FLIGHTCASES INTERNATIONAL A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About FLIGHTCASES INTERNATIONAL A/S
FLIGHTCASES INTERNATIONAL A/S (CVR number: 13467900) is a company from RØDOVRE. The company reported a net sales of 43 mDKK in 2023, demonstrating a decline of -34.1 % compared to the previous year. The operating profit percentage was at 7.2 % (EBIT: 3.1 mDKK), while net earnings were 2142.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 10.2 %, which can be considered good and Return on Equity (ROE) was 13.4 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 54 %, 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. FLIGHTCASES INTERNATIONAL A/S's liquidity measured by quick ratio was 1.9 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 (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 43.10 | 35.43 | 48.76 | 65.24 | 42.98 |
Gross profit | 13.40 | 10.01 | 15.06 | 22.09 | 11.05 |
EBIT | 3.71 | 0.73 | 4.89 | 8.94 | 3.10 |
Net earnings | 3.30 | -0.56 | 3.67 | 6.67 | 2.14 |
Shareholders equity total | 7.66 | 5.60 | 8.28 | 14.95 | 17.09 |
Balance sheet total (assets) | 18.46 | 20.54 | 28.19 | 29.73 | 31.70 |
Net debt | 2.42 | -5.20 | -0.54 | -3.46 | -6.07 |
Profitability | |||||
EBIT-% | 8.6 % | 2.0 % | 10.0 % | 13.7 % | 7.2 % |
ROA | 24.6 % | 3.8 % | 20.1 % | 30.9 % | 10.2 % |
ROE | 54.9 % | -8.4 % | 52.9 % | 57.5 % | 13.4 % |
ROI | 36.6 % | 7.8 % | 66.0 % | 70.6 % | 17.8 % |
Economic value added (EVA) | 2.80 | 0.63 | 3.82 | 6.60 | 1.85 |
Solvency | |||||
Equity ratio | 41.5 % | 27.4 % | 30.2 % | 50.5 % | 54.0 % |
Gearing | 60.0 % | 11.1 % | 3.8 % | 12.2 % | 7.2 % |
Relative net indebtedness % | 20.0 % | 25.7 % | 39.0 % | 14.5 % | 17.0 % |
Liquidity | |||||
Quick ratio | 0.8 | 0.8 | 0.8 | 1.6 | 1.9 |
Current ratio | 1.5 | 1.2 | 1.2 | 2.6 | 3.0 |
Cash and cash equivalents | 2.18 | 5.83 | 0.85 | 5.28 | 7.30 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 41.8 | 37.2 | 79.4 | 53.0 | 71.7 |
Net working capital % | 11.1 % | 8.4 % | 8.4 % | 24.3 % | 41.7 % |
Credit risk | |||||
Credit rating | AA | BBB | A | AA | AA |
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