Sindico Group A/S
Credit rating
Company information
About Sindico Group A/S
Sindico Group A/S (CVR number: 32347215K) is a company from IKAST-BRANDE. The company reported a net sales of 527.2 mDKK in 2023, demonstrating a growth of 19.7 % compared to the previous year. The operating profit percentage was at 6 % (EBIT: 31.4 mDKK), while net earnings were 17.5 mDKK. The profitability of the company measured by Return on Assets (ROA) was 12.4 %, which can be considered good but Return on Equity (ROE) was 31.6 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 27.3 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. Sindico Group A/S's liquidity measured by quick ratio was 0.4 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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|
Volume | ||||
Net sales | 384.73 | 440.37 | 527.22 | |
Gross profit | 109.38 | 153.06 | 165.79 | 184.62 |
EBIT | 29.82 | 38.74 | 29.43 | 31.44 |
Net earnings | 21.81 | 31.55 | 31.52 | 17.54 |
Shareholders equity total | 49.80 | 71.20 | 92.72 | 85.70 |
Balance sheet total (assets) | 166.39 | 246.09 | 293.67 | 339.62 |
Net debt | 25.27 | 39.18 | 105.31 | 134.40 |
Profitability | ||||
EBIT-% | 10.1 % | 6.7 % | 6.0 % | |
ROA | 18.2 % | 21.2 % | 15.4 % | 12.4 % |
ROE | 72.2 % | 84.4 % | 63.3 % | 31.6 % |
ROI | 32.9 % | 36.9 % | 22.0 % | 14.4 % |
Economic value added (EVA) | 23.14 | 26.76 | 24.38 | 19.39 |
Solvency | ||||
Equity ratio | 34.7 % | 33.0 % | 34.3 % | 27.3 % |
Gearing | 84.6 % | 103.2 % | 123.6 % | 171.0 % |
Relative net indebtedness % | 36.5 % | 43.4 % | 45.8 % | |
Liquidity | ||||
Quick ratio | 0.6 | 0.6 | 0.4 | 0.4 |
Current ratio | 1.9 | 1.7 | 1.5 | 1.3 |
Cash and cash equivalents | 16.86 | 34.30 | 9.31 | 12.15 |
Capital use efficiency | ||||
Trade debtors turnover (days) | 13.4 | 9.9 | 16.8 | |
Net working capital % | 22.6 % | 15.1 % | 10.3 % | |
Credit risk | ||||
Credit rating | A | A | A | AA |
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