DAN-GRIT A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About DAN-GRIT A/S
DAN-GRIT A/S (CVR number: 88086228) is a company from VARDE. The company recorded a gross profit of 2576.4 kDKK in 2023. The operating profit was -7370.4 kDKK, while net earnings were -5720.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was -37.3 %, which can be considered poor and Return on Equity (ROE) was -41.9 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 70.3 %, 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. DAN-GRIT A/S's liquidity measured by quick ratio was 2.5 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 40 555.00 | 37 516.52 | 42 424.86 | 28 508.08 | 2 576.40 |
EBIT | 28 074.56 | 23 596.41 | 29 114.49 | 15 174.08 | -7 370.45 |
Net earnings | 22 056.98 | 18 414.39 | 22 688.92 | 11 878.42 | -5 720.77 |
Shareholders equity total | 22 833.35 | 3 947.74 | 26 636.66 | 18 515.08 | 8 794.31 |
Balance sheet total (assets) | 64 115.50 | 21 121.34 | 40 999.60 | 26 186.61 | 12 514.24 |
Net debt | 6 610.99 | 4 516.94 | -8 204.11 | -6 005.71 | - 601.04 |
Profitability | |||||
EBIT-% | |||||
ROA | 54.0 % | 56.3 % | 93.9 % | 45.5 % | -37.3 % |
ROE | 101.2 % | 137.5 % | 148.4 % | 52.6 % | -41.9 % |
ROI | 72.7 % | 81.9 % | 149.8 % | 62.4 % | -51.1 % |
Economic value added (EVA) | 21 125.43 | 18 281.04 | 22 518.20 | 11 095.73 | -6 372.67 |
Solvency | |||||
Equity ratio | 35.6 % | 18.7 % | 65.0 % | 70.7 % | 70.3 % |
Gearing | 118.6 % | 118.6 % | 13.7 % | 0.8 % | 8.0 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 1.8 | 1.6 | 4.7 | 4.9 | 2.5 |
Current ratio | 1.8 | 1.7 | 5.1 | 5.8 | 3.1 |
Cash and cash equivalents | 20 460.15 | 165.14 | 11 866.05 | 6 153.01 | 1 305.59 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BBB | BBB |
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