K. NISSEN INTERNATIONAL A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About K. NISSEN INTERNATIONAL A/S
K. NISSEN INTERNATIONAL A/S (CVR number: 70606917K) is a company from HORSENS. The company reported a net sales of 1584.3 mDKK in 2021, demonstrating a decline of -35 % compared to the previous year. The operating profit percentage was at 7.6 % (EBIT: 121 mDKK), while net earnings were 833.7 mDKK. The profitability of the company measured by Return on Assets (ROA) was 8.8 %, which can be considered good but Return on Equity (ROE) was 144.6 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 35 %, 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. K. NISSEN INTERNATIONAL A/S's liquidity measured by quick ratio was 0.6 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 financials2017 | 2018 | 2019 | 2020 | 2021 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 1 675.67 | 1 982.86 | 1 943.20 | 2 438.81 | 1 584.30 |
Gross profit | 572.54 | 632.84 | 591.86 | 743.94 | 333.51 |
EBIT | 169.08 | 209.76 | 152.87 | 276.45 | 120.97 |
Net earnings | 92.67 | 156.95 | 109.12 | 206.64 | 833.66 |
Shareholders equity total | 585.26 | 666.82 | 672.80 | 806.37 | 346.30 |
Balance sheet total (assets) | 1 127.50 | 1 385.89 | 1 436.38 | 1 790.92 | 989.55 |
Net debt | 101.90 | 6.86 | 49.13 | 105.71 | 180.08 |
Profitability | |||||
EBIT-% | 10.1 % | 10.6 % | 7.9 % | 11.3 % | 7.6 % |
ROA | 15.4 % | 16.8 % | 11.3 % | 17.5 % | 8.8 % |
ROE | 16.9 % | 25.1 % | 16.3 % | 27.9 % | 144.6 % |
ROI | 23.4 % | 25.9 % | 17.5 % | 27.1 % | 14.6 % |
Economic value added (EVA) | 101.52 | 125.92 | 83.70 | 184.55 | 123.75 |
Solvency | |||||
Equity ratio | 51.9 % | 49.7 % | 46.9 % | 45.1 % | 35.0 % |
Gearing | 27.8 % | 27.7 % | 36.2 % | 33.0 % | 52.0 % |
Relative net indebtedness % | 27.8 % | 26.5 % | 28.3 % | 32.6 % | 39.7 % |
Liquidity | |||||
Quick ratio | 1.2 | 1.3 | 1.1 | 1.1 | 0.6 |
Current ratio | 2.5 | 2.1 | 2.1 | 1.9 | 1.7 |
Cash and cash equivalents | 60.80 | 178.16 | 194.56 | 160.09 | |
Capital use efficiency | |||||
Trade debtors turnover (days) | 66.7 | 71.5 | 68.8 | 86.0 | 62.8 |
Net working capital % | 31.6 % | 31.0 % | 31.0 % | 28.7 % | 23.1 % |
Credit risk | |||||
Credit rating | AAA | AAA | AAA | AAA | A |
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