Carsoe Group A/S
Credit rating
Company information
About Carsoe Group A/S
Carsoe Group A/S (CVR number: 39893932K) is a company from AALBORG. The company reported a net sales of 690.3 mDKK in 2023, demonstrating a decline of -28 % compared to the previous year. The operating profit percentage was poor at -1.1 % (EBIT: -7.8 mDKK), while net earnings were -17.9 mDKK. The profitability of the company measured by Return on Assets (ROA) was -0.4 %, which can be considered poor and Return on Equity (ROE) was -5.1 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 59.8 %, 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. Carsoe Group 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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 785.95 | 689.12 | 564.55 | 958.64 | 690.27 |
Gross profit | 241.71 | 251.92 | 208.79 | 314.31 | 330.04 |
EBIT | 16.27 | -0.87 | -15.75 | - 122.15 | -7.84 |
Net earnings | -7.04 | -9.34 | -23.10 | - 122.69 | -17.94 |
Shareholders equity total | 266.13 | 261.71 | 240.58 | 361.39 | 337.53 |
Balance sheet total (assets) | 750.08 | 705.81 | 672.72 | 949.18 | 823.47 |
Net debt | 171.91 | 224.03 | 186.84 | ||
Profitability | |||||
EBIT-% | 2.1 % | -0.1 % | -2.8 % | -12.7 % | -1.1 % |
ROA | 2.2 % | -0.1 % | -2.3 % | -14.9 % | -0.4 % |
ROE | -2.6 % | -3.5 % | -9.2 % | -40.8 % | -5.1 % |
ROI | 3.3 % | -0.1 % | -2.3 % | -13.9 % | -0.4 % |
Economic value added (EVA) | 11.55 | -21.67 | -28.91 | - 116.02 | -24.82 |
Solvency | |||||
Equity ratio | 36.7 % | 100.0 % | 100.0 % | 62.5 % | 59.8 % |
Gearing | 75.4 % | 83.1 % | 60.4 % | ||
Relative net indebtedness % | 53.4 % | 12.8 % | 27.3 % | ||
Liquidity | |||||
Quick ratio | 0.9 | 2.8 | 1.9 | ||
Current ratio | 1.1 | 4.1 | 3.3 | ||
Cash and cash equivalents | 28.76 | 76.22 | 16.93 | ||
Capital use efficiency | |||||
Trade debtors turnover (days) | 43.1 | 26.8 | 46.2 | ||
Net working capital % | 3.9 % | 27.2 % | 29.8 % | ||
Credit risk | |||||
Credit rating | A | BB | BB | BBB | A |
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