BALTIC INDUSTRIAL GROUP A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About BALTIC INDUSTRIAL GROUP A/S
BALTIC INDUSTRIAL GROUP A/S (CVR number: 21147532K) is a company from HOLBÆK. The company recorded a gross profit of 75.8 mDKK in 2023. The operating profit was 7246.7 kDKK, while net earnings were 2164 kDKK. The profitability of the company measured by Return on Assets (ROA) was 2.8 %, which can be considered weak and Return on Equity (ROE) was 1.5 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 53.8 %, 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. BALTIC INDUSTRIAL GROUP A/S's liquidity measured by quick ratio was 0.6 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 68 413.33 | 61 303.35 | 65 400.05 | 69 861.56 | 75 776.28 |
EBIT | 9 664.75 | 10 460.42 | 9 681.69 | 10 855.28 | 7 246.71 |
Net earnings | 3 974.92 | 6 432.81 | 10 454.08 | 4 087.45 | 2 164.03 |
Shareholders equity total | 139 714.07 | 146 146.88 | 148 369.47 | 149 288.93 | 148 152.96 |
Balance sheet total (assets) | 275 713.70 | 282 622.79 | 293 867.75 | 281 800.27 | 275 129.55 |
Net debt | 97 049.76 | 76 134.85 | 77 196.66 | 74 623.55 | 67 509.96 |
Profitability | |||||
EBIT-% | |||||
ROA | 3.5 % | 3.9 % | 3.4 % | 4.2 % | 2.8 % |
ROE | 2.9 % | 4.5 % | 7.1 % | 2.7 % | 1.5 % |
ROI | 3.7 % | 4.0 % | 3.6 % | 4.6 % | 3.1 % |
Economic value added (EVA) | -5 746.88 | -3 390.54 | -4 051.59 | -3 383.38 | -5 171.70 |
Solvency | |||||
Equity ratio | 50.7 % | 51.7 % | 50.5 % | 53.0 % | 53.8 % |
Gearing | 69.5 % | 66.0 % | 65.2 % | 53.4 % | 45.7 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 1.3 | 2.4 | 6.3 | 1.4 | 0.6 |
Current ratio | 2.8 | 3.3 | 7.8 | 1.9 | 1.3 |
Cash and cash equivalents | 28.17 | 20 253.82 | 19 589.32 | 5 152.92 | 243.45 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | AAA | AAA | AAA | AAA | AAA |
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