BLUE AIR SERVICE A/S — Credit Rating and Financial Key Figures

CVR number: 10292476
Lumbyvej 75, Næsby 5000 Odense C

Credit rating

Company information

Official name
BLUE AIR SERVICE A/S
Established
1986
Domicile
Næsby
Company form
Limited company
Industry

About BLUE AIR SERVICE A/S

BLUE AIR SERVICE A/S (CVR number: 10292476) is a company from ODENSE. The company recorded a gross profit of 239.5 kDKK in 2024. The operating profit was 205.5 kDKK, while net earnings were 153.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 2.6 %, which can be considered weak and Return on Equity (ROE) was 2 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 90.4 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. BLUE AIR SERVICE A/S's liquidity measured by quick ratio was 3.9 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit260.60204.70244.18392.81239.50
EBIT226.56170.67210.15358.78205.47
Net earnings146.1096.30131.33285.46153.25
Shareholders equity total8 137.918 177.717 909.047 794.507 886.75
Balance sheet total (assets)9 007.199 048.158 582.768 824.798 727.09
Net debt-2 384.80-2 445.41-2 233.50-2 204.63-2 290.85
Profitability
EBIT-%
ROA2.5 %1.9 %2.4 %4.4 %2.6 %
ROE1.8 %1.2 %1.6 %3.6 %2.0 %
ROI2.6 %1.9 %2.4 %4.6 %2.6 %
Economic value added (EVA)- 262.25- 310.60- 282.26- 140.52- 270.17
Solvency
Equity ratio90.3 %90.4 %92.2 %88.3 %90.4 %
Gearing6.1 %6.3 %3.8 %7.7 %5.8 %
Relative net indebtedness %
Liquidity
Quick ratio4.14.24.93.23.9
Current ratio4.14.24.93.23.9
Cash and cash equivalents2 878.992 963.192 530.552 806.612 744.42
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBABBB

Variable visualization

ROA:2.55%
Rating: 33/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:90.4%
Rating: 71/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member

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