ERIKSSON ENGINEERING ApS — Credit Rating and Financial Key Figures

CVR number: 35889485
Ved Hegnet 12, 2960 Rungsted Kyst

Company information

Official name
ERIKSSON ENGINEERING ApS
Personnel
1 person
Established
2014
Company form
Private limited company
Industry

About ERIKSSON ENGINEERING ApS

ERIKSSON ENGINEERING ApS (CVR number: 35889485) is a company from HØRSHOLM. The company recorded a gross profit of 521.4 kDKK in 2023. The operating profit was 24.9 kDKK, while net earnings were 14.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 1.7 %, which can be considered weak but Return on Equity (ROE) was 4.4 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 4.5 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. ERIKSSON ENGINEERING ApS's liquidity measured by quick ratio was 1 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit835.001 485.961 057.331 074.36521.42
EBIT378.221 029.44624.96637.3424.87
Net earnings294.73801.09480.48485.6714.92
Shareholders equity total613.351 114.44794.92630.5945.51
Balance sheet total (assets)799.371 682.501 441.911 950.471 002.78
Net debt- 203.79-1 216.31- 824.16- 451.62267.64
Profitability
EBIT-%
ROA37.2 %83.0 %40.0 %37.6 %1.7 %
ROE41.2 %92.7 %50.3 %68.1 %4.4 %
ROI52.8 %119.2 %56.0 %44.6 %1.8 %
Economic value added (EVA)308.00782.38492.61513.6465.94
Solvency
Equity ratio76.7 %66.2 %55.1 %32.3 %4.5 %
Gearing40.7 %176.0 %1984.7 %
Relative net indebtedness %
Liquidity
Quick ratio4.23.02.21.51.0
Current ratio4.23.02.21.51.0
Cash and cash equivalents203.791 216.311 147.431 561.30635.65
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBB

Variable visualization

ROA:1.68%
Rating: 28/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:4.54%
Rating: 5/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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