ATHCO-ENGINEERING A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About ATHCO-ENGINEERING A/S
ATHCO-ENGINEERING A/S (CVR number: 11809200) is a company from KOLDING. The company recorded a gross profit of 2299.7 kDKK in 2023. The operating profit was -18.1 mDKK, while net earnings were -14.1 mDKK. The profitability of the company measured by Return on Assets (ROA) was -33.1 %, which can be considered poor and Return on Equity (ROE) was -62 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 33.2 %, 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. ATHCO-ENGINEERING A/S's liquidity measured by quick ratio was 1.2 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 financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 27 268.00 | 28 677.00 | 14 830.00 | 38 363.83 | 2 299.67 |
EBIT | 11 739.00 | 13 870.00 | - 148.00 | 18 804.72 | -18 140.26 |
Net earnings | 8 974.00 | 10 527.00 | - 362.00 | 14 497.30 | -14 080.45 |
Shareholders equity total | 28 895.00 | 29 422.00 | 21 060.00 | 30 557.61 | 14 877.16 |
Balance sheet total (assets) | 54 844.00 | 60 335.00 | 87 499.00 | 60 829.19 | 44 748.83 |
Net debt | -8 523.29 | 1 897.73 | |||
Profitability | |||||
EBIT-% | |||||
ROA | 22.0 % | 24.1 % | -0.2 % | 25.6 % | -33.1 % |
ROE | 62.1 % | 36.1 % | -1.4 % | 56.2 % | -62.0 % |
ROI | 22.0 % | 24.1 % | -0.2 % | 30.6 % | -60.9 % |
Economic value added (EVA) | 11 739.00 | 12 418.03 | -1 626.46 | 13 562.04 | -15 493.58 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 50.2 % | 33.2 % |
Gearing | 12.9 % | ||||
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 2.2 | 1.2 | |||
Current ratio | 2.5 | 1.4 | |||
Cash and cash equivalents | 8 523.29 | 17.65 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | A | BBB | AA | BBB |
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