ECCO MIDDLE EAST A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About ECCO MIDDLE EAST A/S
ECCO MIDDLE EAST A/S (CVR number: 30713354) is a company from TØNDER. The company recorded a gross profit of 42.7 mDKK in 2023. The operating profit was 31.9 mDKK, while net earnings were 31.8 mDKK. The profitability of the company measured by Return on Assets (ROA) was 24.5 %, which can be considered excellent and Return on Equity (ROE) was 55.8 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 51.8 %, 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. ECCO MIDDLE EAST A/S's liquidity measured by quick ratio was 1.8 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 31 219.46 | 42 690.03 | |||
EBIT | 19 762.83 | 31 909.87 | |||
Net earnings | 18 478.14 | 31 804.45 | |||
Shareholders equity total | 46 353.00 | 34 821.00 | 20 825.00 | 43 445.13 | 70 480.92 |
Balance sheet total (assets) | 105 499.00 | 100 793.00 | 137 148.00 | 126 165.73 | 136 190.21 |
Net debt | 79 906.84 | 54 964.27 | |||
Profitability | |||||
EBIT-% | |||||
ROA | 15.0 % | 24.5 % | |||
ROE | 57.5 % | 55.8 % | |||
ROI | 15.0 % | 24.5 % | |||
Economic value added (EVA) | -2 620.89 | -2 329.24 | -1 749.76 | 18 716.38 | 29 872.26 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 34.4 % | 51.8 % |
Gearing | 189.7 % | 93.2 % | |||
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 1.1 | 1.8 | |||
Current ratio | 1.5 | 2.0 | |||
Cash and cash equivalents | 2 487.08 | 10 745.03 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | A | A |
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