SUB SEA CON A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About SUB SEA CON A/S
SUB SEA CON A/S (CVR number: 34489777) is a company from KOLDING. The company recorded a gross profit of -308 kDKK in 2024. The operating profit was -1545.8 kDKK, while net earnings were -1440.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was -35.3 %, which can be considered poor and Return on Equity (ROE) was -49.8 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 79.5 %, 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. SUB SEA CON A/S's liquidity measured by quick ratio was 2.8 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 5 792.98 | 1 255.39 | 8 801.49 | 4 400.03 | - 308.03 |
EBIT | 4 726.44 | 154.08 | 7 403.77 | 2 713.62 | -1 545.82 |
Net earnings | 3 656.40 | 75.03 | 5 799.95 | 2 224.47 | -1 440.57 |
Shareholders equity total | 1 156.40 | 975.03 | 6 774.99 | 4 724.47 | 1 059.43 |
Balance sheet total (assets) | 3 373.92 | 2 022.73 | 9 596.47 | 7 040.19 | 1 333.45 |
Net debt | - 535.08 | 71.35 | -1 663.97 | -1 874.89 | 234.87 |
Profitability | |||||
EBIT-% | |||||
ROA | 94.3 % | 6.4 % | 128.0 % | 35.8 % | -35.3 % |
ROE | 166.3 % | 7.0 % | 149.7 % | 38.7 % | -49.8 % |
ROI | 163.3 % | 10.6 % | 171.6 % | 48.9 % | -46.8 % |
Economic value added (EVA) | 3 486.13 | 64.11 | 5 750.72 | 1 864.42 | -1 613.00 |
Solvency | |||||
Equity ratio | 34.3 % | 48.2 % | 70.6 % | 67.1 % | 79.5 % |
Gearing | 53.6 % | 50.3 % | 5.9 % | 5.7 % | 23.0 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 1.0 | 1.4 | 3.4 | 2.7 | 2.8 |
Current ratio | 1.0 | 1.4 | 3.4 | 2.7 | 2.8 |
Cash and cash equivalents | 1 154.39 | 418.98 | 2 064.55 | 2 144.59 | 8.28 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | A | BB |
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