BETTER COLLECTIVE A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About BETTER COLLECTIVE A/S
BETTER COLLECTIVE A/S (CVR number: 27652913K) is a company from KØBENHAVN. The company reported a net sales of 371.5 mEUR in 2024, demonstrating a growth of 13.7 % compared to the previous year. The operating profit percentage was at 16.5 % (EBIT: 61.4 mEUR), while net earnings were 34 mEUR. The profitability of the company measured by Return on Assets (ROA) was 6.5 %, which can be considered decent and Return on Equity (ROE) was 6.1 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 58.5 %, 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. BETTER COLLECTIVE A/S's liquidity measured by quick ratio was 1.5 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 (mEUR)
EBIT (mEUR)
Profitability
Solidity
Key figures (mEUR)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 91.19 | 177.05 | 269.30 | 326.69 | 371.49 |
Gross profit | 70.72 | 112.19 | 177.07 | 227.39 | 264.32 |
EBIT | 30.49 | 28.75 | 70.35 | 80.89 | 61.45 |
Net earnings | 21.93 | 17.29 | 48.08 | 39.84 | 34.01 |
Shareholders equity total | 162.54 | 344.85 | 412.92 | 435.27 | 685.93 |
Balance sheet total (assets) | 315.06 | 597.38 | 785.23 | 937.86 | 1 172.12 |
Net debt | -24.60 | -20.90 | -4.63 | 18.39 | -10.75 |
Profitability | |||||
EBIT-% | 33.4 % | 16.2 % | 26.1 % | 24.8 % | 16.5 % |
ROA | 11.9 % | 7.0 % | 10.8 % | 10.1 % | 6.5 % |
ROE | 14.6 % | 6.8 % | 12.7 % | 9.4 % | 6.1 % |
ROI | 13.7 % | 8.5 % | 12.9 % | 11.7 % | 7.4 % |
Economic value added (EVA) | 15.57 | 10.09 | 34.05 | 33.12 | 22.97 |
Solvency | |||||
Equity ratio | 51.6 % | 57.7 % | 52.6 % | 46.4 % | 58.5 % |
Gearing | 6.4 % | 3.1 % | 6.5 % | 14.2 % | 3.9 % |
Relative net indebtedness % | 128.9 % | 124.8 % | 126.6 % | 140.5 % | 120.7 % |
Liquidity | |||||
Quick ratio | 1.8 | 1.1 | 1.5 | 1.0 | 1.5 |
Current ratio | 1.8 | 1.1 | 1.5 | 1.0 | 1.5 |
Cash and cash equivalents | 34.98 | 31.58 | 31.50 | 43.55 | 37.67 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 73.0 | 62.0 | 72.1 | 54.7 | 62.6 |
Net working capital % | 24.4 % | 4.2 % | 11.1 % | 0.7 % | 10.0 % |
Credit risk | |||||
Credit rating | AAA | AAA | AAA | AAA | AAA |
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