Credit rating
Company information
About 3M A/S
3M A/S (CVR number: 43335316) is a company from KØBENHAVN. The company reported a net sales of 432.3 mDKK in 2023, demonstrating a decline of -27 % compared to the previous year. The operating profit percentage was at 3.9 % (EBIT: 17.1 mDKK), while net earnings were 87.1 mDKK. The profitability of the company measured by Return on Assets (ROA) was 9 %, which can be considered good but Return on Equity (ROE) was 75.7 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 71.6 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. 3M A/S's liquidity measured by quick ratio was 3.4 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 (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 522.76 | 528.89 | 563.20 | 592.31 | 432.33 |
Gross profit | 107.69 | 91.95 | 95.43 | 96.52 | 65.81 |
EBIT | 29.13 | 24.31 | 25.16 | 29.48 | 17.06 |
Net earnings | 22.43 | 18.32 | 18.89 | 22.55 | 87.09 |
Shareholders equity total | 166.89 | 165.22 | 84.11 | 71.46 | 158.56 |
Balance sheet total (assets) | 250.51 | 238.74 | 154.10 | 177.04 | 221.30 |
Net debt | 32.96 | -51.83 | |||
Profitability | |||||
EBIT-% | 5.6 % | 4.6 % | 4.5 % | 5.0 % | 3.9 % |
ROA | 12.3 % | 9.9 % | 12.8 % | 17.9 % | 9.0 % |
ROE | 14.4 % | 11.0 % | 15.2 % | 29.0 % | 75.7 % |
ROI | 13.5 % | 9.9 % | 12.8 % | 19.9 % | 11.0 % |
Economic value added (EVA) | 27.60 | 15.92 | 16.86 | 18.58 | 22.62 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 40.4 % | 71.6 % |
Gearing | 96.2 % | 14.8 % | |||
Relative net indebtedness % | 11.3 % | -3.3 % | |||
Liquidity | |||||
Quick ratio | 1.6 | 3.4 | |||
Current ratio | 1.7 | 3.5 | |||
Cash and cash equivalents | 35.81 | 75.36 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 57.6 | 70.3 | |||
Net working capital % | 11.9 % | 35.2 % | |||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | A | BBB |
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