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 503.8 mDKK in 2024, demonstrating a growth of 7.5 % compared to the previous year. The operating profit percentage was at 7.1 % (EBIT: 35.7 mDKK), while net earnings were 28.8 mDKK. The profitability of the company measured by Return on Assets (ROA) was 21.3 %, which can be considered excellent and Return on Equity (ROE) was 45.6 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 35.4 %, 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 1.2 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 financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 361.58 | 387.68 | 431.13 | 468.70 | 503.78 |
Gross profit | 206.49 | 212.94 | 225.74 | 248.56 | 263.38 |
EBIT | 50.51 | 42.66 | 48.88 | 42.24 | 35.69 |
Net earnings | 38.40 | 32.87 | 37.25 | 33.56 | 28.81 |
Shareholders equity total | 77.08 | 42.95 | 70.20 | 63.77 | 62.58 |
Balance sheet total (assets) | 212.34 | 175.32 | 181.59 | 182.49 | 176.75 |
Net debt | 10.32 | 13.95 | |||
Profitability | |||||
EBIT-% | 14.0 % | 11.0 % | 11.3 % | 9.0 % | 7.1 % |
ROA | 26.2 % | 22.0 % | 27.4 % | 24.4 % | 21.3 % |
ROE | 52.7 % | 54.8 % | 65.8 % | 50.1 % | 45.6 % |
ROI | 26.2 % | 22.0 % | 27.4 % | 34.8 % | 50.9 % |
Economic value added (EVA) | 47.05 | 38.79 | 46.72 | 28.61 | 23.54 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 34.9 % | 35.4 % |
Gearing | 16.2 % | 22.3 % | |||
Relative net indebtedness % | 25.3 % | 22.7 % | |||
Liquidity | |||||
Quick ratio | 1.5 | 1.2 | |||
Current ratio | 1.5 | 1.2 | |||
Cash and cash equivalents | |||||
Capital use efficiency | |||||
Trade debtors turnover (days) | 52.4 | 47.0 | |||
Net working capital % | 12.4 % | 5.1 % | |||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | AA | AA |
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