AB ELECTRIC A/S — Credit Rating and Financial Key Figures

CVR number: 89264618
Birkedam 10 L, Harte 6000 Kolding
post@ab-electric.dk
tel: 75572777
www.ab-electric.dk

Credit rating

Company information

Official name
AB ELECTRIC A/S
Personnel
73 persons
Established
1980
Domicile
Harte
Company form
Limited company
Industry

About AB ELECTRIC A/S

AB ELECTRIC A/S (CVR number: 89264618) is a company from KOLDING. The company recorded a gross profit of 39 mDKK in 2024. The operating profit was 3420.1 kDKK, while net earnings were 2588.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 13.6 %, which can be considered good but Return on Equity (ROE) was 42 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 27.9 %, 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. AB ELECTRIC A/S's liquidity measured by quick ratio was 1.3 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit27 745.9828 611.9233 631.2536 538.9238 951.50
EBIT1 569.841 385.312 250.313 031.923 420.14
Net earnings1 122.981 024.921 635.782 254.242 588.82
Shareholders equity total4 777.454 682.375 318.155 972.396 361.21
Balance sheet total (assets)21 292.6027 451.1822 432.2428 031.0322 781.21
Net debt-7 136.14-8 033.31-1 142.02429.223 375.70
Profitability
EBIT-%
ROA8.0 %5.7 %9.0 %12.1 %13.6 %
ROE22.4 %21.7 %32.7 %39.9 %42.0 %
ROI18.6 %15.6 %29.3 %44.3 %37.3 %
Economic value added (EVA)1 086.691 235.961 928.112 209.052 483.66
Solvency
Equity ratio22.4 %17.1 %23.7 %21.3 %27.9 %
Gearing2.9 %1.1 %0.9 %14.6 %53.1 %
Relative net indebtedness %
Liquidity
Quick ratio1.31.31.31.31.3
Current ratio1.41.41.51.41.6
Cash and cash equivalents7 274.148 083.301 192.02440.220.24
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:13.6%
Rating: 64/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:27.9%
Rating: 25/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Chairman of the board
Board member

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