Bacon Group A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Bacon Group A/S
Bacon Group A/S (CVR number: 37414018K) is a company from FREDERIKSBERG. The company reported a net sales of 108 mDKK in 2023, demonstrating a decline of -35.3 % compared to the previous year. The operating profit percentage was poor at -0.7 % (EBIT: -0.8 mDKK), while net earnings were -1151.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was -1.1 %, which can be considered poor and Return on Equity (ROE) was -5.3 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 61.9 %, 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. Bacon Group A/S's liquidity measured by quick ratio was 2.7 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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 136.18 | 140.26 | 119.81 | 167.00 | 108.04 |
Gross profit | 41.95 | 51.80 | 46.21 | 56.21 | 39.25 |
EBIT | 5.94 | 9.72 | 7.72 | 15.30 | -0.79 |
Net earnings | 4.58 | 7.00 | 5.93 | 11.66 | -1.15 |
Shareholders equity total | 13.27 | 17.65 | 20.87 | 28.71 | 21.23 |
Balance sheet total (assets) | 32.60 | 37.58 | 39.33 | 48.63 | 35.49 |
Net debt | -16.19 | -26.64 | -22.23 | -29.98 | -24.92 |
Profitability | |||||
EBIT-% | 4.4 % | 6.9 % | 6.4 % | 9.2 % | -0.7 % |
ROA | 16.2 % | 27.8 % | 20.8 % | 35.8 % | -1.1 % |
ROE | 38.7 % | 49.3 % | 34.3 % | 53.8 % | -5.3 % |
ROI | 41.8 % | 56.4 % | 36.7 % | 58.7 % | -1.7 % |
Economic value added (EVA) | 4.66 | 7.72 | 6.31 | 12.01 | -0.88 |
Solvency | |||||
Equity ratio | 42.3 % | 48.8 % | 60.7 % | 61.9 % | 61.9 % |
Gearing | 2.0 % | 0.8 % | 0.7 % | 0.5 % | |
Relative net indebtedness % | 1.7 % | -5.8 % | -5.2 % | -6.9 % | -10.9 % |
Liquidity | |||||
Quick ratio | 1.6 | 2.0 | 3.2 | 2.8 | 2.7 |
Current ratio | 1.5 | 1.8 | 2.2 | 2.4 | 2.5 |
Cash and cash equivalents | 16.45 | 26.78 | 22.38 | 30.11 | 24.92 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 23.9 | 10.9 | 24.4 | 21.8 | 17.2 |
Net working capital % | 6.5 % | 10.6 % | 16.3 % | 16.0 % | 18.0 % |
Credit risk | |||||
Credit rating | A | A | A | A | A |
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