DEN ERHVERVSDRIVENDE FOND SERMITSIAQ.AG — Credit Rating and Financial Key Figures
Credit rating
Company information
About DEN ERHVERVSDRIVENDE FOND SERMITSIAQ.AG
DEN ERHVERVSDRIVENDE FOND SERMITSIAQ.AG (CVR number: 12539959) is a company from SERMERSOOQ. The company reported a net sales of 26.5 mDKK in 2022, demonstrating a growth of 2.1 % compared to the previous year. The operating profit percentage was at 10.1 % (EBIT: 2.7 mDKK), while net earnings were 565 kDKK. The profitability of the company measured by Return on Assets (ROA) was 5.5 %, which can be considered decent but Return on Equity (ROE) was 1.4 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 88.7 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. DEN ERHVERVSDRIVENDE FOND SERMITSIAQ.AG's liquidity measured by quick ratio was 6.5 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 (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2018 | 2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 29 784.78 | 31 283.41 | 25 445.18 | 25 965.82 | 26 516.62 |
Gross profit | 23 259.33 | 24 665.73 | 22 098.71 | 24 627.94 | 22 545.61 |
EBIT | 4 598.00 | 4 932.22 | 2 806.53 | 5 005.56 | 2 681.46 |
Net earnings | 4 700.10 | 5 121.91 | 2 089.34 | 4 039.61 | 564.95 |
Shareholders equity total | 27 833.95 | 32 955.86 | 35 045.20 | 39 084.81 | 39 649.76 |
Balance sheet total (assets) | 36 324.02 | 41 655.69 | 43 678.95 | 46 706.90 | 47 482.83 |
Net debt | -21 386.78 | -25 777.05 | -25 215.61 | -26 978.86 | -28 797.44 |
Profitability | |||||
EBIT-% | 15.4 % | 15.8 % | 11.0 % | 19.3 % | 10.1 % |
ROA | 13.1 % | 13.2 % | 5.3 % | 10.0 % | 5.5 % |
ROE | 16.9 % | 16.9 % | 6.1 % | 10.9 % | 1.4 % |
ROI | 17.1 % | 17.0 % | 6.7 % | 12.2 % | 6.5 % |
Economic value added (EVA) | 4 598.00 | 5 186.15 | 3 041.83 | 5 048.94 | 2 519.27 |
Solvency | |||||
Equity ratio | 84.6 % | 86.8 % | 88.1 % | 89.4 % | 88.7 % |
Gearing | |||||
Relative net indebtedness % | -43.3 % | -54.6 % | -65.2 % | -74.5 % | -79.1 % |
Liquidity | |||||
Quick ratio | 5.9 | 7.0 | 8.0 | 8.9 | 6.5 |
Current ratio | 3.5 | 4.0 | 4.4 | 5.4 | 4.2 |
Cash and cash equivalents | 21 386.78 | 25 777.05 | 25 215.61 | 26 978.86 | 28 797.44 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 49.1 | 55.4 | 70.8 | 63.0 | 53.9 |
Net working capital % | 72.3 % | 84.7 % | 35.6 % | 54.7 % | 27.7 % |
Credit risk | |||||
Credit rating | AA | AAA | AAA | AAA | AA |
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