DANELEC ELECTRONICS A/S
Credit rating
Company information
About DANELEC ELECTRONICS A/S
DANELEC ELECTRONICS A/S (CVR number: 18630877K) is a company from FURESØ. The company reported a net sales of 330.3 mDKK in 2023, demonstrating a growth of 10.8 % compared to the previous year. The operating profit percentage was at 10.6 % (EBIT: 35.2 mDKK), while net earnings were 17.4 mDKK. The profitability of the company measured by Return on Assets (ROA) was 12.5 %, which can be considered good but Return on Equity (ROE) was 19.1 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 29.2 %, 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. DANELEC ELECTRONICS A/S's liquidity measured by quick ratio was 1.2 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 102.30 | 298.01 | 330.31 | ||
Gross profit | 59.10 | 153.84 | 153.87 | ||
EBIT | 26.10 | 55.69 | 35.16 | ||
Net earnings | 20.80 | 38.76 | 17.40 | ||
Shareholders equity total | 48.10 | 87.92 | 94.21 | ||
Balance sheet total (assets) | 78.60 | 276.14 | 292.94 | ||
Net debt | 91.87 | 95.74 | |||
Profitability | |||||
EBIT-% | 25.5 % | 18.7 % | 10.6 % | ||
ROA | 34.7 % | 20.5 % | 12.5 % | ||
ROE | 48.3 % | 44.1 % | 19.1 % | ||
ROI | 34.7 % | 26.0 % | 15.7 % | ||
Economic value added (EVA) | 24.19 | -2.42 | 43.49 | 15.66 | |
Solvency | |||||
Equity ratio | 100.0 % | 29.6 % | 29.2 % | ||
Gearing | 125.0 % | 118.1 % | |||
Relative net indebtedness % | 57.1 % | 55.5 % | |||
Liquidity | |||||
Quick ratio | 1.4 | 1.2 | |||
Current ratio | 2.1 | 1.9 | |||
Cash and cash equivalents | 18.03 | 15.55 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 67.6 | 68.6 | |||
Net working capital % | 22.5 % | 16.9 % | |||
Credit risk | |||||
Credit rating | C | B | AA | AA |
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