DEN ERHVERVSDRIVENDE FOND BLINDES ARBEJDE — Credit Rating and Financial Key Figures
Credit rating
Company information
About DEN ERHVERVSDRIVENDE FOND BLINDES ARBEJDE
DEN ERHVERVSDRIVENDE FOND BLINDES ARBEJDE (CVR number: 78069112) is a company from KØBENHAVN. The company reported a net sales of 11.1 mDKK in 2023, demonstrating a decline of -1.6 % compared to the previous year. The operating profit percentage was poor at -1.5 % (EBIT: -0.2 mDKK), while net earnings were -120.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was -3.5 %, which can be considered poor and Return on Equity (ROE) was -8.4 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 37.9 %, 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. DEN ERHVERVSDRIVENDE FOND BLINDES ARBEJDE's liquidity measured by quick ratio was 2.2 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 financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 9 918.13 | 10 844.38 | 11 148.69 | 11 266.80 | 11 086.46 |
Gross profit | 4 662.41 | 5 719.42 | 5 425.89 | 5 559.06 | 4 937.70 |
EBIT | - 919.38 | 1 244.18 | 786.17 | 831.62 | - 167.09 |
Net earnings | -1 016.65 | 1 171.48 | 706.70 | 619.53 | - 120.76 |
Shareholders equity total | - 993.13 | 178.35 | 885.05 | 1 504.58 | 1 383.83 |
Balance sheet total (assets) | 2 862.51 | 3 988.74 | 4 231.71 | 4 467.95 | 3 653.01 |
Net debt | -91.00 | -1 383.07 | - 980.64 | -2 002.17 | -1 301.84 |
Profitability | |||||
EBIT-% | -9.3 % | 11.5 % | 7.1 % | 7.4 % | -1.5 % |
ROA | -22.5 % | 31.7 % | 20.0 % | 19.5 % | -3.5 % |
ROE | -70.5 % | 77.0 % | 132.9 % | 51.9 % | -8.4 % |
ROI | -41.8 % | 53.1 % | 31.8 % | 35.8 % | -8.4 % |
Economic value added (EVA) | - 877.18 | 1 302.10 | 811.77 | 667.69 | -90.26 |
Solvency | |||||
Equity ratio | -25.8 % | 4.5 % | 20.9 % | 33.7 % | 37.9 % |
Gearing | -6.9 % | 158.8 % | 32.0 % | 18.8 % | 0.0 % |
Relative net indebtedness % | 37.3 % | 19.8 % | 18.7 % | 4.9 % | 7.9 % |
Liquidity | |||||
Quick ratio | 1.0 | 1.4 | 1.7 | 2.2 | 2.2 |
Current ratio | 1.6 | 1.9 | 2.4 | 3.1 | 3.3 |
Cash and cash equivalents | 159.46 | 1 666.27 | 1 263.85 | 2 285.37 | 1 302.09 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 18.5 | 6.5 | 10.3 | 6.6 | 6.9 |
Net working capital % | 9.3 % | 16.4 % | 21.3 % | 26.1 % | 20.8 % |
Credit risk | |||||
Credit rating | BB | BBB | BBB | A | BBB |
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