DANSKE COMMODITIES A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About DANSKE COMMODITIES A/S
DANSKE COMMODITIES A/S (CVR number: 28113951K) is a company from AARHUS. The company recorded a gross profit of 410.1 mEUR in 2023. The operating profit was 322.8 mEUR, while net earnings were 357.1 mEUR. The profitability of the company measured by Return on Assets (ROA) was 5.3 %, which can be considered decent but Return on Equity (ROE) was 8.4 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 64.1 %, 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. DANSKE COMMODITIES A/S's liquidity measured by quick ratio was 2.2 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.
Financial information
See financialsGross profit (kEUR)
EBIT (kEUR)
Profitability
Solidity
Key figures (kEUR)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 791 474.00 | 791 683.00 | |||
Gross profit | 99 027.00 | 126 402.00 | 475 666.00 | 2 178 526.00 | 410 103.00 |
EBIT | 52 560.00 | 54 312.00 | 394 127.00 | 2 068 955.00 | 322 767.00 |
Net earnings | 39 786.00 | 40 207.00 | 302 909.00 | 1 555 794.00 | 357 120.00 |
Shareholders equity total | 292 711.00 | 332 393.00 | 634 498.00 | 5 688 472.00 | 2 795 018.00 |
Balance sheet total (assets) | 770 564.00 | 1 231 814.00 | 7 488 231.00 | 14 843 202.00 | 4 360 737.00 |
Net debt | 3 220.00 | - 116 973.00 | 247 549.00 | 2 405 329.00 | 47 092.00 |
Profitability | |||||
EBIT-% | 6.6 % | 6.9 % | |||
ROA | 9.6 % | 6.0 % | 9.2 % | 18.6 % | 5.3 % |
ROE | 21.6 % | 12.9 % | 62.7 % | 49.2 % | 8.4 % |
ROI | 13.5 % | 15.8 % | 29.9 % | 35.2 % | 8.1 % |
Economic value added (EVA) | 39 692.07 | 30 950.32 | 299 742.06 | 1 654 181.19 | 39 906.18 |
Solvency | |||||
Equity ratio | 38.0 % | 27.0 % | 8.5 % | 38.3 % | 64.1 % |
Gearing | 21.9 % | 13.7 % | 257.2 % | 67.3 % | 7.8 % |
Relative net indebtedness % | 52.7 % | 93.1 % | |||
Liquidity | |||||
Quick ratio | 1.1 | 1.0 | 0.9 | 1.4 | 2.2 |
Current ratio | 1.4 | 1.3 | 1.1 | 1.6 | 2.7 |
Cash and cash equivalents | 60 745.00 | 162 348.00 | 1 384 665.00 | 1 424 501.00 | 170 651.00 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 75.0 | 96.7 | |||
Net working capital % | 24.5 % | 30.3 % | |||
Credit risk | |||||
Credit rating | A | A | BBB | A | AA |
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