SUN-AIR Aviation Group Holding A/S — Credit Rating and Financial Key Figures

CVR number: 36069651
Cumulusvej 10, 7190 Billund

Credit rating

Company information

Official name
SUN-AIR Aviation Group Holding A/S
Established
2014
Company form
Limited company
Industry

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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit59 966.008 564.0025 965.0041 619.0014 059.00
EBIT29 512.00-44 789.007 050.0024 583.00-21 328.00
Net earnings1 803.00-47 397.00-4 942.00-1 601.00-22 623.00
Shareholders equity total183 082.00132 685.00127 743.00126 142.00103 519.00
Balance sheet total (assets)462 751.00401 448.00375 284.00351 650.00340 464.00
Net debt63 807.0051 097.00
Profitability
EBIT-%
ROA6.1 %-10.4 %1.8 %3.8 %-5.8 %
ROE1.0 %-30.0 %-3.8 %-1.3 %-19.7 %
ROI6.5 %-10.4 %1.8 %4.0 %-8.1 %
Economic value added (EVA)15 028.19-53 988.87382.5818 717.18-22 940.08
Solvency
Equity ratio100.0 %100.0 %100.0 %36.4 %30.9 %
Gearing115.1 %150.9 %
Relative net indebtedness %
Liquidity
Quick ratio3.62.8
Current ratio4.03.1
Cash and cash equivalents81 366.00105 126.00
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBABBB

Variable visualization

ROA:-5.83%
Rating: 14/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:30.9%
Rating: 27/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Board member

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