ASKOVFONDEN — Credit Rating and Financial Key Figures

CVR number: 55627312
Struenseegade 9, 2200 København N
tel: 35397242

Company information

Official name
ASKOVFONDEN
Personnel
154 persons
Established
1943
Industry

About ASKOVFONDEN

ASKOVFONDEN (CVR number: 55627312) is a company from KØBENHAVN. The company reported a net sales of 86.7 mDKK in 2023, demonstrating a growth of 17 % compared to the previous year. The operating profit percentage was at 3.7 % (EBIT: 3.2 mDKK), while net earnings were 2544.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3.9 %, which can be considered weak but Return on Equity (ROE) was 5.8 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 53.7 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. ASKOVFONDEN's liquidity measured by quick ratio was 0.8 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
2022
2023
Volume
Net sales74 125.0786 715.07
Gross profit58 181.4967 871.84
EBIT- 921.573 188.12
Net earnings994.432 544.65
Shareholders equity total41 681.4446 805.65
Balance sheet total (assets)90 615.4387 127.21
Net debt5 067.441 684.73
Profitability
EBIT-%-1.2 %3.7 %
ROA1.7 %3.9 %
ROE2.4 %5.8 %
ROI2.2 %5.0 %
Economic value added (EVA)- 948.72- 772.33
Solvency
Equity ratio46.0 %53.7 %
Gearing31.9 %14.8 %
Relative net indebtedness %41.6 %30.4 %
Liquidity
Quick ratio0.50.8
Current ratio0.50.8
Cash and cash equivalents8 229.255 254.25
Capital use efficiency
Trade debtors turnover (days)9.915.8
Net working capital %-15.3 %-3.6 %
Credit risk
Credit ratingAAAA

Variable visualization

ROA:3.95%
Rating: 40/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:53.7%
Rating: 42/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Board member
Chief executive officer
Board member

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