Grey Danmark A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Grey Danmark A/S
Grey Danmark A/S (CVR number: 25977564) is a company from KØBENHAVN. The company reported a net sales of 155.1 mDKK in 2024, demonstrating a decline of -17.8 % compared to the previous year. The operating profit percentage was at 5.8 % (EBIT: 9 mDKK), while net earnings were 8491.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 11.7 %, which can be considered good but Return on Equity (ROE) was 19.5 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 41.8 %, 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. Grey Danmark 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 | 122.35 | 131.67 | 172.08 | 188.73 | 155.08 |
Gross profit | 48.00 | 46.88 | 80.40 | 92.99 | 84.23 |
EBIT | 2.95 | 3.47 | 8.67 | 15.55 | 9.05 |
Net earnings | 3.72 | 2.26 | 6.85 | 13.63 | 8.49 |
Shareholders equity total | 39.64 | 41.90 | 40.77 | 54.40 | 32.89 |
Balance sheet total (assets) | 74.76 | 78.03 | 94.20 | 119.42 | 78.72 |
Net debt | 4.09 | 5.40 | 10.49 | 14.12 | 10.81 |
Profitability | |||||
EBIT-% | 2.4 % | 2.6 % | 5.0 % | 8.2 % | 5.8 % |
ROA | 4.8 % | 4.6 % | 10.6 % | 16.5 % | 11.7 % |
ROE | 9.8 % | 5.5 % | 16.6 % | 28.6 % | 19.5 % |
ROI | 7.2 % | 7.4 % | 17.7 % | 28.3 % | 20.0 % |
Economic value added (EVA) | 1.94 | 0.47 | 4.63 | 10.07 | 4.30 |
Solvency | |||||
Equity ratio | 53.0 % | 53.7 % | 43.3 % | 45.6 % | 41.8 % |
Gearing | 10.3 % | 12.9 % | 25.7 % | 25.9 % | 32.9 % |
Relative net indebtedness % | 28.7 % | 27.4 % | 31.0 % | 34.5 % | 29.6 % |
Liquidity | |||||
Quick ratio | 2.3 | 2.3 | 1.8 | 1.8 | 1.6 |
Current ratio | 2.3 | 2.3 | 1.8 | 1.8 | 1.6 |
Cash and cash equivalents | |||||
Capital use efficiency | |||||
Trade debtors turnover (days) | 86.4 | 67.5 | 75.0 | 86.3 | 86.7 |
Net working capital % | 33.5 % | 32.7 % | 23.8 % | 26.4 % | 17.9 % |
Credit risk | |||||
Credit rating | AAA | AAA | AA | AA | A |
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