X-YACHTS A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About X-YACHTS A/S
X-YACHTS A/S (CVR number: 24260615) is a company from HADERSLEV. The company reported a net sales of 217.5 mDKK in 2024, demonstrating a growth of 1.8 % compared to the previous year. The operating profit percentage was poor at -19 % (EBIT: -41.3 mDKK), while net earnings were -32.4 mDKK. The profitability of the company measured by Return on Assets (ROA) was -13.2 %, which can be considered poor and Return on Equity (ROE) was -24.6 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 74.4 %, 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. X-YACHTS 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 financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 281.46 | 308.59 | 213.61 | 217.51 | |
Gross profit | 19.88 | 32.28 | 26.54 | -13.24 | -16.81 |
EBIT | -0.37 | 9.35 | 3.75 | -39.44 | -41.34 |
Net earnings | 3.04 | 9.51 | 0.25 | -41.60 | -32.41 |
Shareholders equity total | 57.08 | 66.33 | 66.37 | 75.69 | 187.96 |
Balance sheet total (assets) | 179.59 | 241.34 | 276.13 | 269.83 | 269.24 |
Net debt | 49.84 | 66.89 | 155.26 | 134.82 | 26.21 |
Profitability | |||||
EBIT-% | 3.3 % | 1.2 % | -18.5 % | -19.0 % | |
ROA | 2.5 % | 5.5 % | 1.4 % | -13.8 % | -13.2 % |
ROE | 5.5 % | 15.4 % | 0.4 % | -58.6 % | -24.6 % |
ROI | 3.6 % | 8.9 % | 1.9 % | -17.0 % | -16.3 % |
Economic value added (EVA) | -7.36 | 2.77 | -4.44 | -47.70 | -47.26 |
Solvency | |||||
Equity ratio | 36.4 % | 31.5 % | 25.2 % | 30.3 % | 74.4 % |
Gearing | 87.8 % | 109.7 % | 235.3 % | 180.2 % | 15.8 % |
Relative net indebtedness % | 57.5 % | 65.8 % | 88.7 % | 33.6 % | |
Liquidity | |||||
Quick ratio | 0.6 | 0.7 | 0.5 | 0.6 | 1.9 |
Current ratio | 0.8 | 0.9 | 0.8 | 0.9 | 2.1 |
Cash and cash equivalents | 0.31 | 5.84 | 0.91 | 1.57 | 3.52 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 4.2 | 9.9 | 9.7 | 29.3 | |
Net working capital % | -8.0 % | -10.8 % | -9.9 % | 40.1 % | |
Credit risk | |||||
Credit rating | A | AA | AA | BBB | BBB |
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