SINTEX A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About SINTEX A/S
SINTEX A/S (CVR number: 19848086) is a company from MARIAGERFJORD. The company reported a net sales of 265.1 mDKK in 2023, demonstrating a decline of -1.9 % compared to the previous year. The operating profit percentage was at 2.3 % (EBIT: 6 mDKK), while net earnings were 2271 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3.6 %, which can be considered weak but Return on Equity (ROE) was 6 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 20.3 %, 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. SINTEX 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 | 262.44 | 232.08 | 286.88 | 270.33 | 265.06 |
Gross profit | 46.33 | 36.96 | 84.93 | 34.13 | 40.63 |
EBIT | 46.33 | 36.96 | 84.93 | 4.24 | 6.03 |
Net earnings | 19.69 | 9.40 | 43.19 | 2.94 | 2.27 |
Shareholders equity total | 71.32 | 45.72 | 73.91 | 36.85 | 39.12 |
Balance sheet total (assets) | 197.51 | 155.98 | 180.70 | 188.42 | 192.89 |
Net debt | 121.19 | 92.89 | |||
Profitability | |||||
EBIT-% | 17.7 % | 15.9 % | 29.6 % | 1.6 % | 2.3 % |
ROA | 23.1 % | 20.9 % | 50.5 % | 2.9 % | 3.6 % |
ROE | 28.1 % | 16.1 % | 72.2 % | 5.3 % | 6.0 % |
ROI | 25.0 % | 20.9 % | 50.5 % | 3.1 % | 4.6 % |
Economic value added (EVA) | 42.88 | 33.38 | 82.64 | -0.66 | 2.41 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 19.7 % | 20.3 % |
Gearing | 328.8 % | 237.4 % | |||
Relative net indebtedness % | 55.3 % | 56.9 % | |||
Liquidity | |||||
Quick ratio | 1.1 | 1.3 | |||
Current ratio | 2.3 | 2.5 | |||
Cash and cash equivalents | |||||
Capital use efficiency | |||||
Trade debtors turnover (days) | 46.4 | 32.0 | |||
Net working capital % | 32.2 % | 31.2 % | |||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | A | A |
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