ERIK ERIKSEN II ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About ERIK ERIKSEN II ApS
ERIK ERIKSEN II ApS (CVR number: 26506336) is a company from REBILD. The company reported a net sales of 3.5 mDKK in 2023, demonstrating a growth of 6.2 % compared to the previous year. The operating profit percentage was at 19.6 % (EBIT: 0.7 mDKK), while net earnings were 582.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 25.7 %, which can be considered excellent and Return on Equity (ROE) was 29.7 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 70.5 %, 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. ERIK ERIKSEN II ApS's liquidity measured by quick ratio was 3.1 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 (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 1 451.03 | 1 854.81 | 3 518.08 | 3 265.76 | 3 466.61 |
Gross profit | 719.49 | 1 069.55 | 2 058.50 | 1 808.11 | 2 083.42 |
EBIT | -24.21 | 208.11 | 743.41 | 367.84 | 680.56 |
Net earnings | 24.57 | 203.99 | 714.94 | 323.68 | 582.54 |
Shareholders equity total | 826.31 | 1 030.30 | 1 595.24 | 1 770.16 | 2 152.71 |
Balance sheet total (assets) | 1 348.23 | 1 707.38 | 2 249.10 | 2 588.85 | 3 052.36 |
Net debt | 316.29 | 27.65 | - 448.29 | - 471.42 | - 576.07 |
Profitability | |||||
EBIT-% | -1.7 % | 11.2 % | 21.1 % | 11.3 % | 19.6 % |
ROA | -1.6 % | 13.8 % | 37.9 % | 16.5 % | 25.7 % |
ROE | 2.5 % | 22.0 % | 54.5 % | 19.2 % | 29.7 % |
ROI | -2.0 % | 17.7 % | 50.0 % | 21.3 % | 33.0 % |
Economic value added (EVA) | -62.66 | 166.54 | 681.72 | 257.99 | 495.17 |
Solvency | |||||
Equity ratio | 61.3 % | 60.3 % | 70.9 % | 68.4 % | 70.5 % |
Gearing | 39.1 % | 19.4 % | 9.8 % | 9.3 % | 7.9 % |
Relative net indebtedness % | 35.5 % | 27.2 % | 0.9 % | 4.0 % | 1.9 % |
Liquidity | |||||
Quick ratio | 0.9 | 1.2 | 2.3 | 2.5 | 3.1 |
Current ratio | 1.0 | 1.4 | 2.5 | 2.6 | 3.2 |
Cash and cash equivalents | 6.90 | 172.19 | 604.77 | 636.04 | 747.15 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 14.9 | 25.0 | 3.8 | 6.8 | |
Net working capital % | -0.4 % | 10.3 % | 20.6 % | 30.0 % | 41.6 % |
Credit risk | |||||
Credit rating | BBB | BBB | BBB | A | A |
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