SITECH DENMARK A/S
Credit rating
Company information
About SITECH DENMARK A/S
SITECH DENMARK A/S (CVR number: 32763464) is a company from HORSENS. The company recorded a gross profit of 26.6 mDKK in 2023. The operating profit was 9551.4 kDKK, while net earnings were 0 kDKK. The profitability of the company measured by Return on Assets (ROA) was 22.1 %, which can be considered excellent but Return on Equity (ROE) was 0 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 51.4 %, 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. SITECH DENMARK A/S's liquidity measured by quick ratio was 1.9 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 | 17 028.34 | 21 752.89 | 22 573.81 | 24 905.41 | 26 572.90 |
EBIT | 3 302.88 | 7 499.03 | 8 602.91 | 9 227.88 | 9 551.44 |
Net earnings | 3 903.35 | 5 705.76 | 6 534.70 | 8 957.05 | |
Shareholders equity total | 10 795.49 | 16 521.25 | 23 055.96 | 25 478.30 | 23 952.66 |
Balance sheet total (assets) | 18 586.07 | 37 116.59 | 40 093.97 | 43 783.70 | 42 560.74 |
Net debt | - 710.88 | -11 947.74 | -3 067.78 | -4 310.72 | 2 810.29 |
Profitability | |||||
EBIT-% | |||||
ROA | 19.9 % | 26.9 % | 21.7 % | 22.0 % | 22.1 % |
ROE | 44.1 % | 41.8 % | 33.0 % | 36.9 % | |
ROI | 32.7 % | 42.1 % | 29.5 % | 27.5 % | 27.8 % |
Economic value added (EVA) | 3 585.13 | 5 371.10 | 6 538.49 | 8 178.53 | 5 964.11 |
Solvency | |||||
Equity ratio | 58.1 % | 44.5 % | 57.5 % | 53.0 % | 51.4 % |
Gearing | 1.1 % | 6.7 % | 16.7 % | 19.2 % | 24.8 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 1.1 | 1.6 | 1.9 | 1.9 | 1.9 |
Current ratio | 2.2 | 2.1 | 2.8 | 2.6 | 2.4 |
Cash and cash equivalents | 826.33 | 13 051.68 | 6 926.21 | 9 211.31 | 3 133.32 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | A | AA | AA | AA | A |
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