Sapiens Denmark A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Sapiens Denmark A/S
Sapiens Denmark A/S (CVR number: 19989348) is a company from KØBENHAVN. The company reported a net sales of 229.7 mDKK in 2023, demonstrating a growth of 26.4 % compared to the previous year. The operating profit percentage was at 19.7 % (EBIT: 45.3 mDKK), while net earnings were 3387 kDKK. The profitability of the company measured by Return on Assets (ROA) was 8.1 %, which can be considered good but Return on Equity (ROE) was 1 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 54.7 %, 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. Sapiens Denmark A/S's liquidity measured by quick ratio was 3 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 | 190.34 | 172.50 | 200.26 | 181.68 | 229.66 |
Gross profit | 104.13 | 86.90 | 117.63 | 84.33 | 128.03 |
EBIT | -17.77 | -9.62 | -12.75 | -14.89 | 45.29 |
Net earnings | -16.63 | -14.22 | -22.25 | -64.17 | 3.39 |
Shareholders equity total | 35.44 | 48.83 | 87.01 | - 151.22 | 203.65 |
Balance sheet total (assets) | 119.09 | 94.83 | 551.25 | 544.35 | 468.46 |
Net debt | 541.65 | 87.75 | |||
Profitability | |||||
EBIT-% | -9.3 % | -5.6 % | -6.4 % | -8.2 % | 19.7 % |
ROA | -11.6 % | -9.0 % | -3.9 % | -2.0 % | 8.1 % |
ROE | -54.2 % | -33.8 % | -32.8 % | -24.0 % | 1.0 % |
ROI | -11.6 % | -9.0 % | -3.9 % | -2.0 % | 8.3 % |
Economic value added (EVA) | -16.96 | -11.40 | -15.20 | -19.26 | 41.82 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | -25.4 % | 54.7 % |
Gearing | -384.9 % | 70.8 % | |||
Relative net indebtedness % | 307.2 % | 45.5 % | |||
Liquidity | |||||
Quick ratio | 2.0 | 3.0 | |||
Current ratio | 1.9 | 2.7 | |||
Cash and cash equivalents | 40.42 | 56.37 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 204.8 | 104.3 | |||
Net working capital % | 44.4 % | 39.3 % | |||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BBB | AAA |
Variable visualization
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