63 | 211.53 |
Solvency | |||||
Equity ratio | 39.9 % | 41.8 % | 49.0 % | 39.0 % | 42.6 % |
Gearing | 40.2 % | 34.5 % | 10.3 % | 27.4 % | 18.9 % |
Relative net indebtedness % | 66.5 % | 69.2 % | 61.1 % | 77.5 % | 61.5 % |
Liquidity | |||||
Quick ratio | 1.2 | 1.1 | 1.3 | 1.0 | 0.9 |
Current ratio | 1.3 | 1.2 | 1.3 | 1.1 | 1.1 |
Cash and cash equivalents | 1 001.00 | 946.00 | 1 935.00 | 2 130.00 | 1 352.00 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 89.6 | 76.7 | 85.4 | 85.3 | 68.4 |
Net working capital % | 14.4 % | 11.9 % | 15.5 % | 9.8 % | 4.3 % |
Credit risk | |||||
Credit rating | A | AA | AA | A | AA |
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