DEN ALMENNYTTIGE FOND AF 15. SEPTEMBER 1968 — Credit Rating and Financial Key Figures
Credit rating
Company information
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 financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 2 114.20 | 2 036.62 | 2 061.31 | 2 208.29 | 1 985.28 |
Gross profit | 626.81 | 426.58 | 1 430.48 | 1 437.76 | 917.97 |
EBIT | 550.27 | 3 841.68 | 4 514.10 | 1 350.97 | 544.21 |
Net earnings | 410.34 | 3 044.10 | 3 565.06 | 1 148.82 | 562.81 |
Shareholders equity total | 21 288.25 | 24 126.35 | 27 573.84 | 28 460.96 | 28 756.89 |
Balance sheet total (assets) | 27 164.91 | 30 890.14 | 35 041.28 | 35 832.99 | 36 504.28 |
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 % |
ROA | 2.2 % | 13.5 % | 13.9 % | 4.0 % | 1.7 % |
ROE | 1.9 % | 13.4 % | 13.8 % | 4.1 % | 2.0 % |
ROI | 2.3 % | 14.1 % | 14.5 % | 4.1 % | 1.7 % |
Economic value added (EVA) | - 467.40 | 2 146.17 | 2 532.93 | 5.60 | - 590.67 |
Solvency | |||||
Equity ratio | 78.4 % | 78.1 % | 78.7 % | 79.4 % | 78.8 % |
Gearing | 6.5 % | 5.4 % | 4.5 % | 4.1 % | 3.8 % |
Relative net indebtedness % | -103.8 % | -104.7 % | -163.0 % | -194.1 % | -186.3 % |
Liquidity | |||||
Quick ratio | 4.2 | 3.8 | 4.3 | 5.0 | 4.0 |
Current ratio | 4.2 | 3.8 | 4.3 | 5.0 | 4.0 |
Cash and cash equivalents | 4 599.40 | 4 668.30 | 5 887.95 | 6 724.41 | 6 582.56 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 39.8 | 33.4 | |||
Net working capital % | 37.4 % | 46.7 % | 81.0 % | 122.5 % | 158.5 % |
Credit risk | |||||
Credit rating | AA | AA | AA | AA | A |
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