DNV Denmark A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About DNV Denmark A/S
DNV Denmark A/S (CVR number: 89832314) is a company from GENTOFTE. The company reported a net sales of 468.7 mDKK in 2023, demonstrating a growth of 8.7 % compared to the previous year. The operating profit percentage was at 9 % (EBIT: 42.2 mDKK), while net earnings were 33.6 mDKK. The profitability of the company measured by Return on Assets (ROA) was 24.4 %, which can be considered excellent and Return on Equity (ROE) was 50.1 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 34.9 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. DNV Denmark A/S's liquidity measured by quick ratio was 1.5 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 380.13 | 361.58 | 387.68 | 431.13 | 468.70 |
Gross profit | 219.40 | 206.49 | 212.94 | 225.74 | 248.56 |
EBIT | 43.39 | 50.51 | 42.66 | 48.88 | 42.24 |
Net earnings | 32.13 | 38.40 | 32.87 | 37.25 | 33.56 |
Shareholders equity total | 68.68 | 77.08 | 42.95 | 70.20 | 63.77 |
Balance sheet total (assets) | 172.76 | 212.34 | 175.32 | 181.59 | 182.49 |
Net debt | 18.63 | 10.32 | |||
Profitability | |||||
EBIT-% | 11.4 % | 14.0 % | 11.0 % | 11.3 % | 9.0 % |
ROA | 26.6 % | 26.2 % | 22.0 % | 27.6 % | 24.4 % |
ROE | 46.8 % | 52.7 % | 54.8 % | 65.8 % | 50.1 % |
ROI | 32.7 % | 26.2 % | 22.0 % | 37.2 % | 54.6 % |
Economic value added (EVA) | 39.94 | 47.05 | 38.79 | 35.26 | 28.61 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 38.7 % | 34.9 % |
Gearing | 26.5 % | 16.2 % | |||
Relative net indebtedness % | 25.8 % | 25.3 % | |||
Liquidity | |||||
Quick ratio | 1.6 | 1.5 | |||
Current ratio | 1.6 | 1.5 | |||
Cash and cash equivalents | |||||
Capital use efficiency | |||||
Trade debtors turnover (days) | 50.7 | 52.4 | |||
Net working capital % | 14.8 % | 12.4 % | |||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | AA | AA |
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