team.blue Denmark A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About team.blue Denmark A/S
team.blue Denmark A/S (CVR number: 29412006) is a company from SKANDERBORG. The company reported a net sales of 600.1 mDKK in 2023, demonstrating a growth of 11.9 % compared to the previous year. The operating profit percentage was at 29.2 % (EBIT: 175.1 mDKK), while net earnings were 140.1 mDKK. The profitability of the company measured by Return on Assets (ROA) was 34.7 %, which can be considered excellent and Return on Equity (ROE) was 52.1 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 51.5 %, 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. team.blue Denmark A/S's liquidity measured by quick ratio was 1.7 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 | 393.04 | 416.79 | 476.72 | 536.12 | 600.10 |
Gross profit | 241.74 | 255.26 | 290.56 | 312.17 | 351.15 |
EBIT | 115.95 | 120.06 | 135.07 | 145.40 | 175.11 |
Net earnings | 90.80 | 102.58 | 107.41 | 117.09 | 140.13 |
Shareholders equity total | 138.78 | 174.18 | 281.59 | 248.68 | 288.81 |
Balance sheet total (assets) | 327.41 | 418.25 | 515.52 | 512.55 | 561.18 |
Net debt | -28.29 | -37.00 | -20.80 | 13.57 | -22.42 |
Profitability | |||||
EBIT-% | 29.5 % | 28.8 % | 28.3 % | 27.1 % | 29.2 % |
ROA | 40.6 % | 34.0 % | 30.8 % | 30.2 % | 34.7 % |
ROE | 95.7 % | 65.6 % | 47.1 % | 44.2 % | 52.1 % |
ROI | 92.8 % | 66.0 % | 53.7 % | 49.9 % | 61.6 % |
Economic value added (EVA) | 90.94 | 90.47 | 100.34 | 101.89 | 125.38 |
Solvency | |||||
Equity ratio | 56.3 % | 41.6 % | 54.6 % | 48.5 % | 51.5 % |
Gearing | 13.9 % | 17.6 % | 8.3 % | 14.2 % | 1.6 % |
Relative net indebtedness % | 35.5 % | 42.1 % | 39.8 % | 45.2 % | 40.9 % |
Liquidity | |||||
Quick ratio | 2.2 | 1.3 | 1.9 | 1.6 | 1.7 |
Current ratio | 1.2 | 1.3 | 1.9 | 1.6 | 1.7 |
Cash and cash equivalents | 47.59 | 67.57 | 44.16 | 21.66 | 27.14 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 23.4 | 28.2 | 28.5 | 27.1 | 31.1 |
Net working capital % | 8.3 % | 16.3 % | 40.2 % | 28.6 % | 30.7 % |
Credit risk | |||||
Credit rating | AA | AA | AAA | AA | AA |
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