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FARNELL DANMARK A/S — Credit Rating and Financial Key Figures
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 124.6 mDKK in 2024, demonstrating a growth of 4.5 % compared to the previous year. The operating profit percentage was at 1.8 % (EBIT: 2.2 mDKK), while net earnings were 2349 kDKK. The profitability of the company measured by Return on Assets (ROA) was 5.7 %, which can be considered decent and Return on Equity (ROE) was 7 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 60.3 %, 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. 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 financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | 104.95 | 130.06 | 137.50 | 119.22 | 124.62 |
| Gross profit | 8.61 | 10.54 | 9.07 | 10.44 | 9.75 |
| EBIT | 2.76 | 4.21 | 2.66 | 3.36 | 2.23 |
| Net earnings | 2.11 | 3.40 | 3.09 | 3.32 | 2.35 |
| Shareholders equity total | 23.67 | 26.87 | 28.74 | 32.37 | 34.28 |
| Balance sheet total (assets) | 43.09 | 46.99 | 48.00 | 49.02 | 56.84 |
| Net debt | 1.80 | 7.72 | 8.17 | 8.86 | 11.32 |
| Profitability | |||||
| EBIT-% | 2.6 % | 3.2 % | 1.9 % | 2.8 % | 1.8 % |
| ROA | 6.8 % | 9.7 % | 7.2 % | 8.9 % | 5.7 % |
| ROE | 9.4 % | 13.4 % | 11.1 % | 10.9 % | 7.0 % |
| ROI | 8.9 % | 12.2 % | 8.5 % | 10.2 % | 6.5 % |
| Economic value added (EVA) | 0.54 | 1.66 | -0.12 | 0.51 | -0.47 |
| Solvency | |||||
| Equity ratio | 54.9 % | 57.2 % | 59.9 % | 66.0 % | 60.3 % |
| Gearing | 37.6 % | 45.8 % | 43.1 % | 35.0 % | 45.1 % |
| Relative net indebtedness % | 11.8 % | 11.9 % | 10.9 % | 11.9 % | 14.8 % |
| Liquidity | |||||
| Quick ratio | 2.2 | 2.3 | 2.5 | 2.9 | 2.5 |
| Current ratio | 2.2 | 2.3 | 2.5 | 2.9 | 2.5 |
| Cash and cash equivalents | 7.09 | 4.59 | 4.22 | 2.48 | 4.14 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | 52.4 | 54.0 | 52.9 | 50.6 | 65.7 |
| Net working capital % | 22.3 % | 20.7 % | 20.9 % | 27.2 % | 27.5 % |
| Credit risk | |||||
| Credit rating | A | A | A | BBB | BBB |
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