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: 32444202) is a company from KØBENHAVN. The company reported a net sales of 71.1 mDKK in 2024, demonstrating a growth of 6.7 % compared to the previous year. The operating profit percentage was poor at -2.7 % (EBIT: -1.9 mDKK), while net earnings were 376 kDKK. The profitability of the company measured by Return on Assets (ROA) was 1.6 %, 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 42.8 %, 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. STRAIT AIR TRANSPORT A/S's liquidity measured by quick ratio was 1.2 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 | 81.38 | 75.38 | 77.29 | 66.63 | 71.06 |
Gross profit | 5.38 | 3.94 | 11.80 | 12.69 | 7.05 |
EBIT | -0.22 | -1.11 | 3.31 | 3.53 | -1.95 |
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) | 23.00 | 42.05 | 44.81 | 40.25 | 32.52 |
Net debt | 2.80 | 9.14 | 0.84 | -4.49 | 3.76 |
Profitability | |||||
EBIT-% | -0.3 % | -1.5 % | 4.3 % | 5.3 % | -2.7 % |
ROA | 0.4 % | 18.8 % | 15.7 % | 11.8 % | 1.6 % |
ROE | 0.2 % | 47.0 % | 30.5 % | 16.5 % | 1.9 % |
ROI | 0.6 % | 27.0 % | 20.8 % | 16.2 % | 2.5 % |
Economic value added (EVA) | -1.45 | -1.58 | 0.98 | 0.93 | -2.91 |
Solvency | |||||
Equity ratio | 44.1 % | 39.1 % | 47.9 % | 64.0 % | 42.8 % |
Gearing | 37.5 % | 90.5 % | 60.5 % | 6.3 % | 43.7 % |
Relative net indebtedness % | 14.6 % | 26.4 % | 14.5 % | 12.6 % | 22.9 % |
Liquidity | |||||
Quick ratio | 1.2 | 1.1 | 1.0 | 1.3 | 1.2 |
Current ratio | 1.2 | 1.1 | 1.0 | 1.3 | 1.2 |
Cash and cash equivalents | 1.00 | 5.73 | 12.13 | 6.11 | 2.32 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 49.1 | 71.9 | 40.9 | 61.1 | 82.9 |
Net working capital % | 3.1 % | 2.2 % | 0.9 % | 7.6 % | 5.3 % |
Credit risk | |||||
Credit rating | BBB | A | AA | AA | A |
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