The Drilling Company of 1972 A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About The Drilling Company of 1972 A/S
The Drilling Company of 1972 A/S (CVR number: 40404716) is a company from RUDERSDAL. The company reported a net sales of 5.3 mUSD in 2024, demonstrating a growth of 778 % compared to the previous year. The operating profit percentage was poor at -4993.4 % (EBIT: -265.2 mUSD), while net earnings were -295.2 mUSD. The profitability of the company measured by Return on Assets (ROA) was -7.7 %, which can be considered poor and Return on Equity (ROE) was -12.3 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 74.3 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. The Drilling Company of 1972 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 financialsNet sales (kUSD)
EBIT (kUSD)
Profitability
Solidity
Key figures (kUSD)
See financials2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|
Volume | ||||
Net sales | 314.00 | 605.00 | 5 312.00 | |
Gross profit | -9 469.00 | -26 659.00 | - 415.00 | 143.00 |
EBIT | -9 563.00 | -26 753.00 | - 547 357.00 | - 265 248.00 |
Net earnings | -35 833.00 | - 115 887.00 | - 557 720.00 | - 295 158.00 |
Shareholders equity total | 2 102 352.00 | 2 205 025.00 | 2 120 203.00 | 2 688 136.00 |
Balance sheet total (assets) | 3 173 207.00 | 3 463 292.00 | 2 699 059.00 | 3 619 249.00 |
Net debt | 656 160.00 | 1 248 349.00 | 577 769.00 | 928 962.00 |
Profitability | ||||
EBIT-% | -8520.1 % | -90472.2 % | -4993.4 % | |
ROA | 0.5 % | 0.1 % | -16.7 % | -7.7 % |
ROE | -1.7 % | -5.4 % | -25.8 % | -12.3 % |
ROI | 0.5 % | 0.1 % | -16.7 % | -7.7 % |
Economic value added (EVA) | -7 590.79 | - 186 037.67 | - 715 834.45 | - 390 590.26 |
Solvency | ||||
Equity ratio | 66.3 % | 63.7 % | 78.6 % | 74.3 % |
Gearing | 49.6 % | 56.6 % | 27.3 % | 34.6 % |
Relative net indebtedness % | 400595.5 % | 95671.1 % | 17514.8 % | |
Liquidity | ||||
Quick ratio | 3.0 | 0.6 | 0.9 | 0.5 |
Current ratio | 3.0 | 0.6 | 0.9 | 0.5 |
Cash and cash equivalents | 386 386.00 | 397.00 | 46.00 | 726.00 |
Capital use efficiency | ||||
Trade debtors turnover (days) | 39.8 | |||
Net working capital % | -167558.3 % | -10580.7 % | -8672.3 % | |
Credit risk | ||||
Credit rating | BBB | A | BBB | BBB |
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