DAVIDSEN LANDBRUG A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About DAVIDSEN LANDBRUG A/S
DAVIDSEN LANDBRUG A/S (CVR number: 36449136) is a company from BILLUND. The company recorded a gross profit of -20 kDKK in 2023. The operating profit was -20 kDKK, while net earnings were -50 kDKK. The profitability of the company measured by Return on Assets (ROA) was -0.9 %, which can be considered poor and Return on Equity (ROE) was -7.1 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 43.3 %, 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. DAVIDSEN LANDBRUG A/S's liquidity measured by quick ratio was 1.8 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 | 6 761.36 | 7 133.51 | 14 622.19 | 5 395.55 | -20.00 |
EBIT | 1 932.73 | 2 385.31 | 6 898.21 | -1 780.05 | -20.00 |
Net earnings | - 173.58 | 631.76 | 4 104.70 | -2 067.99 | -50.02 |
Shareholders equity total | -1 940.38 | -1 308.62 | 2 796.09 | 728.10 | 678.08 |
Balance sheet total (assets) | 53 980.86 | 53 426.62 | 52 338.62 | 1 500.00 | 1 566.31 |
Net debt | 50 352.74 | 49 646.10 | 41 084.61 | -1 500.31 | |
Profitability | |||||
EBIT-% | |||||
ROA | 3.4 % | 4.3 % | 12.9 % | -5.2 % | -0.9 % |
ROE | -0.3 % | 1.2 % | 14.6 % | -117.4 % | -7.1 % |
ROI | 3.7 % | 4.7 % | 14.4 % | -6.0 % | -2.0 % |
Economic value added (EVA) | - 496.30 | 998.27 | 3 685.56 | -3 905.74 | -56.52 |
Solvency | |||||
Equity ratio | 6.1 % | 6.3 % | 13.6 % | 48.5 % | 43.3 % |
Gearing | -2633.5 % | -3793.8 % | 1520.7 % | ||
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 0.4 | 0.3 | 0.7 | 1.9 | 1.8 |
Current ratio | 0.7 | 0.7 | 1.3 | 1.9 | 1.8 |
Cash and cash equivalents | 746.34 | 1 434.20 | 1 500.31 | ||
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | A | A | A | B | BB |
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