A/S STOREBÆLTSFORBINDELSEN — Credit Rating and Financial Key Figures
Credit rating
Company information
About A/S STOREBÆLTSFORBINDELSEN
A/S STOREBÆLTSFORBINDELSEN (CVR number: 10634970K) is a company from KØBENHAVN. The company reported a net sales of 3549 mDKK in 2024, demonstrating a growth of 2.9 % compared to the previous year. The operating profit percentage was at 75.2 % (EBIT: 2670 mDKK), while net earnings were 1749 mDKK. The profitability of the company measured by Return on Assets (ROA) was 10.5 %, which can be considered good but Return on Equity (ROE) was 28.6 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 23.4 %, 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. A/S STOREBÆLTSFORBINDELSEN's liquidity measured by quick ratio was 0.5 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | 2 902.00 | 3 252.00 | 3 419.00 | 3 450.00 | 3 549.00 |
| Gross profit | 2 544.00 | 2 091.00 | 4 324.00 | 2 127.00 | 2 257.00 |
| EBIT | 2 007.00 | 2 351.00 | 2 500.00 | 2 552.00 | 2 670.00 |
| Net earnings | 1 507.00 | 1 680.00 | 2 972.00 | 1 592.00 | 1 749.00 |
| Shareholders equity total | 3 914.00 | 4 216.00 | 5 823.00 | 6 009.00 | 6 233.00 |
| Balance sheet total (assets) | 27 765.00 | 27 419.00 | 27 419.00 | 26 830.00 | 26 588.00 |
| Net debt | - 389.00 | -49.00 | 54.00 | - 118.00 | - 203.00 |
| Profitability | |||||
| EBIT-% | 69.2 % | 72.3 % | 73.1 % | 74.0 % | 75.2 % |
| ROA | 7.3 % | 8.5 % | 14.3 % | 9.5 % | 10.5 % |
| ROE | 38.1 % | 41.3 % | 59.2 % | 26.9 % | 28.6 % |
| ROI | 8.9 % | 10.1 % | 17.7 % | 11.8 % | 13.1 % |
| Economic value added (EVA) | 1 491.94 | 1 725.76 | 1 765.08 | 1 887.99 | 1 856.44 |
| Solvency | |||||
| Equity ratio | 14.1 % | 15.4 % | 21.2 % | 22.4 % | 23.4 % |
| Gearing | 6.3 % | 1.1 % | 0.1 % | ||
| Relative net indebtedness % | 808.5 % | 703.8 % | 631.4 % | 599.9 % | 567.8 % |
| Liquidity | |||||
| Quick ratio | 0.6 | 0.3 | 0.6 | 0.5 | 0.5 |
| Current ratio | 0.6 | 0.3 | 0.6 | 0.5 | 0.5 |
| Cash and cash equivalents | 389.00 | 315.00 | 10.00 | 125.00 | 203.00 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | 38.2 | 36.3 | 48.6 | 27.2 | 28.7 |
| Net working capital % | -55.4 % | -73.2 % | -52.4 % | -41.0 % | -55.8 % |
| Credit risk | |||||
| Credit rating | A | A | A | A | A |
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