Carsoe Group A/S — Credit Rating and Financial Key Figures

CVR number: 39893932
Mineralvej 6, 9220 Aalborg Øst
adm@carsoe.com
tel: 98242624

Company information

Official name
Carsoe Group A/S
Established
2018
Company form
Limited company
Industry

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 financials

Net sales (mDKK)

EBIT (mDKK)

Profitability

Solidity

Key figures (mDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales785.95689.12564.55958.64690.27
Gross profit241.71251.92208.79314.31330.04
EBIT16.27-0.87-15.75- 122.15-7.84
Net earnings-7.04-9.34-23.10- 122.69-17.94
Shareholders equity total266.13261.71240.58361.39337.53
Balance sheet total (assets)750.08705.81672.72949.18823.47
Net debt171.91224.03186.84
Profitability
EBIT-%2.1 %-0.1 %-2.8 %-12.7 %-1.1 %
ROA2.2 %-0.1 %-2.3 %-14.9 %-0.4 %
ROE-2.6 %-3.5 %-9.2 %-40.8 %-5.1 %
ROI3.3 %-0.1 %-2.3 %-13.9 %-0.4 %
Economic value added (EVA)11.55-21.67-28.91- 116.02-24.82
Solvency
Equity ratio36.7 %100.0 %100.0 %62.5 %59.8 %
Gearing75.4 %83.1 %60.4 %
Relative net indebtedness %53.4 %12.8 %27.3 %
Liquidity
Quick ratio0.92.81.9
Current ratio1.14.13.3
Cash and cash equivalents28.7676.2216.93
Capital use efficiency
Trade debtors turnover (days)43.126.846.2
Net working capital %3.9 %27.2 %29.8 %
Credit risk
Credit ratingAABBBBBBBBBAA

Variable visualization

ROA:-0.40%
Rating: 20/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:59.8%
Rating: 46/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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