ICITI A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About ICITI A/S
ICITI A/S (CVR number: 29509328) is a company from AALBORG. The company recorded a gross profit of 196.9 kDKK in 2024. The operating profit was -13.3 mDKK, while net earnings were -11.5 mDKK. The profitability of the company measured by Return on Assets (ROA) was -12.2 %, which can be considered poor and Return on Equity (ROE) was -24.8 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 52.1 %, 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. ICITI A/S's liquidity measured by quick ratio was 21.8 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 financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | 4 671.38 | 4 921.30 | 6 050.44 | 1 667.07 | 196.89 |
| EBIT | -1 090.12 | 2 698.95 | -5 217.25 | -6 899.81 | -13 290.88 |
| Net earnings | -2 357.02 | 1 508.39 | -4 618.30 | -5 889.03 | -11 515.50 |
| Shareholders equity total | 61 054.60 | 62 751.89 | 58 133.59 | 52 244.56 | 40 729.06 |
| Balance sheet total (assets) | 187 534.61 | 194 930.70 | 160 960.28 | 119 299.10 | 78 216.64 |
| Net debt | 110 912.11 | 121 483.30 | 96 659.67 | 62 922.01 | 35 642.66 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | -0.4 % | 1.5 % | -2.3 % | -4.0 % | -12.2 % |
| ROE | -3.7 % | 2.4 % | -7.6 % | -10.7 % | -24.8 % |
| ROI | -0.4 % | 1.6 % | -2.3 % | -4.1 % | -12.2 % |
| Economic value added (EVA) | -13 562.32 | -6 271.95 | -13 641.35 | -13 314.33 | -17 367.09 |
| Solvency | |||||
| Equity ratio | 32.6 % | 32.2 % | 36.1 % | 43.8 % | 52.1 % |
| Gearing | 181.8 % | 196.1 % | 166.4 % | 120.5 % | 88.1 % |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 0.5 | 0.8 | 1.2 | 5.9 | 21.8 |
| Current ratio | 0.5 | 0.8 | 1.2 | 5.9 | 20.5 |
| Cash and cash equivalents | 63.72 | 1 598.06 | 60.22 | 52.17 | 243.50 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | A | A | BBB | BBB | BBB |
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