ARDEX SKANDINAVIA A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About ARDEX SKANDINAVIA A/S
ARDEX SKANDINAVIA A/S (CVR number: 11709214) is a company from HERLEV. The company reported a net sales of 245.6 mDKK in 2024, demonstrating a decline of -5.7 % compared to the previous year. The operating profit percentage was at 12.1 % (EBIT: 29.8 mDKK), while net earnings were 30.7 mDKK. The profitability of the company measured by Return on Assets (ROA) was 26.1 %, which can be considered excellent and Return on Equity (ROE) was 23.8 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 88 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. ARDEX SKANDINAVIA A/S's liquidity measured by quick ratio was 4.7 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2023 | 2024 | |
---|---|---|
Volume | ||
Net sales | 260 523.00 | 245 578.00 |
Gross profit | 55 819.00 | 68 279.00 |
EBIT | 19 097.00 | 29 769.00 |
Net earnings | 19 721.00 | 30 661.00 |
Shareholders equity total | 122 017.00 | 136 134.00 |
Balance sheet total (assets) | 142 758.00 | 154 741.00 |
Net debt | -24 294.00 | -39 858.00 |
Profitability | ||
EBIT-% | 7.3 % | 12.1 % |
ROA | 18.9 % | 26.1 % |
ROE | 16.2 % | 23.8 % |
ROI | 21.1 % | 29.0 % |
Economic value added (EVA) | 14 684.62 | 16 645.43 |
Solvency | ||
Equity ratio | 85.5 % | 88.0 % |
Gearing | 2.5 % | 1.0 % |
Relative net indebtedness % | -3.6 % | -10.4 % |
Liquidity | ||
Quick ratio | 3.2 | 4.7 |
Current ratio | 5.1 | 6.5 |
Cash and cash equivalents | 27 379.00 | 41 231.00 |
Capital use efficiency | ||
Trade debtors turnover (days) | 14.5 | 12.5 |
Net working capital % | 28.0 % | 35.4 % |
Credit risk | ||
Credit rating | AA | AA |
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