Danish Oil Pipe A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Danish Oil Pipe A/S
Danish Oil Pipe A/S (CVR number: 34890021) is a company from FREDERICIA. The company reported a net sales of 373.9 mDKK in 2024, demonstrating a growth of 18.3 % compared to the previous year. The operating profit percentage was poor at -0.4 % (EBIT: -1.6 mDKK), while net earnings were 11.1 mDKK. The profitability of the company measured by Return on Assets (ROA) was 2.2 %, which can be considered weak and Return on Equity (ROE) was 2.4 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 29.5 %, 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. Danish Oil Pipe A/S's liquidity measured by quick ratio was 3.4 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 financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 377.44 | 326.13 | 287.56 | 316.01 | 373.88 |
Gross profit | 56.02 | 29.66 | 29.61 | 8.74 | 16.62 |
EBIT | 49.76 | 23.41 | 23.35 | -0.78 | -1.58 |
Net earnings | 3.95 | -3.35 | -2.04 | 12.58 | 11.07 |
Shareholders equity total | 449.27 | 445.93 | 443.88 | 456.46 | 467.53 |
Balance sheet total (assets) | 2 381.74 | 1 907.86 | 1 177.13 | 1 188.07 | 1 149.33 |
Net debt | 1 300.21 | 980.53 | 26.66 | 179.43 | 158.03 |
Profitability | |||||
EBIT-% | 13.2 % | 7.2 % | 8.1 % | -0.2 % | -0.4 % |
ROA | 1.9 % | 1.2 % | 2.4 % | 2.5 % | 2.2 % |
ROE | 0.9 % | -0.7 % | -0.5 % | 2.8 % | 2.4 % |
ROI | 2.0 % | 1.3 % | 2.7 % | 2.9 % | 2.4 % |
Economic value added (EVA) | - 124.68 | -90.76 | -75.79 | -45.64 | -55.53 |
Solvency | |||||
Equity ratio | 18.9 % | 23.4 % | 27.7 % | 28.0 % | 29.5 % |
Gearing | 289.4 % | 219.9 % | 6.0 % | 39.3 % | 33.8 % |
Relative net indebtedness % | 406.6 % | 322.0 % | 255.0 % | 231.5 % | 182.3 % |
Liquidity | |||||
Quick ratio | 2.2 | 3.9 | 3.1 | 2.9 | 3.4 |
Current ratio | 2.2 | 3.9 | 3.1 | 2.9 | 3.4 |
Cash and cash equivalents | 0.02 | 0.03 | 0.00 | 0.05 | 0.05 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 6.0 | 5.3 | 30.5 | 47.7 | 59.0 |
Net working capital % | 168.8 % | 184.4 % | 213.1 % | 179.2 % | 156.8 % |
Credit risk | |||||
Credit rating | AA | AA | A | A | A |
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