ASKOV BRUGSFORENING — Credit Rating and Financial Key Figures
Credit rating
Company information
About ASKOV BRUGSFORENING
ASKOV BRUGSFORENING (CVR number: 38113313) is a company from VEJEN. The company reported a net sales of 22.6 mDKK in 2023, demonstrating a decline of -12.1 % compared to the previous year. The operating profit percentage was at 0.1 % (EBIT: 0 mDKK), while net earnings were 232.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3.6 %, which can be considered weak and Return on Equity (ROE) was 3.4 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 79.6 %, 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. ASKOV BRUGSFORENING's liquidity measured by quick ratio was 0.7 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 (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 21 508.00 | 21 308.00 | 23 622.00 | 25 682.74 | 22 569.49 |
Gross profit | 3 238.00 | 3 381.00 | 3 504.00 | 3 170.65 | 3 304.28 |
EBIT | 361.00 | 331.00 | 444.00 | -80.50 | 30.50 |
Net earnings | 334.00 | 381.00 | 525.00 | 112.20 | 232.14 |
Shareholders equity total | 5 698.00 | 6 081.00 | 6 605.00 | 6 729.23 | 6 965.37 |
Balance sheet total (assets) | 6 678.00 | 7 362.00 | 7 727.00 | 8 030.69 | 8 752.74 |
Net debt | - 218.17 | - 225.53 | |||
Profitability | |||||
EBIT-% | 1.7 % | 1.6 % | 1.9 % | -0.3 % | 0.1 % |
ROA | 5.0 % | 4.7 % | 5.9 % | 1.8 % | 3.6 % |
ROE | 6.0 % | 6.5 % | 8.3 % | 1.7 % | 3.4 % |
ROI | 5.4 % | 4.7 % | 5.9 % | 1.9 % | 4.2 % |
Economic value added (EVA) | 101.08 | 44.68 | 138.43 | - 399.48 | - 298.96 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 83.8 % | 79.6 % |
Gearing | |||||
Relative net indebtedness % | 2.9 % | 5.5 % | |||
Liquidity | |||||
Quick ratio | 2.6 | 0.7 | |||
Current ratio | 4.4 | 1.9 | |||
Cash and cash equivalents | 218.17 | 225.53 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 1.4 | 1.1 | |||
Net working capital % | 12.2 % | 4.9 % | |||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | A | A |
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