DEN ALMENNYTTIGE FOND AF 15. SEPTEMBER 1968 — Credit Rating and Financial Key Figures

CVR number: 59577417
Skindergade 23, 1159 København K

Company information

Official name
DEN ALMENNYTTIGE FOND AF 15. SEPTEMBER 1968
Personnel
2 persons
Established
1999
Industry

About DEN ALMENNYTTIGE FOND AF 15. SEPTEMBER 1968

DEN ALMENNYTTIGE FOND AF 15. SEPTEMBER 1968 (CVR number: 59577417) is a company from KØBENHAVN. The company reported a net sales of 2 mDKK in 2023, demonstrating a decline of -10.1 % compared to the previous year. The operating profit percentage was at 27.4 % (EBIT: 0.5 mDKK), while net earnings were 562.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 1.7 %, which can be considered weak and Return on Equity (ROE) was 2 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 78.8 %, 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. DEN ALMENNYTTIGE FOND AF 15. SEPTEMBER 1968's liquidity measured by quick ratio was 4 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 financials

Net sales (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales2 114.202 036.622 061.312 208.291 985.28
Gross profit626.81426.581 430.481 437.76917.97
EBIT550.273 841.684 514.101 350.97544.21
Net earnings410.343 044.103 565.061 148.82562.81
Shareholders equity total21 288.2524 126.3527 573.8428 460.9628 756.89
Balance sheet total (assets)27 164.9130 890.1435 041.2835 832.9936 504.28
Net debt-3 217.89-3 356.24-4 646.77-5 555.54-5 487.48
Profitability
EBIT-%26.0 %188.6 %219.0 %61.2 %27.4 %
ROA2.2 %13.5 %13.9 %4.0 %1.7 %
ROE1.9 %13.4 %13.8 %4.1 %2.0 %
ROI2.3 %14.1 %14.5 %4.1 %1.7 %
Economic value added (EVA)- 467.402 146.172 532.935.60- 590.67
Solvency
Equity ratio78.4 %78.1 %78.7 %79.4 %78.8 %
Gearing6.5 %5.4 %4.5 %4.1 %3.8 %
Relative net indebtedness %-103.8 %-104.7 %-163.0 %-194.1 %-186.3 %
Liquidity
Quick ratio4.23.84.35.04.0
Current ratio4.23.84.35.04.0
Cash and cash equivalents4 599.404 668.305 887.956 724.416 582.56
Capital use efficiency
Trade debtors turnover (days)39.833.4
Net working capital %37.4 %46.7 %81.0 %122.5 %158.5 %
Credit risk
Credit ratingAAAAAAAAA

Variable visualization

ROA:1.66%
Rating: 28/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:78.8%
Rating: 59/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Chairman of the board
Board member
Board member

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