SUN-AIR Aviation Group Holding A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About SUN-AIR Aviation Group Holding A/S
SUN-AIR Aviation Group Holding A/S (CVR number: 36069651K) is a company from BILLUND. The company recorded a gross profit of 14.1 mDKK in 2023. The operating profit was -21.3 mDKK, while net earnings were -22.6 mDKK. The profitability of the company measured by Return on Assets (ROA) was -5.8 %, which can be considered poor and Return on Equity (ROE) was -19.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 30.9 %, 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. SUN-AIR Aviation Group Holding A/S's liquidity measured by quick ratio was 2.8 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 59 966.00 | 8 564.00 | 25 965.00 | 41 619.00 | 14 059.00 |
EBIT | 29 512.00 | -44 789.00 | 7 050.00 | 24 583.00 | -21 328.00 |
Net earnings | 1 803.00 | -47 397.00 | -4 942.00 | -1 601.00 | -22 623.00 |
Shareholders equity total | 183 082.00 | 132 685.00 | 127 743.00 | 126 142.00 | 103 519.00 |
Balance sheet total (assets) | 462 751.00 | 401 448.00 | 375 284.00 | 351 650.00 | 340 464.00 |
Net debt | 63 807.00 | 51 097.00 | |||
Profitability | |||||
EBIT-% | |||||
ROA | 6.1 % | -10.4 % | 1.8 % | 3.8 % | -5.8 % |
ROE | 1.0 % | -30.0 % | -3.8 % | -1.3 % | -19.7 % |
ROI | 6.5 % | -10.4 % | 1.8 % | 4.0 % | -8.1 % |
Economic value added (EVA) | 15 028.19 | -53 988.87 | 382.58 | 18 717.18 | -22 940.08 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 36.4 % | 30.9 % |
Gearing | 115.1 % | 150.9 % | |||
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 3.6 | 2.8 | |||
Current ratio | 4.0 | 3.1 | |||
Cash and cash equivalents | 81 366.00 | 105 126.00 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | BB | BBB | A | BBB |
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