Gas Turbine Services A/S — Credit Rating and Financial Key Figures

CVR number: 20589183
Murervej 4-6, 6710 Esbjerg V
gts@gasturbineservices.com
tel: 75468030
gasturbineservices.com

Company information

Official name
Gas Turbine Services A/S
Personnel
23 persons
Established
1997
Company form
Limited company
Industry

About Gas Turbine Services A/S

Gas Turbine Services A/S (CVR number: 20589183) is a company from ESBJERG. The company recorded a gross profit of 44.6 mDKK in 2023. The operating profit was 29 mDKK, while net earnings were 19.4 mDKK. The profitability of the company measured by Return on Assets (ROA) was 13.3 %, which can be considered good but Return on Equity (ROE) was 17.1 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 52.8 %, 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. Gas Turbine Services A/S's liquidity measured by quick ratio was 0.8 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
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit18 180.0015 446.0018 201.0036 965.0044 595.06
EBIT7 717.003 825.006 647.0023 670.0028 951.55
Net earnings5 248.001 775.004 566.0017 272.0019 398.63
Shareholders equity total80 376.0082 119.0086 710.00103 958.00123 327.63
Balance sheet total (assets)138 329.00150 755.00161 636.00204 857.00252 304.55
Net debt64 552.0083 698.03
Profitability
EBIT-%
ROA5.8 %2.6 %4.3 %13.3 %13.3 %
ROE6.7 %2.2 %5.4 %18.1 %17.1 %
ROI6.0 %2.6 %4.3 %14.6 %15.9 %
Economic value added (EVA)1 838.45- 213.892 520.5214 105.1013 957.55
Solvency
Equity ratio100.0 %100.0 %100.0 %52.9 %52.8 %
Gearing62.7 %69.6 %
Relative net indebtedness %
Liquidity
Quick ratio0.70.8
Current ratio2.11.8
Cash and cash equivalents639.002 178.58
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBAAA

Variable visualization

ROA:13.3%
Rating: 63/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:52.8%
Rating: 42/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Board member
Board member

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