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CR Electric Holding A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About CR Electric Holding A/S
CR Electric Holding A/S (CVR number: 40666729K) is a company from ROSKILDE. The company reported a net sales of 303.9 mDKK in 2024, demonstrating a growth of 20.5 % compared to the previous year. The operating profit percentage was at 8.5 % (EBIT: 26 mDKK), while net earnings were 19.4 mDKK. The profitability of the company measured by Return on Assets (ROA) was 20.3 %, which can be considered excellent and Return on Equity (ROE) was 54.4 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 40.1 %, 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. CR Electric Holding A/S's liquidity measured by quick ratio was 2.1 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 financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | 118.33 | 175.95 | 287.09 | 252.16 | 303.89 |
| Gross profit | 64.49 | 79.32 | 115.68 | 115.74 | 143.26 |
| EBIT | 7.49 | 5.76 | 15.51 | 17.83 | 25.96 |
| Net earnings | 5.64 | 4.39 | 9.18 | 13.51 | 19.42 |
| Shareholders equity total | 20.02 | 20.81 | 33.20 | 43.18 | 56.31 |
| Balance sheet total (assets) | 58.72 | 79.73 | 110.17 | 108.71 | 150.06 |
| Net debt | -5.32 | 10.57 | 8.09 | -1.46 | -1.63 |
| Profitability | |||||
| EBIT-% | 6.3 % | 3.3 % | 5.4 % | 7.1 % | 8.5 % |
| ROA | 13.8 % | 8.3 % | 16.3 % | 16.8 % | 20.3 % |
| ROE | 32.0 % | 21.5 % | 39.4 % | 47.0 % | 54.4 % |
| ROI | 24.6 % | 14.6 % | 29.6 % | 30.1 % | 34.8 % |
| Economic value added (EVA) | 4.38 | 2.91 | 9.21 | 11.02 | 17.32 |
| Solvency | |||||
| Equity ratio | 34.1 % | 26.1 % | 30.1 % | 42.1 % | 40.1 % |
| Gearing | 18.0 % | 73.1 % | 47.0 % | 23.8 % | 42.5 % |
| Relative net indebtedness % | 23.6 % | 29.1 % | 22.3 % | 18.9 % | 21.3 % |
| Liquidity | |||||
| Quick ratio | 1.4 | 1.2 | 1.4 | 1.9 | 2.1 |
| Current ratio | 1.5 | 1.2 | 1.4 | 1.7 | 1.8 |
| Cash and cash equivalents | 8.93 | 4.64 | 7.52 | 11.73 | 25.53 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | 71.1 | 68.7 | 69.8 | 65.0 | 56.1 |
| Net working capital % | 10.0 % | 4.2 % | 8.4 % | 14.3 % | 14.5 % |
| Credit risk | |||||
| Credit rating | AA | A | A | A | AA |
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