ASSP - Danish Electric Vehicles A/S — Credit Rating and Financial Key Figures

CVR number: 40519629
Aalborgvej 4, 9500 Hobro

Company information

Official name
ASSP - Danish Electric Vehicles A/S
Personnel
9 persons
Established
2019
Company form
Limited company
Industry

About ASSP - Danish Electric Vehicles A/S

ASSP - Danish Electric Vehicles A/S (CVR number: 40519629) is a company from MARIAGERFJORD. The company recorded a gross profit of 4392.1 kDKK in 2024. The operating profit was 1683.1 kDKK, while net earnings were 1254.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 24.3 %, which can be considered excellent and Return on Equity (ROE) was 43.8 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 46.7 %, 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. ASSP - Danish Electric Vehicles A/S's liquidity measured by quick ratio was 1 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.

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 profit3 119.375 801.223 447.753 087.964 392.07
EBIT990.602 499.75462.58955.161 683.11
Net earnings671.481 996.22269.66665.881 254.40
Shareholders equity total2 305.083 301.301 570.962 236.843 491.25
Balance sheet total (assets)5 364.418 441.905 794.417 272.527 472.84
Net debt-2 765.79-3 236.481 979.191 021.451 795.01
Profitability
EBIT-%
ROA21.3 %38.3 %7.0 %15.4 %24.3 %
ROE34.1 %71.2 %11.1 %35.0 %43.8 %
ROI50.6 %81.8 %12.0 %22.0 %32.4 %
Economic value added (EVA)698.631 825.28150.64530.691 061.12
Solvency
Equity ratio44.1 %39.7 %27.8 %31.3 %46.7 %
Gearing26.0 %168.7 %120.6 %75.4 %
Relative net indebtedness %
Liquidity
Quick ratio1.50.90.40.71.0
Current ratio1.71.61.31.41.8
Cash and cash equivalents2 765.794 093.24671.211 675.52835.76
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBAA

Variable visualization

ROA:24.3%
Rating: 80/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:46.7%
Rating: 38/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Chief executive officer
Board member

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