Gantech Holding A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Gantech Holding A/S
Gantech Holding A/S (CVR number: 40545727) is a company from ESBJERG. The company reported a net sales of 2.5 mDKK in 2023, demonstrating a growth of 52.4 % compared to the previous year. The operating profit percentage was at 99.2 % (EBIT: 2.5 mDKK), while net earnings were 2353.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 8.5 %, which can be considered good and Return on Equity (ROE) was 10.6 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 66.4 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. Gantech Holding A/S's liquidity measured by quick ratio was 14.3 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 (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 3 435.00 | 7 432.00 | 11 324.00 | 1 635.00 | 2 491.45 |
Gross profit | 3 419.00 | 7 412.00 | 11 306.00 | 1 365.00 | 2 472.57 |
EBIT | 3 419.00 | 7 412.00 | 11 306.00 | 1 365.00 | 2 472.57 |
Net earnings | 3 421.00 | 7 416.00 | 11 310.00 | 1 120.00 | 2 353.93 |
Shareholders equity total | 11 533.00 | 16 399.00 | 21 724.00 | 21 120.00 | 23 474.25 |
Balance sheet total (assets) | 11 598.00 | 17 915.00 | 32 839.00 | 33 242.00 | 35 344.90 |
Net debt | 3.00 | 1 488.00 | 11 088.00 | 9 455.00 | 7 529.99 |
Profitability | |||||
EBIT-% | 99.5 % | 99.7 % | 99.8 % | 83.5 % | 99.2 % |
ROA | 30.9 % | 50.2 % | 44.7 % | 5.9 % | 8.5 % |
ROE | 31.1 % | 53.1 % | 59.3 % | 5.2 % | 10.6 % |
ROI | 31.1 % | 50.3 % | 44.7 % | 5.9 % | 8.5 % |
Economic value added (EVA) | 3 658.42 | 7 369.72 | 11 766.72 | 2 249.87 | 2 791.43 |
Solvency | |||||
Equity ratio | 99.4 % | 91.5 % | 66.2 % | 63.5 % | 66.4 % |
Gearing | 0.4 % | 9.1 % | 51.1 % | 57.3 % | 50.5 % |
Relative net indebtedness % | 0.5 % | 20.2 % | 98.0 % | 579.2 % | 302.8 % |
Liquidity | |||||
Quick ratio | 40.5 | 1.0 | 1.0 | 10.6 | 14.3 |
Current ratio | 40.5 | 1.0 | 1.0 | 10.6 | 14.3 |
Cash and cash equivalents | 47.00 | 12.00 | 12.00 | 2 652.00 | 4 325.65 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | 74.7 % | 0.0 % | 512.5 % | 330.9 % | |
Credit risk | |||||
Credit rating | A | A | A | AA | AA |
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