Linde Gas A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Linde Gas A/S
Linde Gas A/S (CVR number: 10290511) is a company from BALLERUP. The company reported a net sales of 795 mDKK in 2024, demonstrating a decline of -0.4 % compared to the previous year. The operating profit percentage was at 27.4 % (EBIT: 217.9 mDKK), while net earnings were 179.8 mDKK. The profitability of the company measured by Return on Assets (ROA) was 25.4 %, which can be considered excellent and Return on Equity (ROE) was 24.6 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 82.5 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. Linde Gas A/S's liquidity measured by quick ratio was 3.1 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 (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 550.30 | 629.99 | 737.79 | 798.18 | 794.97 |
Gross profit | 550.30 | 224.68 | 290.24 | 319.08 | 337.45 |
EBIT | 63.70 | 102.39 | 171.58 | 198.85 | 217.92 |
Net earnings | 56.00 | 80.11 | 137.34 | 161.57 | 179.84 |
Shareholders equity total | 385.70 | 465.78 | 603.12 | 689.69 | 769.54 |
Balance sheet total (assets) | 652.10 | 698.25 | 764.15 | 875.70 | 933.12 |
Net debt | 76.45 | -5.76 | 20.86 | 2.96 | |
Profitability | |||||
EBIT-% | 11.6 % | 16.3 % | 23.3 % | 24.9 % | 27.4 % |
ROA | 11.0 % | 15.3 % | 24.0 % | 25.2 % | 25.4 % |
ROE | 15.7 % | 18.8 % | 25.7 % | 25.0 % | 24.6 % |
ROI | 16.5 % | 20.5 % | 28.5 % | 30.0 % | 29.6 % |
Economic value added (EVA) | 35.38 | 59.05 | 104.09 | 122.95 | 132.56 |
Solvency | |||||
Equity ratio | 59.1 % | 66.7 % | 78.9 % | 78.8 % | 82.5 % |
Gearing | 20.2 % | 2.4 % | 5.4 % | 3.6 % | |
Relative net indebtedness % | 43.3 % | 29.2 % | 16.4 % | 19.3 % | 15.8 % |
Liquidity | |||||
Quick ratio | 0.6 | 0.9 | 1.9 | 2.3 | 3.1 |
Current ratio | 0.6 | 1.0 | 2.1 | 2.5 | 3.3 |
Cash and cash equivalents | 17.54 | 20.26 | 16.09 | 24.46 | |
Capital use efficiency | |||||
Trade debtors turnover (days) | 80.9 | 65.9 | 60.2 | 60.4 | |
Net working capital % | -15.1 % | 0.1 % | 20.4 % | 31.0 % | 41.9 % |
Credit risk | |||||
Credit rating | AA | AAA | AAA | AAA | AAA |
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