K/S ÅGADE 10, 7620 LEMVIG — Credit Rating and Financial Key Figures
Credit rating
Company information
About K/S ÅGADE 10, 7620 LEMVIG
K/S ÅGADE 10, 7620 LEMVIG (CVR number: 28712308) is a company from AARHUS. The company reported a net sales of 0.7 mDKK in 2023, demonstrating a decline of -1.6 % compared to the previous year. The operating profit percentage was at 64.8 % (EBIT: 0.5 mDKK), while net earnings were 169.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3.2 %, which can be considered weak and Return on Equity (ROE) was 1.6 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 75 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. K/S ÅGADE 10, 7620 LEMVIG's liquidity measured by quick ratio was 6.8 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 (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 869.11 | 859.34 | 768.46 | 747.71 | 735.72 |
Gross profit | 718.32 | 680.96 | 589.33 | 589.88 | 576.94 |
EBIT | 718.32 | - 919.04 | 589.33 | 489.88 | 476.94 |
Net earnings | 437.00 | -1 170.89 | 354.22 | 265.38 | 169.16 |
Shareholders equity total | 11 207.02 | 10 036.13 | 10 390.35 | 10 655.73 | 10 824.89 |
Balance sheet total (assets) | 17 800.92 | 15 909.27 | 15 493.09 | 14 996.90 | 14 439.96 |
Net debt | 2 729.65 | 2 422.00 | 2 140.38 | 1 681.50 | 1 249.53 |
Profitability | |||||
EBIT-% | 82.7 % | -106.9 % | 76.7 % | 65.5 % | 64.8 % |
ROA | 4.0 % | -5.5 % | 3.8 % | 3.2 % | 3.2 % |
ROE | 4.0 % | -11.0 % | 3.5 % | 2.5 % | 1.6 % |
ROI | 4.0 % | -5.5 % | 3.8 % | 3.5 % | 3.9 % |
Economic value added (EVA) | 41.57 | -1 580.38 | -4.19 | - 100.62 | - 101.24 |
Solvency | |||||
Equity ratio | 63.0 % | 63.1 % | 67.1 % | 71.1 % | 75.0 % |
Gearing | 24.7 % | 24.4 % | 20.6 % | 16.2 % | 12.0 % |
Relative net indebtedness % | 754.7 % | 680.1 % | 664.0 % | 574.9 % | 484.5 % |
Liquidity | |||||
Quick ratio | 8.7 | 9.6 | 8.0 | 7.3 | 6.8 |
Current ratio | 8.7 | 9.6 | 8.0 | 7.3 | 6.8 |
Cash and cash equivalents | 34.43 | 28.37 | 42.65 | 50.55 | |
Capital use efficiency | |||||
Trade debtors turnover (days) | 1.2 | ||||
Net working capital % | 814.8 % | 803.7 % | 830.8 % | 795.2 % | 745.8 % |
Credit risk | |||||
Credit rating | AA | BBB | A | A | A |
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