BADELEMENT A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About BADELEMENT A/S
BADELEMENT A/S (CVR number: 31752469) is a company from HORSENS. The company reported a net sales of 317.9 mDKK in 2023, demonstrating a decline of -9.3 % compared to the previous year. The operating profit percentage was poor at -6 % (EBIT: -19.2 mDKK), while net earnings were -6910 kDKK. The profitability of the company measured by Return on Assets (ROA) was -0.2 %, which can be considered poor and Return on Equity (ROE) was -18.9 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 24.8 %, 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. BADELEMENT A/S's liquidity measured by quick ratio was 1.1 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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 465.63 | 436.89 | 450.06 | 350.66 | 317.88 |
Gross profit | 45.59 | 40.66 | 28.70 | -11.07 | 8.30 |
EBIT | 23.96 | 17.60 | 3.27 | -37.46 | -19.16 |
Net earnings | 25.66 | 21.03 | 13.39 | -21.57 | -6.91 |
Shareholders equity total | 69.66 | 63.25 | 54.33 | 39.31 | 33.88 |
Balance sheet total (assets) | 159.19 | 157.25 | 145.53 | 124.81 | 136.59 |
Net debt | 27.08 | 43.77 | 33.80 | 28.79 | 36.67 |
Profitability | |||||
EBIT-% | 5.1 % | 4.0 % | 0.7 % | -10.7 % | -6.0 % |
ROA | 19.6 % | 16.8 % | 10.9 % | -19.7 % | -0.2 % |
ROE | 39.3 % | 31.6 % | 22.8 % | -46.1 % | -18.9 % |
ROI | 29.4 % | 23.0 % | 14.9 % | -30.2 % | -0.3 % |
Economic value added (EVA) | 18.19 | 13.67 | 2.77 | -27.14 | -15.72 |
Solvency | |||||
Equity ratio | 43.8 % | 40.2 % | 37.3 % | 31.5 % | 24.8 % |
Gearing | 38.9 % | 69.3 % | 64.1 % | 74.5 % | 137.4 % |
Relative net indebtedness % | 16.2 % | 18.6 % | 17.3 % | 22.4 % | 26.5 % |
Liquidity | |||||
Quick ratio | 1.6 | 1.4 | 1.2 | 1.4 | 1.1 |
Current ratio | 1.6 | 1.4 | 1.2 | 1.4 | 1.2 |
Cash and cash equivalents | 0.02 | 0.08 | 1.03 | 0.52 | 9.87 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 58.9 | 61.8 | 61.6 | 67.2 | 55.9 |
Net working capital % | 9.7 % | 7.8 % | 2.8 % | 9.0 % | 4.6 % |
Credit risk | |||||
Credit rating | AA | AA | AA | BBB | BBB |
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