Puzzel A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Puzzel A/S
Puzzel A/S (CVR number: 25254864) is a company from BRØNDBY. The company reported a net sales of 65 mDKK in 2023, demonstrating a growth of 23.4 % compared to the previous year. The operating profit percentage was at 3.6 % (EBIT: 2.3 mDKK), while net earnings were 3676 kDKK. The profitability of the company measured by Return on Assets (ROA) was 21.1 %, which can be considered excellent and Return on Equity (ROE) was 56 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 28.4 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. Puzzel A/S's liquidity measured by quick ratio was 0.6 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 | 24.75 | 34.46 | 46.68 | 52.63 | 64.95 |
Gross profit | 11.90 | 14.17 | 12.20 | 10.20 | 14.35 |
EBIT | 3.43 | 1.40 | 1.98 | 1.48 | 2.34 |
Net earnings | 2.91 | 1.09 | 1.76 | 1.34 | 3.68 |
Shareholders equity total | 12.20 | 4.29 | 3.39 | 4.73 | 8.41 |
Balance sheet total (assets) | 21.38 | 26.01 | 21.77 | 23.35 | 29.64 |
Net debt | -4.50 | 6.32 | -1.12 | -0.89 | -0.45 |
Profitability | |||||
EBIT-% | 13.9 % | 4.1 % | 4.2 % | 2.8 % | 3.6 % |
ROA | 20.3 % | 6.9 % | 9.7 % | 8.0 % | 21.1 % |
ROE | 27.1 % | 13.2 % | 45.8 % | 32.9 % | 56.0 % |
ROI | 30.4 % | 11.6 % | 27.1 % | 44.3 % | 85.0 % |
Economic value added (EVA) | 2.31 | 0.80 | 1.48 | 1.04 | 1.57 |
Solvency | |||||
Equity ratio | 65.8 % | 19.1 % | 15.6 % | 20.3 % | 28.4 % |
Gearing | 15.0 % | 219.6 % | |||
Relative net indebtedness % | 11.6 % | 54.0 % | 37.0 % | 33.7 % | 32.0 % |
Liquidity | |||||
Quick ratio | 1.9 | 0.5 | 0.6 | 0.7 | 0.6 |
Current ratio | 1.3 | 0.5 | 0.6 | 0.7 | 0.6 |
Cash and cash equivalents | 6.32 | 3.11 | 1.12 | 0.89 | 0.45 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 70.1 | 48.7 | 57.0 | 70.8 | 57.5 |
Net working capital % | 10.9 % | -34.3 % | -16.1 % | -9.0 % | -14.2 % |
Credit risk | |||||
Credit rating | AA | A | A | BBB | A |
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