SORRING MASKINHANDEL A/S — Credit Rating and Financial Key Figures

CVR number: 20970391
Terpvej 35, 8641 Sorring
info@avant.dk
tel: 86957522
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Company information

Official name
SORRING MASKINHANDEL A/S
Personnel
19 persons
Established
1998
Company form
Limited company
Industry

About SORRING MASKINHANDEL A/S

SORRING MASKINHANDEL A/S (CVR number: 20970391) is a company from SILKEBORG. The company recorded a gross profit of 20.9 mDKK in 2024. The operating profit was 8788.8 kDKK, while net earnings were 6622.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 15.6 %, which can be considered excellent and Return on Equity (ROE) was 27.3 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 41.5 %, 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. SORRING MASKINHANDEL A/S's liquidity measured by quick ratio was 0.3 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit16 153.4521 718.5518 191.1616 563.5320 902.07
EBIT6 346.3810 988.338 619.516 225.248 788.77
Net earnings4 938.898 641.246 799.494 665.576 622.16
Shareholders equity total23 050.4426 691.6824 991.1823 156.7525 278.91
Balance sheet total (assets)46 778.0442 815.2648 298.8757 159.5960 918.94
Net debt3 914.934 044.8512 451.2422 909.9524 645.62
Profitability
EBIT-%
ROA14.9 %25.1 %19.5 %12.2 %15.6 %
ROE22.4 %34.7 %26.3 %19.4 %27.3 %
ROI18.1 %30.5 %22.1 %13.5 %17.2 %
Economic value added (EVA)3 133.366 783.584 833.502 699.774 240.56
Solvency
Equity ratio49.3 %62.3 %51.7 %40.5 %41.5 %
Gearing50.1 %36.7 %67.8 %120.6 %114.5 %
Relative net indebtedness %
Liquidity
Quick ratio0.60.80.40.30.3
Current ratio2.02.82.11.71.8
Cash and cash equivalents7 637.395 761.124 484.275 014.644 289.70
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAAAA

Variable visualization

ROA:15.6%
Rating: 67/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:41.5%
Rating: 34/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member

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