ARMSTRONG HOLDING ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About ARMSTRONG HOLDING ApS
ARMSTRONG HOLDING ApS (CVR number: 28864655) is a company from HADERSLEV. The company recorded a gross profit of -35 kDKK in 2023. The operating profit was -35 kDKK, while net earnings were 12.5 mDKK. The profitability of the company measured by Return on Assets (ROA) was 28.4 %, which can be considered excellent and Return on Equity (ROE) was 37.3 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 79.4 %, 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. ARMSTRONG HOLDING ApS's liquidity measured by quick ratio was 1.1 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 4 531.00 | 6 735.00 | |||
Gross profit | 4 523.00 | 6 725.00 | -8.00 | -35.00 | |
EBIT | -6.00 | 4 523.00 | 6 725.00 | -8.00 | -35.00 |
Net earnings | 4 004.00 | 4 448.00 | 6 462.00 | 7 345.00 | 12 466.00 |
Shareholders equity total | 11 268.00 | 13 617.00 | 19 929.00 | 27 216.00 | 39 623.00 |
Balance sheet total (assets) | 11 292.00 | 18 645.00 | 42 784.00 | 39 337.00 | 49 919.00 |
Net debt | -3 481.00 | 4 839.00 | 22 091.00 | 11 847.00 | 6 058.00 |
Profitability | |||||
EBIT-% | 99.8 % | 99.9 % | |||
ROA | 41.7 % | 30.2 % | 21.9 % | 19.2 % | 28.4 % |
ROE | 41.5 % | 35.7 % | 38.5 % | 31.2 % | 37.3 % |
ROI | 41.7 % | 30.4 % | 22.2 % | 19.3 % | 29.8 % |
Economic value added (EVA) | - 407.39 | 3 977.11 | 5 878.04 | -2 123.90 | -2 009.91 |
Solvency | |||||
Equity ratio | 99.8 % | 73.0 % | 46.6 % | 69.2 % | 79.4 % |
Gearing | 0.0 % | 35.8 % | 111.3 % | 44.3 % | 15.5 % |
Relative net indebtedness % | 110.2 % | 338.0 % | |||
Liquidity | |||||
Quick ratio | 145.1 | 0.0 | 0.1 | 0.1 | 1.1 |
Current ratio | 145.1 | 0.0 | 0.1 | 0.1 | 1.1 |
Cash and cash equivalents | 3 483.00 | 34.00 | 93.00 | 222.00 | 75.00 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | -106.3 % | -109.9 % | |||
Credit risk | |||||
Credit rating | A | A | AA | A | A |
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