Agat Development A/S — Credit Rating and Financial Key Figures

CVR number: 18260476
Mølleå 1, 9000 Aalborg
msj@tk.dk

Company information

Official name
Agat Development A/S
Established
1993
Company form
Limited company
Industry

About Agat Development A/S

Agat Development A/S (CVR number: 18260476K) is a company from AALBORG. The company reported a net sales of 54.6 mDKK in 2018, demonstrating a growth of 103.8 % compared to the previous year. The operating profit percentage was at 13.7 % (EBIT: 7.5 mDKK), while net earnings were -19.9 mDKK. The profitability of the company measured by Return on Assets (ROA) was 4.1 %, which can be considered decent but Return on Equity (ROE) was -17.4 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 42.7 %, 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. Agat Development A/S's liquidity measured by quick ratio was 0.5 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.

Financial information

See financials

Net sales (mDKK)

EBIT (mDKK)

Profitability

Solidity

Key figures (mDKK)

See financials
2014
2015
2016
2017
2018
Volume
Net sales98.3839.7888.6526.7854.56
Gross profit0.637.2411.024.747.95
EBIT0.276.8510.674.387.50
Net earnings-45.254.936.51- 109.61-19.94
Shareholders equity total220.60227.62234.13124.52104.58
Balance sheet total (assets)467.48402.30377.05293.30244.98
Net debt218.57156.85130.40156.37156.38
Profitability
EBIT-%0.3 %17.2 %12.0 %16.3 %13.7 %
ROA2.2 %3.7 %5.8 %1.9 %4.1 %
ROE-18.6 %2.2 %2.8 %-61.1 %-17.4 %
ROI2.3 %3.9 %6.0 %2.0 %4.2 %
Economic value added (EVA)-22.63-15.88-10.96-14.42-7.02
Solvency
Equity ratio47.2 %56.6 %62.1 %42.5 %42.7 %
Gearing99.1 %68.9 %55.7 %125.6 %130.5 %
Relative net indebtedness %250.9 %439.1 %161.2 %630.3 %293.9 %
Liquidity
Quick ratio0.50.10.40.50.5
Current ratio1.31.31.41.31.6
Cash and cash equivalents-19.94
Capital use efficiency
Trade debtors turnover (days)205.95.44.622.874.2
Net working capital %82.6 %124.5 %58.2 %209.0 %142.0 %
Credit risk
Credit ratingBBBAAAAAAAA

Variable visualization

ROA:4.11%
Rating: 40/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:42.7%
Rating: 35/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Chairman of the board

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