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ETCAS A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About ETCAS A/S
ETCAS A/S (CVR number: 27761437) is a company from FREDERICIA. The company recorded a gross profit of 7227.9 kDKK in 2025. The operating profit was -548.3 kDKK, while net earnings were -455 kDKK. The profitability of the company measured by Return on Assets (ROA) was -8.7 %, which can be considered poor and Return on Equity (ROE) was -16.4 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 34.4 %, 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. ETCAS A/S's liquidity measured by quick ratio was 1.4 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 financials2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | 6 813.00 | 8 719.00 | 9 054.00 | 7 719.00 | 7 227.91 |
| EBIT | -2 083.00 | 1 321.00 | 1 685.00 | 797.00 | - 548.27 |
| Net earnings | -2 043.00 | 1 382.00 | 1 238.00 | 545.00 | - 455.03 |
| Shareholders equity total | 832.00 | 2 214.00 | 3 202.00 | 3 497.00 | 2 042.60 |
| Balance sheet total (assets) | 7 512.00 | 6 691.00 | 5 961.00 | 6 386.00 | 5 939.99 |
| Net debt | 233.00 | 284.00 | -1 057.00 | -2 307.00 | 692.78 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | -26.8 % | 18.7 % | 26.7 % | 13.2 % | -8.7 % |
| ROE | -104.6 % | 90.7 % | 45.7 % | 16.3 % | -16.4 % |
| ROI | -57.9 % | 41.5 % | 49.3 % | 22.1 % | -13.5 % |
| Economic value added (EVA) | -2 208.10 | 1 372.43 | 1 160.86 | 406.77 | - 622.84 |
| Solvency | |||||
| Equity ratio | 11.1 % | 33.1 % | 53.7 % | 54.8 % | 34.4 % |
| Gearing | 61.1 % | 23.4 % | 1.0 % | 8.6 % | 84.0 % |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 1.4 | 1.6 | 2.1 | 2.3 | 1.4 |
| Current ratio | 1.5 | 1.7 | 2.3 | 2.5 | 1.6 |
| Cash and cash equivalents | 275.00 | 233.00 | 1 088.00 | 2 609.00 | 1 022.99 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | B | BB | BBB | BBB | BB |
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