SUZLON ENERGY A/S
Credit rating
Company information
About SUZLON ENERGY A/S
SUZLON ENERGY A/S (CVR number: 28101120) is a company from AARHUS. The company reported a net sales of 5.6 mEUR in 2023, demonstrating a growth of 4.7 % compared to the previous year. The operating profit percentage was at 33.3 % (EBIT: 1.9 mEUR), while net earnings were 2244 kEUR. The profitability of the company measured by Return on Assets (ROA) was 16.3 %, which can be considered excellent and Return on Equity (ROE) was 20.4 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 32.1 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. SUZLON ENERGY A/S's liquidity measured by quick ratio was 4.5 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 financialsNet sales (kEUR)
EBIT (kEUR)
Profitability
Solidity
Key figures (kEUR)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 5 238.00 | 3 855.00 | 4 419.00 | 5 319.00 | 5 568.00 |
Gross profit | 84.00 | 1 066.00 | -6 664.00 | 3 554.00 | 3 123.00 |
EBIT | -3 861.00 | -1 200.00 | -8 214.00 | 2 041.00 | 1 852.00 |
Net earnings | -10 656.00 | 452.00 | -7 445.00 | 8 056.00 | 2 244.00 |
Shareholders equity total | -2 122.00 | -1 670.00 | -9 115.00 | -1 060.00 | 5 696.00 |
Balance sheet total (assets) | 16 805.00 | 14 629.00 | 8 993.00 | 16 355.00 | 18 761.00 |
Net debt | 17 914.00 | 14 723.00 | 16 023.00 | 15 029.00 | 10 948.00 |
Profitability | |||||
EBIT-% | -73.7 % | -31.1 % | -185.9 % | 38.4 % | 33.3 % |
ROA | 11.6 % | 7.5 % | -41.9 % | -2.7 % | 16.3 % |
ROE | -84.1 % | 2.9 % | -63.0 % | 63.6 % | 20.4 % |
ROI | -45.4 % | 8.0 % | -45.6 % | 59.8 % | 18.1 % |
Economic value added (EVA) | -3 996.85 | -1 076.25 | -8 117.41 | 2 519.93 | 2 036.72 |
Solvency | |||||
Equity ratio | -11.3 % | -10.6 % | -53.6 % | -6.7 % | 32.1 % |
Gearing | -849.5 % | -900.4 % | -180.3 % | -1454.0 % | 199.8 % |
Relative net indebtedness % | 359.2 % | 414.7 % | 400.5 % | 320.2 % | 226.8 % |
Liquidity | |||||
Quick ratio | 0.9 | 0.9 | 0.5 | 1.5 | 4.5 |
Current ratio | 0.9 | 0.9 | 0.5 | 1.3 | 3.4 |
Cash and cash equivalents | 113.00 | 313.00 | 410.00 | 383.00 | 434.00 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 2.5 | 10.7 | 2.4 | 49.1 | 33.0 |
Net working capital % | -43.5 % | -44.7 % | -203.7 % | 51.0 % | 174.0 % |
Credit risk | |||||
Credit rating | B | BB | B | BB | BBB |
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