Flügger Denmark A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Flügger Denmark A/S
Flügger Denmark A/S (CVR number: 45240118) is a company from RØDOVRE. The company reported a net sales of 1082.8 mDKK in 2023, demonstrating a growth of 6.4 % compared to the previous year. The operating profit percentage was at 2 % (EBIT: 22.1 mDKK), while net earnings were 15.3 mDKK. The profitability of the company measured by Return on Assets (ROA) was 4.1 %, which can be considered decent and Return on Equity (ROE) was 7.1 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 32.9 %, 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. Flügger Denmark A/S's liquidity measured by quick ratio was 0.8 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 financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 795.49 | 1 039.68 | 1 107.20 | 1 017.39 | 1 082.83 |
Gross profit | 795.49 | 1 039.68 | 310.27 | 347.89 | 329.11 |
EBIT | 37.24 | 33.47 | 31.86 | 42.53 | 22.15 |
Net earnings | 16.78 | 24.86 | 23.41 | 29.60 | 15.28 |
Shareholders equity total | 209.24 | 218.06 | 206.47 | 215.54 | 216.35 |
Balance sheet total (assets) | 446.49 | 478.71 | 635.02 | 654.19 | 657.24 |
Net debt | 252.47 | 258.71 | 280.11 | ||
Profitability | |||||
EBIT-% | 4.7 % | 3.2 % | 2.9 % | 4.2 % | 2.0 % |
ROA | 9.9 % | 7.2 % | 6.1 % | 7.1 % | 4.1 % |
ROE | 8.4 % | 11.6 % | 11.0 % | 14.0 % | 7.1 % |
ROI | 9.9 % | 7.2 % | 7.0 % | 9.4 % | 5.3 % |
Economic value added (EVA) | 27.57 | 22.96 | 13.34 | 25.03 | 9.12 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 32.5 % | 32.9 % | 32.9 % |
Gearing | 122.9 % | 120.2 % | 130.0 % | ||
Relative net indebtedness % | 38.2 % | 42.6 % | 40.0 % | ||
Liquidity | |||||
Quick ratio | 1.0 | 0.6 | 0.8 | ||
Current ratio | 1.5 | 1.1 | 1.1 | ||
Cash and cash equivalents | 1.20 | 0.47 | 1.12 | ||
Capital use efficiency | |||||
Trade debtors turnover (days) | 41.4 | 44.5 | 40.0 | ||
Net working capital % | 11.9 % | 1.6 % | 4.0 % | ||
Credit risk | |||||
Credit rating | BBB | BBB | AA | AAA | AAA |
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