SSAB Danmark A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About SSAB Danmark A/S
SSAB Danmark A/S (CVR number: 71349616) is a company from BRØNDBY. The company reported a net sales of 410.1 mDKK in 2023, demonstrating a decline of -18.9 % compared to the previous year. The operating profit percentage was at 8.3 % (EBIT: 33.9 mDKK), while net earnings were 27 mDKK. The profitability of the company measured by Return on Assets (ROA) was 17.9 %, which can be considered excellent and Return on Equity (ROE) was 22.4 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 61.3 %, 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. SSAB Danmark A/S's liquidity measured by quick ratio was 2.1 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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 283.88 | 270.11 | 454.61 | 505.68 | 410.14 |
Gross profit | 18.41 | 25.92 | 44.98 | 25.42 | 48.66 |
EBIT | 4.82 | 11.80 | 31.46 | 10.74 | 33.88 |
Net earnings | 2.41 | 7.91 | 23.57 | 12.09 | 26.96 |
Shareholders equity total | -63.27 | -71.18 | -94.76 | 106.84 | 133.81 |
Balance sheet total (assets) | 139.71 | 158.08 | 228.82 | 188.77 | 217.85 |
Net debt | 72.23 | 74.25 | |||
Profitability | |||||
EBIT-% | 1.7 % | 4.4 % | 6.9 % | 2.1 % | 8.3 % |
ROA | 2.6 % | 5.5 % | 11.4 % | 4.3 % | 17.9 % |
ROE | -200.0 % | -11.8 % | -28.4 % | 200.0 % | 22.4 % |
ROI | 2.7 % | 5.5 % | 11.4 % | 4.4 % | 18.8 % |
Economic value added (EVA) | 1.76 | 14.98 | 35.04 | 18.85 | 21.00 |
Solvency | |||||
Equity ratio | 56.5 % | 61.3 % | |||
Gearing | 67.6 % | 55.5 % | |||
Relative net indebtedness % | 16.2 % | 20.5 % | |||
Liquidity | |||||
Quick ratio | 1.6 | 2.1 | |||
Current ratio | 2.3 | 2.6 | |||
Cash and cash equivalents | 0.00 | ||||
Capital use efficiency | |||||
Trade debtors turnover (days) | 55.0 | 46.5 | |||
Net working capital % | 21.2 % | 32.7 % | |||
Credit risk | |||||
Credit rating | BBB | A | A | A | AA |
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