AXEL MADSEN A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About AXEL MADSEN A/S
AXEL MADSEN A/S (CVR number: 10553490) is a company from RUDERSDAL. The company reported a net sales of 15.1 mDKK in 2023, demonstrating a growth of 18.1 % compared to the previous year. The operating profit percentage was at 26.7 % (EBIT: 4 mDKK), while net earnings were 3232.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 46.7 %, which can be considered excellent and Return on Equity (ROE) was 46.9 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 77.1 %, 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. AXEL MADSEN A/S's liquidity measured by quick ratio was 3.2 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 | 10 375.64 | 10 870.65 | 11 329.28 | 12 795.52 | 15 108.81 |
Gross profit | 3 932.26 | 4 151.42 | 4 058.97 | 4 470.79 | 5 407.35 |
EBIT | 1 437.04 | 6 948.52 | 2 985.84 | 1 519.51 | 4 039.72 |
Net earnings | 1 172.24 | 5 461.10 | 2 327.64 | 1 245.89 | 3 232.34 |
Shareholders equity total | 4 134.53 | 8 495.63 | 5 823.27 | 5 869.16 | 7 901.51 |
Balance sheet total (assets) | 6 503.27 | 12 391.71 | 7 062.46 | 7 545.27 | 10 272.85 |
Net debt | -2 032.16 | -5 800.20 | -2 547.39 | 689.13 | -1 175.25 |
Profitability | |||||
EBIT-% | 13.9 % | 63.9 % | 26.4 % | 11.9 % | 26.7 % |
ROA | 24.9 % | 74.4 % | 31.3 % | 22.4 % | 46.7 % |
ROE | 28.6 % | 86.5 % | 32.5 % | 21.3 % | 46.9 % |
ROI | 37.1 % | 111.2 % | 42.5 % | 24.5 % | 48.1 % |
Economic value added (EVA) | 1 012.95 | 5 312.74 | 2 186.16 | 1 015.77 | 2 900.98 |
Solvency | |||||
Equity ratio | 63.6 % | 68.6 % | 82.5 % | 77.8 % | 77.1 % |
Gearing | 27.4 % | 24.2 % | |||
Relative net indebtedness % | 3.2 % | -17.6 % | -11.5 % | 5.9 % | -4.8 % |
Liquidity | |||||
Quick ratio | 2.0 | 2.6 | 4.1 | 3.1 | 3.2 |
Current ratio | 2.6 | 3.1 | 5.5 | 4.4 | 4.1 |
Cash and cash equivalents | 2 032.16 | 5 800.20 | 2 547.39 | 919.16 | 3 089.49 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 60.7 | 43.2 | 49.8 | 65.8 | 55.5 |
Net working capital % | 36.1 % | 74.9 % | 48.8 % | 44.0 % | 48.0 % |
Credit risk | |||||
Credit rating | AA | BBB | A | A | A |
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