IDAGAARDFONDEN — Credit Rating and Financial Key Figures
Credit rating
Company information
About IDAGAARDFONDEN
IDAGAARDFONDEN (CVR number: 57977019) is a company from SLAGELSE. The company reported a net sales of 14.4 mDKK in 2024, demonstrating a growth of 1.9 % compared to the previous year. The operating profit percentage was at 66 % (EBIT: 9.5 mDKK), while net earnings were 11.5 mDKK. The profitability of the company measured by Return on Assets (ROA) was 6.1 %, which can be considered decent and Return on Equity (ROE) was 5.2 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 76.3 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. IDAGAARDFONDEN's liquidity measured by quick ratio was 2.3 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 financials| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | 10 871.53 | 14 467.84 | 14 085.65 | 14 095.04 | 14 360.54 | 
| Gross profit | 4 484.55 | 6 573.25 | 7 890.51 | 2 002.61 | 18 613.37 | 
| EBIT | 1 343.56 | 2 525.92 | 2 425.89 | -4 169.89 | 9 472.72 | 
| Net earnings | 24 733.39 | -8 105.70 | 8 123.55 | 11 645.56 | 11 485.26 | 
| Shareholders equity total | 206 845.67 | 197 921.98 | 205 681.76 | 217 085.32 | 222 643.44 | 
| Balance sheet total (assets) | 226 364.88 | 228 017.09 | 247 580.26 | 261 669.29 | 291 801.01 | 
| Net debt | - 124 451.00 | -91 093.18 | -89 295.32 | -92 063.23 | -62 623.88 | 
| Profitability | |||||
| EBIT-% | 12.4 % | 17.5 % | 17.2 % | -29.6 % | 66.0 % | 
| ROA | 14.2 % | 3.2 % | 4.8 % | 6.4 % | 6.1 % | 
| ROE | 12.7 % | -4.0 % | 4.0 % | 5.5 % | 5.2 % | 
| ROI | 14.6 % | 3.2 % | 4.9 % | 6.5 % | 6.2 % | 
| Economic value added (EVA) | -8 175.09 | -8 721.31 | -9 390.73 | -15 697.54 | -2 961.05 | 
| Solvency | |||||
| Equity ratio | 91.4 % | 86.8 % | 83.1 % | 83.0 % | 76.3 % | 
| Gearing | 5.8 % | 13.6 % | 17.6 % | 17.7 % | 27.1 % | 
| Relative net indebtedness % | -1077.4 % | -607.1 % | -604.9 % | -615.2 % | -376.5 % | 
| Liquidity | |||||
| Quick ratio | 7.3 | 4.0 | 3.2 | 3.1 | 2.3 | 
| Current ratio | 7.3 | 4.1 | 3.3 | 3.1 | 2.3 | 
| Cash and cash equivalents | 136 345.66 | 117 925.44 | 125 559.08 | 130 571.91 | 123 017.68 | 
| Capital use efficiency | |||||
| Trade debtors turnover (days) | 36.9 | 114.5 | |||
| Net working capital % | -148.5 % | -167.4 % | -222.0 % | -268.7 % | -280.3 % | 
| Credit risk | |||||
| Credit rating | AA | AA | AAA | AA | AAA | 
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