Credit rating
Company information
About ASSENS RENSNING A/S
ASSENS RENSNING A/S (CVR number: 35256504) is a company from ASSENS. The company reported a net sales of 20.6 mDKK in 2023, demonstrating a decline of -9.3 % compared to the previous year. The operating profit percentage was poor at -71.6 % (EBIT: -14.8 mDKK), while net earnings were -20.3 mDKK. The profitability of the company measured by Return on Assets (ROA) was -4.1 %, which can be considered poor and Return on Equity (ROE) was -25.3 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 19.9 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. ASSENS RENSNING A/S's liquidity measured by quick ratio was 2 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 financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 23 495.00 | 22 643.00 | 23 280.00 | 22 744.00 | 20 629.00 |
Gross profit | 2 551.00 | 140.00 | 44.00 | 3 316.00 | -11 033.00 |
EBIT | 103.00 | -2 596.00 | -2 551.00 | -5 821.00 | -14 778.00 |
Net earnings | 107.00 | -2 697.00 | -3 061.00 | -7 649.00 | -20 333.00 |
Shareholders equity total | 104 083.00 | 101 386.00 | 98 325.00 | 90 677.00 | 70 343.00 |
Balance sheet total (assets) | 128 450.00 | 183 173.00 | 262 574.00 | 370 436.00 | 353 968.00 |
Net debt | 811.00 | 39 161.00 | 132 881.00 | 264 562.00 | 275 996.00 |
Profitability | |||||
EBIT-% | 0.4 % | -11.5 % | -11.0 % | -25.6 % | -71.6 % |
ROA | 0.3 % | -1.5 % | -1.1 % | -1.8 % | -4.1 % |
ROE | 0.1 % | -2.6 % | -3.1 % | -8.1 % | -25.3 % |
ROI | 0.3 % | -1.7 % | -1.3 % | -1.9 % | -3.7 % |
Economic value added (EVA) | -5 529.57 | -7 818.48 | -9 454.09 | -17 305.49 | -32 171.84 |
Solvency | |||||
Equity ratio | 81.0 % | 55.3 % | 37.4 % | 24.5 % | 19.9 % |
Gearing | 13.2 % | 63.4 % | 135.4 % | 291.8 % | 392.4 % |
Relative net indebtedness % | 33.6 % | 233.6 % | 688.2 % | 1144.4 % | 989.8 % |
Liquidity | |||||
Quick ratio | 5.8 | 2.8 | 0.6 | 14.1 | 2.0 |
Current ratio | 5.8 | 2.8 | 0.6 | 14.1 | 2.0 |
Cash and cash equivalents | 12 901.00 | 25 131.00 | 267.00 | ||
Capital use efficiency | |||||
Trade debtors turnover (days) | 7.3 | 7.8 | 5.6 | 3.6 | 0.7 |
Net working capital % | 89.3 % | 116.1 % | -48.6 % | 71.3 % | 11.6 % |
Credit risk | |||||
Credit rating | A | BBB | BBB | BBB | BB |
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