EUROPEAN COMPOSIT RECYCLING TECHNOLOGY A/S
Credit rating
Company information
About the company
EUROPEAN COMPOSIT RECYCLING TECHNOLOGY A/S (CVR number: 34601240) is a company from GULDBORGSUND. The company recorded a gross profit of 6 kDKK in 2022. The operating profit was -259.6 kDKK, while net earnings were -206.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was -13.3 %, which can be considered poor and Return on Equity (ROE) was -17.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -40.4 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. EUROPEAN COMPOSIT RECYCLING TECHNOLOGY A/S's liquidity measured by quick ratio was 33 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 financials2018 | 2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | - 175.00 | 847.10 | 200.73 | 396.25 | 5.98 |
EBIT | - 215.00 | 806.83 | 214.62 | 315.02 | - 259.58 |
Net earnings | - 656.00 | 889.23 | 213.85 | 292.54 | - 206.16 |
Shareholders equity total | -1 899.00 | -1 010.29 | - 796.43 | - 503.90 | - 710.06 |
Balance sheet total (assets) | 368.00 | 296.79 | 518.69 | 1 304.27 | 1 047.80 |
Net debt | 2 200.00 | 780.34 | 857.09 | 1 145.34 | 1 647.97 |
Profitability | |||||
EBIT-% | |||||
ROA | -9.0 % | 45.1 % | 16.4 % | 20.2 % | -13.3 % |
ROE | -79.9 % | 267.5 % | 52.4 % | 32.1 % | -17.5 % |
ROI | -9.3 % | 53.4 % | 24.0 % | 23.7 % | -13.8 % |
Economic value added (EVA) | -65.06 | 1 011.95 | 267.53 | 404.14 | - 148.47 |
Solvency | |||||
Equity ratio | -83.8 % | -77.3 % | -80.2 % | -27.9 % | -40.4 % |
Gearing | -115.9 % | -81.4 % | -121.6 % | -335.8 % | -243.9 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 0.1 | 0.2 | 13.7 | 5.4 | 33.0 |
Current ratio | 0.1 | 0.2 | 1.0 | 5.4 | 33.0 |
Cash and cash equivalents | 1.00 | 42.54 | 111.50 | 546.72 | 83.63 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | B | B | BB | BB | B |
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