3C RETAIL A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About 3C RETAIL A/S
3C RETAIL A/S (CVR number: 21478008K) is a company from ODENSE. The company reported a net sales of 333.5 mDKK in 2023, demonstrating a decline of -7.2 % compared to the previous year. The operating profit percentage was at 16.2 % (EBIT: 54.1 mDKK), while net earnings were 31 mDKK. The profitability of the company measured by Return on Assets (ROA) was 5.2 %, which can be considered decent but Return on Equity (ROE) was 2.8 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 43 %, 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. 3C RETAIL A/S's liquidity measured by quick ratio was 1.5 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 financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 925.43 | 697.23 | 506.85 | 359.42 | 333.47 |
Gross profit | 389.84 | 702.92 | 500.85 | 335.71 | 323.99 |
EBIT | 222.69 | 266.92 | 129.40 | 64.70 | 54.09 |
Net earnings | 71.15 | 127.59 | 75.49 | 30.21 | 31.00 |
Shareholders equity total | 962.94 | 1 068.83 | 1 123.16 | 1 125.39 | 1 117.71 |
Balance sheet total (assets) | 5 025.66 | 4 155.76 | 2 914.58 | 2 576.52 | 2 599.03 |
Net debt | 3 830.57 | 2 589.41 | 1 216.70 | 169.11 | 1 042.07 |
Profitability | |||||
EBIT-% | 24.1 % | 38.3 % | 25.5 % | 18.0 % | 16.2 % |
ROA | 5.1 % | 6.8 % | 5.5 % | 4.0 % | 5.2 % |
ROE | 7.5 % | 12.6 % | 6.9 % | 2.7 % | 2.8 % |
ROI | 5.3 % | 7.2 % | 6.3 % | 4.8 % | 6.2 % |
Economic value added (EVA) | 126.44 | 65.19 | 18.27 | -8.08 | -10.57 |
Solvency | |||||
Equity ratio | 19.2 % | 25.7 % | 38.6 % | 43.7 % | 43.0 % |
Gearing | 395.9 % | 241.7 % | 107.1 % | 15.1 % | 93.5 % |
Relative net indebtedness % | 441.0 % | 443.5 % | 356.2 % | 403.6 % | 443.3 % |
Liquidity | |||||
Quick ratio | 2.4 | 1.6 | 1.4 | 3.7 | 1.5 |
Current ratio | 2.4 | 1.6 | 1.4 | 3.7 | 1.5 |
Cash and cash equivalents | -18.13 | -5.54 | -14.21 | 0.53 | 3.05 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 1 682.2 | 1 816.8 | 1 688.6 | 2 146.9 | 2 337.5 |
Net working capital % | 269.4 % | 182.8 % | 127.5 % | 435.5 % | 220.9 % |
Credit risk | |||||
Credit rating | BBB | A | A | A | A |
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