SKAGENFOOD A/S — Credit Rating and Financial Key Figures

CVR number: 26022894
Hyttefadsvej 8, 9970 Strandby

Company information

Official name
SKAGENFOOD A/S
Personnel
101 persons
Established
2001
Company form
Limited company
Industry

About SKAGENFOOD A/S

SKAGENFOOD A/S (CVR number: 26022894) is a company from FREDERIKSHAVN. The company recorded a gross profit of 26.1 mDKK in 2023. The operating profit was 3561.8 kDKK, while net earnings were 4464.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 13.6 %, which can be considered good but Return on Equity (ROE) was 20.4 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 59.9 %, 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. SKAGENFOOD A/S's liquidity measured by quick ratio was 1.7 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit24 785.1533 563.0331 230.2023 669.8026 094.12
EBIT4 889.027 624.953 021.64-1 076.073 561.76
Net earnings3 925.336 021.052 417.71- 119.504 464.72
Shareholders equity total13 803.9419 825.0022 242.7019 622.8324 087.55
Balance sheet total (assets)32 500.6243 507.2941 934.9736 137.5941 485.93
Net debt-6 096.41-6 905.78-4 357.64-6 356.69-14 639.63
Profitability
EBIT-%
ROA16.6 %20.4 %7.4 %-0.8 %13.6 %
ROE33.1 %35.8 %11.5 %-0.6 %20.4 %
ROI37.1 %40.0 %13.2 %-1.3 %22.1 %
Economic value added (EVA)3 703.215 595.431 885.00-1 179.302 556.14
Solvency
Equity ratio47.6 %48.4 %55.8 %57.1 %59.9 %
Gearing5.1 %0.7 %1.4 %0.8 %1.7 %
Relative net indebtedness %
Liquidity
Quick ratio1.31.11.31.41.7
Current ratio1.41.31.51.61.9
Cash and cash equivalents6 799.277 050.324 671.996 508.6815 040.91
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAABBBA

Variable visualization

ROA:13.6%
Rating: 64/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:59.9%
Rating: 46/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer
Board member
Chief executive officer
Chairman of the board

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