DRY-BAG A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 2 049.86 | 1 334.40 | 1 487.42 | 3 139.06 | 1 481.31 |
EBIT | 564.97 | - 180.15 | - 286.31 | 661.40 | - 511.39 |
Net earnings | 294.29 | - 279.83 | - 211.95 | 397.01 | - 424.21 |
Shareholders equity total | 1 595.10 | 2 096.71 | 1 884.76 | 2 281.77 | 1 857.56 |
Balance sheet total (assets) | 4 202.99 | 3 852.70 | 4 621.75 | 4 380.40 | 4 061.60 |
Net debt | 160.44 | -1 103.35 | 209.31 | - 126.56 | 346.00 |
Profitability | |||||
EBIT-% | |||||
ROA | 14.4 % | -1.2 % | -4.7 % | 14.7 % | -10.7 % |
ROE | 20.3 % | -15.2 % | -10.6 % | 19.1 % | -20.5 % |
ROI | 18.6 % | -1.8 % | -8.8 % | 28.2 % | -19.4 % |
Economic value added (EVA) | 339.35 | - 287.03 | - 329.57 | 391.60 | - 513.97 |
Solvency | |||||
Equity ratio | 38.0 % | 54.4 % | 40.8 % | 52.1 % | 45.7 % |
Gearing | 98.5 % | 27.7 % | 0.3 % | 27.0 % | |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 1.2 | 1.3 | 1.2 | 1.1 | 1.1 |
Current ratio | 1.6 | 2.2 | 2.3 | 3.0 | 2.8 |
Cash and cash equivalents | 1 411.13 | 1 103.35 | 313.69 | 133.62 | 155.68 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BBB | BB |
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