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Azets Denmark Holding ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Azets Denmark Holding ApS
Azets Denmark Holding ApS (CVR number: 34903484) is a company from HERLEV. The company recorded a gross profit of -163 kDKK in 2024. The operating profit was -163 kDKK, while net earnings were 35.2 mDKK. The profitability of the company measured by Return on Assets (ROA) was 8.4 %, which can be considered good and Return on Equity (ROE) was 12.2 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 39.8 %, 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. Azets Denmark Holding ApS's liquidity measured by quick ratio was 2.7 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | - 175.61 | -1 473.05 | -1 051.98 | -1 485.79 | - 163.00 |
| EBIT | - 175.61 | -1 473.05 | -1 051.98 | -1 485.79 | - 163.00 |
| Net earnings | 25 021.51 | 21 706.69 | 29 928.70 | 14 773.32 | 35 233.76 |
| Shareholders equity total | 205 486.03 | 227 192.72 | 257 121.42 | 271 894.74 | 307 128.50 |
| Balance sheet total (assets) | 631 448.53 | 659 658.87 | 677 999.20 | 708 392.78 | 770 973.93 |
| Net debt | 165 483.93 | 167 922.14 | 415 105.09 | 432 641.48 | 460 035.15 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 7.8 % | 5.8 % | 8.2 % | 6.5 % | 8.4 % |
| ROE | 13.0 % | 10.0 % | 12.4 % | 5.6 % | 12.2 % |
| ROI | 7.9 % | 5.8 % | 8.2 % | 6.5 % | 8.4 % |
| Economic value added (EVA) | -17 323.68 | -19 930.90 | -20 636.36 | -35 065.00 | -35 530.08 |
| Solvency | |||||
| Equity ratio | 32.5 % | 34.4 % | 37.9 % | 38.4 % | 39.8 % |
| Gearing | 80.5 % | 73.9 % | 161.4 % | 159.1 % | 149.8 % |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 8.8 | 6.1 | 4.5 | 3.5 | 2.7 |
| Current ratio | 8.8 | 6.1 | 4.5 | 3.5 | 2.7 |
| Cash and cash equivalents | |||||
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | A | BBB | BBB | BBB | BBB |
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