DESMI A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About DESMI A/S
DESMI A/S (CVR number: 34086796K) is a company from AALBORG. The company reported a net sales of 1953.7 mDKK in 2023, demonstrating a growth of 3.9 % compared to the previous year. The operating profit percentage was at 12.5 % (EBIT: 243.4 mDKK), while net earnings were 167.1 mDKK. The profitability of the company measured by Return on Assets (ROA) was 19.4 %, which can be considered excellent and Return on Equity (ROE) was 25.7 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 58.6 %, 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. DESMI A/S's liquidity measured by quick ratio was 1.5 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 | 1 556.06 | 1 295.53 | 1 275.23 | 1 879.53 | 1 953.72 |
Gross profit | 726.70 | 563.79 | 520.70 | 568.01 | 639.42 |
EBIT | 314.77 | 160.56 | 113.28 | 217.17 | 243.38 |
Net earnings | 230.02 | 124.53 | 95.55 | 152.38 | 167.09 |
Shareholders equity total | 529.10 | 518.55 | 586.53 | 574.93 | 727.74 |
Balance sheet total (assets) | 1 052.22 | 1 011.82 | 1 114.96 | 1 252.49 | 1 346.80 |
Net debt | 161.03 | - 183.32 | |||
Profitability | |||||
EBIT-% | 20.2 % | 12.4 % | 8.9 % | 11.6 % | 12.5 % |
ROA | 37.3 % | 15.6 % | 10.7 % | 18.7 % | 19.4 % |
ROE | 53.6 % | 23.8 % | 17.3 % | 26.2 % | 25.7 % |
ROI | 42.8 % | 15.6 % | 10.7 % | 22.9 % | 29.0 % |
Economic value added (EVA) | 302.51 | 133.97 | 87.22 | 136.41 | 162.15 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 50.5 % | 58.6 % |
Gearing | 41.3 % | 25.3 % | |||
Relative net indebtedness % | 31.6 % | 12.3 % | |||
Liquidity | |||||
Quick ratio | 0.9 | 1.5 | |||
Current ratio | 1.7 | 2.0 | |||
Cash and cash equivalents | 76.16 | 367.72 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 60.7 | 54.7 | |||
Net working capital % | 23.4 % | 31.3 % | |||
Credit risk | |||||
Credit rating | BBB | BBB | AAA | AAA |
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