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Steel Products A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Steel Products A/S
Steel Products A/S (CVR number: 38069217K) is a company from HORSENS. The company reported a net sales of 550.2 mDKK in 2024, demonstrating a decline of -2.4 % compared to the previous year. The operating profit percentage was at 6.4 % (EBIT: 35.2 mDKK), while net earnings were 27.4 mDKK. The profitability of the company measured by Return on Assets (ROA) was 8.3 %, which can be considered good and Return on Equity (ROE) was 11.2 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 56.3 %, 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. Steel Products A/S's liquidity measured by quick ratio was 2.5 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 | 537.69 | 672.55 | 695.66 | 563.88 | 550.18 |
| Gross profit | 82.49 | 105.16 | 83.25 | 38.58 | 59.84 |
| EBIT | 82.49 | 105.16 | 83.25 | 15.85 | 35.16 |
| Net earnings | 45.79 | 59.58 | 44.74 | 11.50 | 27.35 |
| Shareholders equity total | 141.27 | 200.73 | 245.36 | 234.53 | 259.38 |
| Balance sheet total (assets) | 436.65 | 509.26 | 487.30 | 435.53 | 478.28 |
| Net debt | 0.71 | -58.09 | |||
| Profitability | |||||
| EBIT-% | 15.3 % | 15.6 % | 12.0 % | 2.8 % | 6.4 % |
| ROA | 20.2 % | 22.2 % | 16.7 % | 3.8 % | 8.3 % |
| ROE | 33.3 % | 34.8 % | 20.1 % | 4.8 % | 11.2 % |
| ROI | 20.2 % | 22.2 % | 16.7 % | 4.3 % | 11.1 % |
| Economic value added (EVA) | 75.76 | 98.06 | 73.16 | 0.43 | 10.89 |
| Solvency | |||||
| Equity ratio | 100.0 % | 100.0 % | 100.0 % | 54.9 % | 56.3 % |
| Gearing | 33.4 % | 29.1 % | |||
| Relative net indebtedness % | 18.5 % | 12.2 % | |||
| Liquidity | |||||
| Quick ratio | 2.0 | 2.5 | |||
| Current ratio | 3.3 | 3.2 | |||
| Cash and cash equivalents | 77.60 | 133.69 | |||
| Capital use efficiency | |||||
| Trade debtors turnover (days) | 70.4 | 72.6 | |||
| Net working capital % | 41.0 % | 48.4 % | |||
| Credit risk | |||||
| Credit rating | BBB | BBB | BBB | AA | AAA |
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