ELKÆR A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About ELKÆR A/S
ELKÆR A/S (CVR number: 14309586) is a company from VEJLE. The company recorded a gross profit of -213.5 kDKK in 2023. The operating profit was -1135.4 kDKK, while net earnings were -70.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 0.1 %, which can be considered weak but Return on Equity (ROE) was -0.1 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 97.6 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. ELKÆR A/S's liquidity measured by quick ratio was 9.7 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 | 15.91 | -39.98 | -55.03 | - 104.96 | - 213.46 | 
| EBIT | - 260.36 | - 518.74 | - 500.86 | - 515.60 | -1 135.35 | 
| Net earnings | -1 218.48 | 1 955.30 | - 308.82 | 6 307.69 | -70.39 | 
| Shareholders equity total | 66 070.90 | 67 915.60 | 67 493.78 | 73 687.07 | 71 616.68 | 
| Balance sheet total (assets) | 73 996.43 | 83 616.55 | 79 227.28 | 75 039.06 | 73 390.20 | 
| Net debt | 3 392.68 | 2 198.56 | 2 259.63 | -14 726.62 | -12 290.94 | 
| Profitability | |||||
| EBIT-% | |||||
| ROA | -0.6 % | 4.2 % | 0.4 % | 7.3 % | 0.1 % | 
| ROE | -1.8 % | 2.9 % | -0.5 % | 8.9 % | -0.1 % | 
| ROI | -0.7 % | 4.4 % | 0.4 % | 7.4 % | 0.1 % | 
| Economic value added (EVA) | -4 198.81 | -3 855.41 | -4 372.20 | -4 517.31 | -4 533.12 | 
| Solvency | |||||
| Equity ratio | 89.3 % | 81.2 % | 85.2 % | 98.2 % | 97.6 % | 
| Gearing | 6.2 % | 17.7 % | 15.9 % | 0.7 % | 2.1 % | 
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 5.6 | 3.4 | 4.2 | 20.8 | 9.7 | 
| Current ratio | 5.6 | 3.4 | 4.2 | 20.8 | 9.7 | 
| Cash and cash equivalents | 719.83 | 9 817.86 | 8 494.33 | 15 209.04 | 13 790.36 | 
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BBB | A | A | A | A | 
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