TREKANTENS EJENDOMSSELSKAB A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About TREKANTENS EJENDOMSSELSKAB A/S
TREKANTENS EJENDOMSSELSKAB A/S (CVR number: 21829838) is a company from MIDDELFART. The company reported a net sales of 22.8 mDKK in 2023, demonstrating a decline of -6.1 % compared to the previous year. The operating profit percentage was at 37.3 % (EBIT: 8.5 mDKK), while net earnings were 4326.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3 %, which can be considered weak and Return on Equity (ROE) was 1.8 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 89.2 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. TREKANTENS EJENDOMSSELSKAB A/S's liquidity measured by quick ratio was 1.9 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 24 298.01 | 22 814.82 | |||
Gross profit | 14 289.23 | 18 512.35 | 19 408.22 | 24 298.01 | 16 145.49 |
EBIT | 11 555.87 | 11 632.31 | 13 201.86 | 16 404.01 | 8 512.70 |
Net earnings | 9 315.85 | 8 459.50 | 11 777.98 | 11 966.06 | 4 326.55 |
Shareholders equity total | 243 824.72 | 242 284.22 | 246 062.20 | 248 028.26 | 240 354.82 |
Balance sheet total (assets) | 249 592.75 | 284 541.67 | 278 596.22 | 296 860.13 | 269 359.92 |
Net debt | |||||
Profitability | |||||
EBIT-% | 67.5 % | 37.3 % | |||
ROA | 4.6 % | 4.4 % | 5.2 % | 5.5 % | 3.0 % |
ROE | 3.8 % | 3.5 % | 4.8 % | 4.8 % | 1.8 % |
ROI | 4.7 % | 4.8 % | 6.0 % | 6.3 % | 3.5 % |
Economic value added (EVA) | -2 948.44 | -2 960.05 | -1 186.64 | 709.98 | -7 122.20 |
Solvency | |||||
Equity ratio | 97.7 % | 85.1 % | 88.3 % | 83.6 % | 89.2 % |
Gearing | |||||
Relative net indebtedness % | 41.9 % | 38.0 % | |||
Liquidity | |||||
Quick ratio | 2.5 | 1.0 | 1.4 | 1.4 | 1.9 |
Current ratio | 2.5 | 1.0 | 1.4 | 1.4 | 1.9 |
Cash and cash equivalents | |||||
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | 18.0 % | 35.6 % | |||
Credit risk | |||||
Credit rating | A | A | A | AA | AA |
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