FONDEN DANMARKS FLYMUSEUM — Credit Rating and Financial Key Figures
Credit rating
Company information
About FONDEN DANMARKS FLYMUSEUM
FONDEN DANMARKS FLYMUSEUM (CVR number: 11678645) is a company from RINGKØBING-SKJERN. The company reported a net sales of 2 mDKK in 2023, demonstrating a growth of 23.8 % compared to the previous year. The operating profit percentage was at 18.7 % (EBIT: 0.4 mDKK), while net earnings were 362.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3 %, which can be considered weak but Return on Equity (ROE) was 4.3 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 67.9 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. FONDEN DANMARKS FLYMUSEUM's liquidity measured by quick ratio was 11.4 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 financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 1 703.19 | 1 139.33 | 1 321.08 | 1 623.67 | 2 010.22 |
Gross profit | 1 043.01 | 1 166.68 | 747.26 | 800.54 | 948.63 |
EBIT | 638.87 | 764.82 | 282.49 | 310.48 | 376.47 |
Net earnings | 502.56 | 655.57 | 197.39 | 261.30 | 362.19 |
Shareholders equity total | 7 112.94 | 7 768.51 | 7 965.89 | 8 227.20 | 8 589.39 |
Balance sheet total (assets) | 13 425.57 | 13 579.05 | 13 198.31 | 12 724.85 | 12 655.81 |
Net debt | 5 756.44 | 4 946.43 | 4 515.30 | 4 054.16 | - 719.78 |
Profitability | |||||
EBIT-% | 37.5 % | 67.1 % | 21.4 % | 19.1 % | 18.7 % |
ROA | 4.7 % | 5.7 % | 2.1 % | 2.4 % | 3.0 % |
ROE | 7.3 % | 8.8 % | 2.5 % | 3.2 % | 4.3 % |
ROI | 4.7 % | 5.7 % | 2.1 % | 2.4 % | 3.0 % |
Economic value added (EVA) | 2.37 | 133.75 | - 277.47 | - 267.24 | - 220.17 |
Solvency | |||||
Equity ratio | 53.0 % | 57.2 % | 60.4 % | 64.7 % | 67.9 % |
Gearing | 88.3 % | 74.3 % | 63.8 % | 53.6 % | 0.0 % |
Relative net indebtedness % | 340.0 % | 437.6 % | 353.0 % | 255.2 % | 166.5 % |
Liquidity | |||||
Quick ratio | 1.5 | 0.5 | 0.5 | 0.8 | 11.4 |
Current ratio | 1.6 | 0.6 | 0.6 | 0.9 | 12.7 |
Cash and cash equivalents | 521.79 | 824.96 | 569.18 | 353.79 | 719.78 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | 13.0 % | -59.8 % | -36.0 % | -3.1 % | 38.6 % |
Credit risk | |||||
Credit rating | AA | AA | A | A | AA |
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