ECCO HOLDING A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About ECCO HOLDING A/S
ECCO HOLDING A/S (CVR number: 20096098K) is a company from TØNDER. The company reported a net sales of 11111.6 mDKK in 2024, demonstrating a decline of -5.2 % compared to the previous year. The operating profit percentage was at 1.6 % (EBIT: 179 mDKK), while net earnings were -187.6 mDKK. The profitability of the company measured by Return on Assets (ROA) was 3 %, which can be considered weak but Return on Equity (ROE) was -3.2 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 52.2 %, 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. ECCO HOLDING A/S's liquidity measured by quick ratio was 1.6 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 financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 8 564.93 | 10 814.73 | 11 818.00 | 11 724.01 | 11 111.62 |
Gross profit | 8 564.93 | 10 814.73 | 11 818.00 | 5 190.51 | 3 767.57 |
EBIT | -49.23 | 401.20 | 636.89 | 795.24 | 179.00 |
Net earnings | - 174.42 | 351.61 | 325.70 | 430.12 | - 187.55 |
Shareholders equity total | 7 480.38 | 7 169.50 | |||
Balance sheet total (assets) | 12 394.65 | 13 531.87 | 14 055.85 | 13 478.31 | 13 743.51 |
Net debt | 415.42 | 746.37 | |||
Profitability | |||||
EBIT-% | -0.6 % | 3.7 % | 5.4 % | 6.8 % | 1.6 % |
ROA | -0.4 % | 3.1 % | 4.6 % | 7.8 % | 3.0 % |
ROE | -43.3 % | 88.1 % | 95.1 % | 13.7 % | -3.2 % |
ROI | -0.4 % | 3.1 % | 4.6 % | 8.4 % | 3.6 % |
Economic value added (EVA) | -55.44 | 264.81 | 432.12 | 550.28 | - 454.15 |
Solvency | |||||
Equity ratio | 55.5 % | 52.2 % | |||
Gearing | 51.0 % | 58.8 % | |||
Relative net indebtedness % | 19.8 % | 25.6 % | |||
Liquidity | |||||
Quick ratio | 2.0 | 1.6 | |||
Current ratio | 3.5 | 2.8 | |||
Cash and cash equivalents | 3 396.57 | 3 472.23 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 23.6 | 23.8 | |||
Net working capital % | 99.3 % | 87.9 % | 84.3 % | 47.8 % | 47.5 % |
Credit risk | |||||
Credit rating | BBB | BBB | BBB | AAA | AA |
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