ERRI MIDDLE EAST A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About ERRI MIDDLE EAST A/S
ERRI MIDDLE EAST A/S (CVR number: 29612889) is a company from ESBJERG. The company recorded a gross profit of -8 kDKK in 2024. The operating profit was -8 kDKK, while net earnings were -4.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was -10 %, which can be considered poor and Return on Equity (ROE) was -10.6 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 84.8 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. ERRI MIDDLE EAST A/S's liquidity measured by quick ratio was 6.6 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 financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | -7.00 | -6.10 | -6.60 | -10.10 | -8.00 |
| EBIT | -7.00 | -6.10 | -6.60 | -10.10 | -8.00 |
| Net earnings | -3.51 | -2.95 | -3.47 | -9.76 | -4.55 |
| Shareholders equity total | 61.39 | 58.43 | 54.97 | 45.20 | 40.66 |
| Balance sheet total (assets) | 224.39 | 233.63 | 62.27 | 68.53 | 47.96 |
| Net debt | 155.71 | 167.90 | 3.20 | ||
| Profitability | |||||
| EBIT-% | |||||
| ROA | 0.6 % | 1.1 % | -3.0 % | -12.4 % | -10.0 % |
| ROE | -5.6 % | -4.9 % | -6.1 % | -19.5 % | -10.6 % |
| ROI | 0.6 % | 1.2 % | -3.2 % | -15.6 % | -13.1 % |
| Economic value added (EVA) | -17.35 | -17.00 | -17.97 | -11.25 | -8.67 |
| Solvency | |||||
| Equity ratio | 27.4 % | 25.0 % | 88.3 % | 66.0 % | 84.8 % |
| Gearing | 253.7 % | 287.3 % | 7.1 % | ||
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 1.4 | 1.3 | 8.5 | 2.9 | 6.6 |
| Current ratio | 1.4 | 1.3 | 8.5 | 2.9 | 6.6 |
| Cash and cash equivalents | |||||
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BB | BB | BB | BB | BB |
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