Palmegaarden ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Palmegaarden ApS
Palmegaarden ApS (CVR number: 39629305) is a company from RUDERSDAL. The company reported a net sales of 0.8 mDKK in 2024, demonstrating a growth of 31.8 % compared to the previous year. The operating profit percentage was at 28.9 % (EBIT: 0.2 mDKK), while net earnings were 191.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 18.3 %, which can be considered excellent and Return on Equity (ROE) was 46.1 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 33.8 %, 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. Palmegaarden ApS's liquidity measured by quick ratio was 1.6 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 financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 442.30 | 572.79 | 676.03 | 643.34 | 848.18 |
Gross profit | 394.65 | 97.29 | 115.47 | 339.12 | 486.11 |
EBIT | 39.19 | 73.49 | 115.47 | 305.90 | 245.52 |
Net earnings | 30.57 | 57.32 | 90.07 | 238.61 | 191.50 |
Shareholders equity total | 86.80 | 87.13 | 177.20 | 415.80 | 415.78 |
Balance sheet total (assets) | 1 228.80 | 1 286.13 | 1 344.60 | 1 452.10 | 1 231.80 |
Net debt | 1 122.98 | 1 015.37 | 1 022.50 | 776.27 | 723.40 |
Profitability | |||||
EBIT-% | 8.9 % | 12.8 % | 17.1 % | 47.5 % | 28.9 % |
ROA | 4.8 % | 5.8 % | 8.8 % | 21.9 % | 18.3 % |
ROE | 42.7 % | 65.9 % | 68.2 % | 80.5 % | 46.1 % |
ROI | 4.8 % | 6.0 % | 9.1 % | 22.6 % | 19.2 % |
Economic value added (EVA) | 27.74 | -4.43 | 28.31 | 172.32 | 121.92 |
Solvency | |||||
Equity ratio | 7.1 % | 6.8 % | 13.2 % | 28.6 % | 33.8 % |
Gearing | 1315.6 % | 1310.8 % | 644.5 % | 233.0 % | 183.3 % |
Relative net indebtedness % | 253.9 % | 187.2 % | 155.0 % | 131.1 % | 91.7 % |
Liquidity | |||||
Quick ratio | 2.5 | 7.9 | 4.6 | 1.6 | |
Current ratio | 2.5 | 7.9 | 4.6 | 1.6 | |
Cash and cash equivalents | 19.02 | 126.63 | 119.50 | 192.73 | 38.60 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | 7.8 % | 14.8 % | 25.8 % | 37.3 % | 3.9 % |
Credit risk | |||||
Credit rating | BBB | BBB | BBB | A | BBB |
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