DRY-BAG A/S — Credit Rating and Financial Key Figures

CVR number: 49159811
Odinsvej 21, 8722 Hedensted
dry-bag@desiccant.com
tel: 86190577
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Company information

Official name
DRY-BAG A/S
Personnel
3 persons
Established
1999
Company form
Limited company
Industry

About DRY-BAG A/S

DRY-BAG A/S (CVR number: 49159811) is a company from HEDENSTED. The company recorded a gross profit of 1481.3 kDKK in 2024. The operating profit was -511.4 kDKK, while net earnings were -424.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was -10.7 %, which can be considered poor and Return on Equity (ROE) was -20.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 45.7 %, 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. DRY-BAG A/S's liquidity measured by quick ratio was 1.1 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit2 049.861 334.401 487.423 139.061 481.31
EBIT564.97- 180.15- 286.31661.40- 511.39
Net earnings294.29- 279.83- 211.95397.01- 424.21
Shareholders equity total1 595.102 096.711 884.762 281.771 857.56
Balance sheet total (assets)4 202.993 852.704 621.754 380.404 061.60
Net debt160.44-1 103.35209.31- 126.56346.00
Profitability
EBIT-%
ROA14.4 %-1.2 %-4.7 %14.7 %-10.7 %
ROE20.3 %-15.2 %-10.6 %19.1 %-20.5 %
ROI18.6 %-1.8 %-8.8 %28.2 %-19.4 %
Economic value added (EVA)339.35- 287.03- 329.57391.60- 513.97
Solvency
Equity ratio38.0 %54.4 %40.8 %52.1 %45.7 %
Gearing98.5 %27.7 %0.3 %27.0 %
Relative net indebtedness %
Liquidity
Quick ratio1.21.31.21.11.1
Current ratio1.62.22.33.02.8
Cash and cash equivalents1 411.131 103.35313.69133.62155.68
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBB

Variable visualization

ROA:-10.7%
Rating: 9/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:45.7%
Rating: 37/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Board member
Board member
Chief executive officer

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