EURO-2000 A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About EURO-2000 A/S
EURO-2000 A/S (CVR number: 17758683K) is a company from VIBORG. The company reported a net sales of 379.4 mDKK in 2023, demonstrating a decline of -11.9 % compared to the previous year. The operating profit percentage was at 15.6 % (EBIT: 59.1 mDKK), while net earnings were 57.2 mDKK. The profitability of the company measured by Return on Assets (ROA) was 13.8 %, which can be considered good but Return on Equity (ROE) was 26.3 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 60.1 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. EURO-2000 A/S's liquidity measured by quick ratio was 2.2 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 | 390.65 | 402.37 | 415.54 | 430.63 | 379.43 |
Gross profit | 155.42 | 156.69 | 156.24 | 177.31 | 160.45 |
EBIT | 55.11 | 60.89 | 53.38 | 67.85 | 59.09 |
Net earnings | 51.62 | 51.96 | 65.87 | 27.30 | 57.19 |
Shareholders equity total | 199.84 | 280.02 | 324.93 | 323.00 | 351.80 |
Balance sheet total (assets) | 399.25 | 474.61 | 582.57 | 604.02 | 590.83 |
Net debt | 48.91 | -4.63 | -67.66 | 2.69 | -29.68 |
Profitability | |||||
EBIT-% | 14.1 % | 15.1 % | 12.8 % | 15.8 % | 15.6 % |
ROA | 17.8 % | 16.3 % | 16.7 % | 13.8 % | 13.8 % |
ROE | 40.9 % | 35.2 % | 34.5 % | 13.4 % | 26.3 % |
ROI | 20.2 % | 18.7 % | 19.5 % | 16.0 % | 15.4 % |
Economic value added (EVA) | 33.53 | 37.89 | 30.10 | 47.29 | 34.88 |
Solvency | |||||
Equity ratio | 50.7 % | 59.6 % | 56.1 % | 53.7 % | 60.1 % |
Gearing | 72.8 % | 41.7 % | 46.2 % | 59.0 % | 49.2 % |
Relative net indebtedness % | 24.9 % | 14.7 % | 6.2 % | 18.3 % | 4.9 % |
Liquidity | |||||
Quick ratio | 1.5 | 2.0 | 1.8 | 1.5 | 2.2 |
Current ratio | 2.9 | 3.2 | 2.9 | 2.8 | 3.6 |
Cash and cash equivalents | 96.59 | 121.33 | 217.68 | 187.79 | 202.76 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 42.6 | 41.7 | 33.6 | 36.5 | 34.0 |
Net working capital % | 26.3 % | 28.8 % | 18.3 % | 22.4 % | 29.2 % |
Credit risk | |||||
Credit rating | AAA | AAA | AAA | AAA | AAA |
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