PRO-AIR A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About PRO-AIR A/S
PRO-AIR A/S (CVR number: 29220891) is a company from SKIVE. The company recorded a gross profit of 364.1 kDKK in 2023. The operating profit was -229.4 kDKK, while net earnings were -179.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was -7 %, which can be considered poor and Return on Equity (ROE) was -6.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 88.1 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. PRO-AIR A/S's liquidity measured by quick ratio was 2.5 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 | 1 157.22 | 1 088.12 | 1 634.82 | 1 204.94 | 364.10 |
EBIT | 44.63 | 24.69 | 626.47 | 345.15 | - 229.39 |
Net earnings | 12.24 | 13.27 | 476.25 | 259.07 | - 179.14 |
Shareholders equity total | 2 091.35 | 2 104.62 | 2 580.87 | 2 839.95 | 2 660.81 |
Balance sheet total (assets) | 2 693.93 | 2 564.79 | 3 084.06 | 3 326.89 | 3 018.77 |
Net debt | - 615.94 | - 634.80 | - 625.92 | - 842.10 | - 610.90 |
Profitability | |||||
EBIT-% | |||||
ROA | 1.7 % | 1.1 % | 22.3 % | 10.8 % | -7.0 % |
ROE | 0.6 % | 0.6 % | 20.3 % | 9.6 % | -6.5 % |
ROI | 2.1 % | 1.3 % | 25.4 % | 12.2 % | -7.7 % |
Economic value added (EVA) | -20.00 | -49.13 | 420.63 | 177.57 | - 272.37 |
Solvency | |||||
Equity ratio | 77.6 % | 82.1 % | 83.7 % | 85.4 % | 88.1 % |
Gearing | 5.9 % | 6.1 % | 5.2 % | 5.0 % | 5.6 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 1.8 | 2.3 | 3.3 | 3.4 | 2.5 |
Current ratio | 4.4 | 5.5 | 8.0 | 8.0 | 8.5 |
Cash and cash equivalents | 738.51 | 763.50 | 761.05 | 983.99 | 759.89 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BBB | BBB |
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