ANDCO A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About ANDCO A/S
ANDCO A/S (CVR number: 21705535) is a company from KØBENHAVN. The company reported a net sales of 145.3 mDKK in 2023, demonstrating a decline of -11.4 % compared to the previous year. The operating profit percentage was at 5.8 % (EBIT: 8.5 mDKK), while net earnings were 6232.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 7.3 %, which can be considered decent but Return on Equity (ROE) was 14.6 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 34.5 %, 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. ANDCO A/S's liquidity measured by quick ratio was 1.6 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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 172.78 | 128.68 | 161.66 | 164.03 | 145.33 |
Gross profit | 70.03 | 59.03 | 76.40 | 83.62 | 76.08 |
EBIT | 12.63 | 6.49 | 14.92 | 12.15 | 8.50 |
Net earnings | 9.76 | 5.19 | 11.33 | 9.30 | 6.23 |
Shareholders equity total | 23.89 | 29.08 | 40.41 | 49.71 | 35.94 |
Balance sheet total (assets) | 113.30 | 107.75 | 121.11 | 128.69 | 108.01 |
Net debt | -61.50 | -37.94 | |||
Profitability | |||||
EBIT-% | 7.3 % | 5.0 % | 9.2 % | 7.4 % | 5.8 % |
ROA | 12.1 % | 5.9 % | 13.0 % | 9.8 % | 7.3 % |
ROE | 36.8 % | 19.6 % | 32.6 % | 20.6 % | 14.6 % |
ROI | 17.2 % | 5.9 % | 13.0 % | 13.8 % | 16.9 % |
Economic value added (EVA) | 13.15 | 5.29 | 13.46 | 7.43 | 7.38 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 38.6 % | 34.5 % |
Gearing | 9.2 % | 18.4 % | |||
Relative net indebtedness % | 6.5 % | 17.0 % | |||
Liquidity | |||||
Quick ratio | 1.6 | 1.6 | |||
Current ratio | 1.6 | 1.5 | |||
Cash and cash equivalents | 66.08 | 44.53 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 111.3 | 112.2 | |||
Net working capital % | 29.7 % | 24.1 % | |||
Credit risk | |||||
Credit rating | A | BBB | A | A | A |
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