BAXTER A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About BAXTER A/S
BAXTER A/S (CVR number: 72246012) is a company from GLADSAXE. The company reported a net sales of 53.7 mDKK in 2023, demonstrating a decline of -1.7 % compared to the previous year. The operating profit percentage was at 10.4 % (EBIT: 5.6 mDKK), while net earnings were 5654.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 8.9 %, which can be considered good and Return on Equity (ROE) was 12.2 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 54.1 %, 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. BAXTER A/S's liquidity measured by quick ratio was 1.9 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 financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 59.60 | 57.17 | 51.21 | 54.63 | 53.72 |
Gross profit | 41.97 | 43.15 | 41.64 | 42.40 | 39.04 |
EBIT | 5.58 | 5.57 | 5.69 | 8.04 | 5.56 |
Net earnings | 4.22 | 4.27 | 4.35 | 6.32 | 5.65 |
Shareholders equity total | 28.42 | 32.69 | 37.03 | 43.36 | 49.01 |
Balance sheet total (assets) | 71.32 | 75.72 | 71.88 | 76.82 | 90.66 |
Net debt | 31.76 | 25.30 | 22.32 | 22.42 | 30.36 |
Profitability | |||||
EBIT-% | 9.4 % | 9.7 % | 11.1 % | 14.7 % | 10.4 % |
ROA | 7.6 % | 7.6 % | 7.7 % | 11.3 % | 8.9 % |
ROE | 16.0 % | 14.0 % | 12.5 % | 15.7 % | 12.2 % |
ROI | 8.8 % | 9.1 % | 9.4 % | 12.8 % | 10.1 % |
Economic value added (EVA) | 3.06 | 2.89 | 2.72 | 5.72 | 3.74 |
Solvency | |||||
Equity ratio | 39.8 % | 43.2 % | 51.5 % | 56.4 % | 54.1 % |
Gearing | 111.8 % | 77.4 % | 63.5 % | 54.2 % | 62.7 % |
Relative net indebtedness % | 67.5 % | 72.2 % | 62.4 % | 56.8 % | 75.1 % |
Liquidity | |||||
Quick ratio | 1.1 | 1.3 | 1.6 | 1.9 | 1.9 |
Current ratio | 1.1 | 1.3 | 1.6 | 1.9 | 1.9 |
Cash and cash equivalents | 1.22 | 1.09 | 0.39 | ||
Capital use efficiency | |||||
Trade debtors turnover (days) | 25.1 | 22.0 | 16.5 | 24.3 | 45.6 |
Net working capital % | 6.4 % | 20.0 % | 35.7 % | 52.0 % | 67.7 % |
Credit risk | |||||
Credit rating | AA | AA | AAA | AAA | AAA |
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