DANSKE FRAGTMÆND A/S
Credit rating
Company information
About DANSKE FRAGTMÆND A/S
DANSKE FRAGTMÆND A/S (CVR number: 30611756) is a company from AARHUS. The company reported a net sales of 3024.7 mDKK in 2023, demonstrating a decline of -6.3 % compared to the previous year. The operating profit percentage was at 0.5 % (EBIT: 15.7 mDKK), while net earnings were 28.7 mDKK. The profitability of the company measured by Return on Assets (ROA) was 4.3 %, which can be considered decent and Return on Equity (ROE) was 5.9 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 32.8 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. DANSKE FRAGTMÆND A/S's liquidity measured by quick ratio was 1.4 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 2 682.83 | 2 769.90 | 2 979.37 | 3 226.42 | 3 024.71 |
Gross profit | 463.23 | 439.13 | 497.69 | 524.69 | 439.22 |
EBIT | 42.17 | 35.92 | 91.56 | 94.72 | 15.74 |
Net earnings | 49.47 | 45.48 | 91.66 | 100.73 | 28.73 |
Shareholders equity total | 488.59 | 494.06 | 490.73 | 516.46 | 455.18 |
Balance sheet total (assets) | 1 179.37 | 1 174.43 | 1 161.37 | 1 184.04 | 1 386.46 |
Net debt | 450.95 | 340.26 | 252.83 | 260.06 | 493.80 |
Profitability | |||||
EBIT-% | 1.6 % | 1.3 % | 3.1 % | 2.9 % | 0.5 % |
ROA | 6.3 % | 5.8 % | 10.5 % | 11.4 % | 4.3 % |
ROE | 10.0 % | 9.3 % | 18.6 % | 20.0 % | 5.9 % |
ROI | 7.9 % | 7.5 % | 15.2 % | 17.5 % | 6.4 % |
Economic value added (EVA) | 13.97 | 9.88 | 52.73 | 49.31 | -11.22 |
Solvency | |||||
Equity ratio | 41.4 % | 42.1 % | 42.3 % | 43.6 % | 32.8 % |
Gearing | 92.9 % | 69.5 % | 52.1 % | 50.9 % | 109.1 % |
Relative net indebtedness % | 25.6 % | 24.4 % | 22.4 % | 20.6 % | 30.6 % |
Liquidity | |||||
Quick ratio | 1.5 | 1.6 | 2.1 | 1.6 | 1.4 |
Current ratio | 1.5 | 1.6 | 2.1 | 1.7 | 1.4 |
Cash and cash equivalents | 2.90 | 2.92 | 2.76 | 2.77 | 2.77 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 43.2 | 42.4 | 42.4 | 42.1 | 40.5 |
Net working capital % | 13.8 % | 14.8 % | 18.4 % | 12.8 % | 10.6 % |
Credit risk | |||||
Credit rating | A | A | A | A | A |
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