Credit rating
Company information
About FARNELL DANMARK A/S
FARNELL DANMARK A/S (CVR number: 13919941) is a company from HERLEV. The company reported a net sales of 137.5 mDKK in 2022, demonstrating a growth of 5.7 % compared to the previous year. The operating profit percentage was at 2.7 % (EBIT: 3.7 mDKK), while net earnings were 3093 kDKK. The profitability of the company measured by Return on Assets (ROA) was 9.4 %, which can be considered good and Return on Equity (ROE) was 11.1 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 59.9 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. FARNELL DANMARK A/S's liquidity measured by quick ratio was 2.5 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 financials2018 | 2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 118.55 | 110.27 | 104.95 | 130.06 | 137.50 |
Gross profit | 9.07 | 10.09 | 8.61 | 10.54 | 9.07 |
EBIT | 2.60 | 3.81 | 2.76 | 4.21 | 3.69 |
Net earnings | 1.99 | 3.01 | 2.11 | 3.40 | 3.09 |
Shareholders equity total | 18.81 | 21.04 | 23.67 | 26.87 | 28.74 |
Balance sheet total (assets) | 36.66 | 39.38 | 43.09 | 46.99 | 48.00 |
Net debt | -12.33 | 4.62 | 1.80 | 7.72 | 8.17 |
Profitability | |||||
EBIT-% | 2.2 % | 3.5 % | 2.6 % | 3.2 % | 2.7 % |
ROA | 7.4 % | 10.3 % | 6.8 % | 9.7 % | 9.4 % |
ROE | 11.1 % | 15.1 % | 9.4 % | 13.4 % | 11.1 % |
ROI | 9.6 % | 13.3 % | 8.9 % | 12.2 % | 11.1 % |
Economic value added (EVA) | 2.07 | 3.15 | 1.29 | 2.46 | 1.45 |
Solvency | |||||
Equity ratio | 51.3 % | 53.4 % | 54.9 % | 57.2 % | 59.9 % |
Gearing | 47.5 % | 46.8 % | 37.6 % | 45.8 % | 43.1 % |
Relative net indebtedness % | -2.9 % | 11.9 % | 11.8 % | 11.9 % | 10.9 % |
Liquidity | |||||
Quick ratio | 2.0 | 2.1 | 2.2 | 2.3 | 2.5 |
Current ratio | 2.0 | 2.1 | 2.2 | 2.3 | 2.5 |
Cash and cash equivalents | 21.27 | 5.22 | 7.09 | 4.59 | 4.22 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 46.2 | 35.4 | 52.4 | 54.0 | 52.9 |
Net working capital % | 15.7 % | 18.8 % | 22.3 % | 20.7 % | 20.9 % |
Credit risk | |||||
Credit rating | BBB | A | A | BBB | BB |
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