Salling Group Ejendomme A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Salling Group Ejendomme A/S
Salling Group Ejendomme A/S (CVR number: 21503894) is a company from AARHUS. The company reported a net sales of 1779 mDKK in 2023, demonstrating a growth of 5.1 % compared to the previous year. The operating profit percentage was at 39.1 % (EBIT: 695 mDKK), while net earnings were 467 mDKK. The profitability of the company measured by Return on Assets (ROA) was 6.8 %, which can be considered decent but Return on Equity (ROE) was 15.3 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 27.9 %, 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. Salling Group Ejendomme A/S's liquidity measured by quick ratio was 2.8 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 | 1 488.00 | 1 553.00 | 1 641.00 | 1 692.00 | 1 779.00 |
Gross profit | 1 488.00 | 1 553.00 | 1 641.00 | 1 031.00 | 1 004.00 |
EBIT | 613.00 | 644.00 | 660.00 | 741.00 | 695.00 |
Net earnings | 343.00 | 378.00 | 415.00 | 485.00 | 467.00 |
Shareholders equity total | 2 378.00 | 2 494.00 | 2 653.00 | 3 078.00 | 3 016.00 |
Balance sheet total (assets) | 10 577.00 | 11 136.00 | 10 881.00 | 10 922.00 | 10 812.00 |
Net debt | 7 235.00 | 7 113.00 | |||
Profitability | |||||
EBIT-% | 41.2 % | 41.5 % | 40.2 % | 43.8 % | 39.1 % |
ROA | 5.4 % | 5.9 % | 6.0 % | 6.9 % | 6.8 % |
ROE | 14.7 % | 15.5 % | 16.1 % | 16.9 % | 15.3 % |
ROI | 5.4 % | 5.9 % | 6.0 % | 7.0 % | 6.9 % |
Economic value added (EVA) | 40.75 | 524.51 | 534.68 | 448.22 | 62.34 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 28.2 % | 27.9 % |
Gearing | 235.3 % | 235.8 % | |||
Relative net indebtedness % | 433.5 % | 408.5 % | |||
Liquidity | |||||
Quick ratio | 5.0 | 2.8 | |||
Current ratio | 5.0 | 2.8 | |||
Cash and cash equivalents | 6.00 | ||||
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | 58.2 % | 42.6 % | |||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | AA | AA |
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