AX V Nissens ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About AX V Nissens ApS
AX V Nissens ApS (CVR number: 38647571K) is a company from HORSENS. The company reported a net sales of 1814.5 mDKK in 2023, demonstrating a growth of 4.9 % compared to the previous year. The operating profit percentage was at 10.8 % (EBIT: 196.8 mDKK), while net earnings were 143.7 mDKK. The profitability of the company measured by Return on Assets (ROA) was 9.9 %, which can be considered good and Return on Equity (ROE) was 12.9 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 57.2 %, 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. AX V Nissens ApS's liquidity measured by quick ratio was 0.8 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 1 943.58 | 1 124.00 | 1 584.27 | 1 730.43 | 1 814.49 |
Gross profit | 618.27 | 334.32 | 376.99 | 340.76 | 501.59 |
EBIT | 74.12 | 111.54 | 68.13 | 36.38 | 196.80 |
Net earnings | -6.19 | 88.22 | 197.24 | 19.20 | 143.67 |
Shareholders equity total | 1 208.38 | 1 291.16 | 1 005.73 | 1 071.92 | 1 155.35 |
Balance sheet total (assets) | 3 155.50 | 3 445.84 | 2 075.53 | 2 084.72 | 2 019.26 |
Net debt | 992.82 | 1 036.73 | 491.51 | 145.96 | -29.52 |
Profitability | |||||
EBIT-% | 3.8 % | 9.9 % | 4.3 % | 2.1 % | 10.8 % |
ROA | 2.6 % | 3.5 % | 2.6 % | 1.9 % | 9.9 % |
ROE | -0.5 % | 7.1 % | 17.2 % | 1.8 % | 12.9 % |
ROI | 3.3 % | 4.6 % | 3.4 % | 2.5 % | 13.5 % |
Economic value added (EVA) | -55.32 | -28.02 | -64.91 | -34.00 | 98.26 |
Solvency | |||||
Equity ratio | 38.3 % | 37.5 % | 48.5 % | 51.4 % | 57.2 % |
Gearing | 98.3 % | 92.7 % | 43.4 % | 9.4 % | 2.5 % |
Relative net indebtedness % | 90.1 % | 177.4 % | 71.0 % | 61.1 % | 44.4 % |
Liquidity | |||||
Quick ratio | 1.0 | 1.0 | 0.7 | 0.7 | 0.8 |
Current ratio | 2.0 | 1.8 | 1.6 | 1.8 | 1.7 |
Cash and cash equivalents | 195.21 | 160.76 | -54.84 | -45.22 | 58.07 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 76.8 | 206.0 | 72.4 | 68.1 | 70.7 |
Net working capital % | 29.7 % | 59.0 % | 21.9 % | 25.2 % | 22.7 % |
Credit risk | |||||
Credit rating | AA | AA | AAA | AAA | AAA |
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