3 X N HOLDING A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About 3 X N HOLDING A/S
3 X N HOLDING A/S (CVR number: 28480954K) is a company from KØBENHAVN. The company reported a net sales of 215.4 mDKK in 2024, demonstrating a decline of -0.5 % compared to the previous year. The operating profit percentage was at 6.9 % (EBIT: 14.8 mDKK), while net earnings were 10.5 mDKK. The profitability of the company measured by Return on Assets (ROA) was 12.2 %, which can be considered good but Return on Equity (ROE) was 29.1 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 34.2 %, 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. 3 X N HOLDING A/S's liquidity measured by quick ratio was 4.2 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 (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | 139.94 | 208.45 | 228.54 | 216.62 | 215.44 |
| Gross profit | 103.31 | 119.62 | 145.55 | 121.23 | 115.41 |
| EBIT | 16.59 | 17.42 | 34.87 | 19.79 | 14.79 |
| Net earnings | 12.50 | 13.37 | 26.72 | 13.16 | 10.50 |
| Shareholders equity total | 33.05 | 32.90 | 44.16 | 39.21 | 35.87 |
| Balance sheet total (assets) | 113.00 | 135.15 | 188.83 | 155.10 | 152.79 |
| Net debt | -83.33 | -70.47 | -66.16 | ||
| Profitability | |||||
| EBIT-% | 8.4 % | 15.3 % | 9.1 % | 6.9 % | |
| ROA | 14.0 % | 24.8 % | 14.4 % | 12.2 % | |
| ROE | 40.5 % | 70.6 % | 32.6 % | 29.1 % | |
| ROI | 14.0 % | 38.9 % | 35.0 % | 26.2 % | |
| Economic value added (EVA) | 15.17 | 15.76 | 27.24 | 9.30 | 7.32 |
| Solvency | |||||
| Equity ratio | 100.0 % | 39.6 % | 38.3 % | 34.2 % | |
| Gearing | 1.7 % | 5.1 % | |||
| Relative net indebtedness % | 14.9 % | 7.1 % | 9.4 % | ||
| Liquidity | |||||
| Quick ratio | 4.4 | 4.5 | 4.2 | ||
| Current ratio | 1.5 | 1.7 | 1.7 | ||
| Cash and cash equivalents | 83.33 | 71.13 | 68.01 | ||
| Capital use efficiency | |||||
| Trade debtors turnover (days) | 79.8 | 51.2 | 57.4 | ||
| Net working capital % | 25.8 % | 27.2 % | 26.9 % | ||
| Credit risk | |||||
| Credit rating | BBB | AA | AA | AA |
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