Credit rating
Company information
About ØLSTED DETAIL A/S
ØLSTED DETAIL A/S (CVR number: 33381379) is a company from HALSNÆS. The company reported a net sales of 14.4 mDKK in 2023, demonstrating a decline of -12.7 % compared to the previous year. The operating profit percentage was at 8.4 % (EBIT: 1.2 mDKK), while net earnings were 927.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 6.9 %, which can be considered decent and Return on Equity (ROE) was 7.9 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 52.4 %, 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. ØLSTED DETAIL A/S's liquidity measured by quick ratio was 1.5 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 financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 10 680.97 | 10 147.30 | 12 954.02 | 16 519.08 | 14 425.10 |
Gross profit | 1 421.77 | 1 861.13 | 1 403.32 | 1 539.29 | 1 702.71 |
EBIT | 936.27 | 953.50 | 925.57 | 1 057.49 | 1 208.05 |
Net earnings | 875.78 | 799.20 | 786.24 | 951.24 | 927.70 |
Shareholders equity total | 8 747.53 | 9 546.74 | 10 332.98 | 11 284.22 | 12 211.92 |
Balance sheet total (assets) | 24 521.95 | 25 070.09 | 24 230.52 | 23 829.55 | 23 289.53 |
Net debt | 14 143.91 | 13 678.39 | 12 127.56 | 10 924.80 | 9 156.31 |
Profitability | |||||
EBIT-% | 8.8 % | 9.4 % | 7.1 % | 6.4 % | 8.4 % |
ROA | 4.6 % | 4.9 % | 4.8 % | 5.8 % | 6.9 % |
ROE | 10.5 % | 8.7 % | 7.9 % | 8.8 % | 7.9 % |
ROI | 4.9 % | 5.2 % | 5.1 % | 6.1 % | 7.3 % |
Economic value added (EVA) | - 158.08 | - 370.59 | - 377.21 | - 223.63 | -94.10 |
Solvency | |||||
Equity ratio | 35.7 % | 38.1 % | 42.6 % | 47.4 % | 52.4 % |
Gearing | 165.3 % | 144.7 % | 120.9 % | 97.0 % | 77.9 % |
Relative net indebtedness % | 144.8 % | 151.6 % | 104.5 % | 75.8 % | 73.3 % |
Liquidity | |||||
Quick ratio | 1.9 | 1.6 | 1.4 | 1.3 | 1.5 |
Current ratio | 2.2 | 1.7 | 1.7 | 1.5 | 1.7 |
Cash and cash equivalents | 312.00 | 135.38 | 364.28 | 23.68 | 356.79 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | 22.0 % | 22.3 % | 15.1 % | 10.2 % | 13.3 % |
Credit risk | |||||
Credit rating | A | A | A | A | A |
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