Credit rating
Company information
About the company
EET GROUP A/S (CVR number: 11783376) is a company from RUDERSDAL. The company reported a net sales of 3039.1 mDKK in 2023, demonstrating a decline of -2.8 % compared to the previous year. The operating profit percentage was poor at -1.4 % (EBIT: -42.2 mDKK), while net earnings were 25 mDKK. The profitability of the company measured by Return on Assets (ROA) was 2.7 %, which can be considered weak and Return on Equity (ROE) was 3.1 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 36.9 %, 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. EET GROUP A/S's liquidity measured by quick ratio was 0.6 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 2 145.75 | 2 363.64 | 2 927.82 | 3 127.43 | 3 039.14 |
Gross profit | 143.44 | 153.47 | 199.02 | 194.28 | 158.13 |
EBIT | 7.27 | 10.37 | 33.17 | -32.24 | -42.22 |
Net earnings | 46.29 | 94.70 | 138.02 | 65.38 | 25.01 |
Shareholders equity total | 485.89 | 575.01 | 684.55 | 799.78 | 804.50 |
Balance sheet total (assets) | 1 241.14 | 1 424.44 | 1 693.64 | 2 011.83 | 2 182.52 |
Net debt | 269.14 | 242.48 | |||
Profitability | |||||
EBIT-% | 0.3 % | 0.4 % | 1.1 % | -1.0 % | -1.4 % |
ROA | 0.6 % | 0.8 % | 2.1 % | 4.9 % | 2.7 % |
ROE | 10.0 % | 17.9 % | 21.9 % | 8.8 % | 3.1 % |
ROI | 0.7 % | 0.8 % | 2.1 % | 6.3 % | 4.3 % |
Economic value added (EVA) | -2.43 | -14.05 | 4.28 | -71.02 | -10.29 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 39.8 % | 36.9 % |
Gearing | 51.0 % | 71.9 % | |||
Relative net indebtedness % | 33.5 % | 33.0 % | |||
Liquidity | |||||
Quick ratio | 0.6 | 0.6 | |||
Current ratio | 1.1 | 1.0 | |||
Cash and cash equivalents | 138.84 | 336.07 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 0.6 | 0.4 | |||
Net working capital % | 1.3 % | -1.3 % | |||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | A | A |
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