Danish Agro Maskiner A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Danish Agro Maskiner A/S
Danish Agro Maskiner A/S (CVR number: 75297319) is a company from FREDERICIA. The company reported a net sales of 680.9 mDKK in 2023. The operating profit percentage was at 5.2 % (EBIT: 35.4 mDKK), while net earnings were 25.6 mDKK. The profitability of the company measured by Return on Assets (ROA) was 15.2 %, which can be considered excellent and Return on Equity (ROE) was 34 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 39.1 %, 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. Danish Agro Maskiner A/S's liquidity measured by quick ratio was 0.9 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 680 889.00 | ||||
Gross profit | 39 566.00 | 41 772.00 | 46 675.00 | 52 882.00 | 55 368.00 |
EBIT | 23 324.00 | 23 648.00 | 27 406.00 | 33 476.00 | 35 400.00 |
Net earnings | 17 181.00 | 18 121.00 | 20 809.00 | 27 093.00 | 25 574.00 |
Shareholders equity total | 58 999.00 | 62 120.00 | 67 929.00 | 75 022.00 | 75 596.00 |
Balance sheet total (assets) | 119 569.00 | 142 410.00 | 138 080.00 | 284 173.00 | 193 459.00 |
Net debt | 19 843.00 | 19 060.00 | 13 707.00 | 21 269.00 | 44 441.00 |
Profitability | |||||
EBIT-% | 5.2 % | ||||
ROA | 20.4 % | 18.2 % | 20.4 % | 16.6 % | 15.2 % |
ROE | 29.7 % | 29.9 % | 32.0 % | 37.9 % | 34.0 % |
ROI | 28.8 % | 25.9 % | 31.1 % | 35.0 % | 29.7 % |
Economic value added (EVA) | 15 294.40 | 15 428.02 | 18 224.12 | 22 653.39 | 23 734.12 |
Solvency | |||||
Equity ratio | 49.3 % | 43.6 % | 49.2 % | 26.4 % | 39.1 % |
Gearing | 33.7 % | 30.7 % | 20.2 % | 28.4 % | 58.8 % |
Relative net indebtedness % | 15.1 % | ||||
Liquidity | |||||
Quick ratio | 1.6 | 1.3 | 1.7 | 1.2 | 0.9 |
Current ratio | 2.4 | 2.0 | 2.3 | 1.4 | 1.9 |
Cash and cash equivalents | 37.00 | 32.00 | 32.00 | 34.00 | 35.00 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 4.3 | ||||
Net working capital % | 12.9 % | ||||
Credit risk | |||||
Credit rating | AAA | AA | AAA | A | AA |
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