STRAIT AIR TRANSPORT A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About STRAIT AIR TRANSPORT A/S
STRAIT AIR TRANSPORT A/S (CVR number: 32444202K) is a company from KØBENHAVN. The company reported a net sales of 170.7 mDKK in 2024, demonstrating a growth of 20.8 % compared to the previous year. The operating profit percentage was at 0.3 % (EBIT: 0.5 mDKK), while net earnings were 376 kDKK. The profitability of the company measured by Return on Assets (ROA) was 2.7 %, which can be considered weak and Return on Equity (ROE) was 1.9 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 27.9 %, 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. STRAIT AIR TRANSPORT A/S's liquidity measured by quick ratio was 1.4 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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 178.38 | 208.50 | 205.70 | 141.23 | 170.65 |
Gross profit | 14.43 | 21.25 | 21.84 | 21.45 | 16.18 |
EBIT | 1.31 | 7.05 | 6.16 | 5.21 | 0.50 |
Net earnings | 0.02 | 6.25 | 5.78 | 3.90 | 0.38 |
Shareholders equity total | 10.14 | 16.43 | 21.45 | 25.76 | 13.91 |
Balance sheet total (assets) | 40.79 | 74.49 | 68.54 | 59.54 | 49.81 |
Net debt | 2.45 | 10.56 | -18.34 | -21.82 | -0.40 |
Profitability | |||||
EBIT-% | 0.7 % | 3.4 % | 3.0 % | 3.7 % | 0.3 % |
ROA | 3.4 % | 13.9 % | 10.7 % | 9.5 % | 2.7 % |
ROE | 0.2 % | 47.0 % | 30.5 % | 16.5 % | 1.9 % |
ROI | 6.3 % | 24.3 % | 17.1 % | 14.6 % | 4.7 % |
Economic value added (EVA) | -0.46 | 5.71 | 2.69 | 1.66 | -1.55 |
Solvency | |||||
Equity ratio | 24.9 % | 22.1 % | 31.3 % | 43.3 % | 27.9 % |
Gearing | 105.2 % | 174.3 % | 108.5 % | 48.2 % | 83.5 % |
Relative net indebtedness % | 12.6 % | 19.2 % | 2.7 % | -0.3 % | 14.0 % |
Liquidity | |||||
Quick ratio | 1.3 | 1.3 | 1.4 | 1.7 | 1.4 |
Current ratio | 1.3 | 1.3 | 1.4 | 1.7 | 1.4 |
Cash and cash equivalents | 8.22 | 18.07 | 41.62 | 34.25 | 12.01 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 51.2 | 78.1 | 38.3 | 45.3 | 66.7 |
Net working capital % | 5.6 % | 7.8 % | 10.0 % | 17.0 % | 7.8 % |
Credit risk | |||||
Credit rating | BBB | A | AA | AA | BBB |
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