MERCEDES-BENZ DANMARK A/S
Credit rating
Company information
About MERCEDES-BENZ DANMARK A/S
MERCEDES-BENZ DANMARK A/S (CVR number: 14815198) is a company from KØBENHAVN. The company reported a net sales of 6061.3 mDKK in 2023, demonstrating a growth of 3.1 % compared to the previous year. The operating profit percentage was at 2.9 % (EBIT: 175.2 mDKK), while net earnings were 385.4 mDKK. The profitability of the company measured by Return on Assets (ROA) was 14.5 %, which can be considered good but Return on Equity (ROE) was 25.6 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 40.1 %, 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. MERCEDES-BENZ DANMARK A/S's liquidity measured by quick ratio was 1.3 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 4 868.92 | 4 563.14 | 5 230.30 | 5 880.07 | 6 061.25 |
Gross profit | 432.61 | 293.09 | 256.15 | 460.53 | 276.68 |
EBIT | 303.35 | 180.71 | 146.93 | 362.60 | 175.15 |
Net earnings | 1 661.20 | 135.07 | 86.64 | 407.24 | 385.36 |
Shareholders equity total | 3 069.13 | 1 542.99 | 1 494.56 | 1 815.16 | 1 200.51 |
Balance sheet total (assets) | 4 049.19 | 2 595.14 | 2 889.29 | 3 155.59 | 2 993.45 |
Net debt | 379.14 | 421.50 | 600.68 | ||
Profitability | |||||
EBIT-% | 6.2 % | 4.0 % | 2.8 % | 6.2 % | 2.9 % |
ROA | 9.1 % | 5.4 % | 8.3 % | 16.0 % | 14.5 % |
ROE | 70.3 % | 5.9 % | 5.7 % | 24.6 % | 25.6 % |
ROI | 9.1 % | 5.4 % | 5.4 % | 21.9 % | 20.1 % |
Economic value added (EVA) | 299.83 | 177.19 | 92.03 | 214.11 | 34.88 |
Solvency | |||||
Equity ratio | 99.1 % | 97.7 % | 51.7 % | 57.5 % | 40.1 % |
Gearing | 27.7 % | 23.5 % | 55.3 % | ||
Relative net indebtedness % | 23.9 % | 19.9 % | 25.4 % | ||
Liquidity | |||||
Quick ratio | 1.5 | 2.0 | 1.3 | ||
Current ratio | 1.7 | 2.1 | 1.4 | ||
Cash and cash equivalents | 34.46 | 5.25 | 63.31 | ||
Capital use efficiency | |||||
Trade debtors turnover (days) | 5.2 | 4.9 | 3.3 | ||
Net working capital % | 67.2 % | 39.9 % | 16.6 % | 21.2 % | 10.0 % |
Credit risk | |||||
Credit rating | BB | BBB | AA | AA | AA |
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