SPB Denmark ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About SPB Denmark ApS
SPB Denmark ApS (CVR number: 39620774) is a company from BALLERUP. The company reported a net sales of 42 mDKK in 2023, demonstrating a growth of 23.4 % compared to the previous year. The operating profit percentage was at 3.8 % (EBIT: 1.6 mDKK), while net earnings were 1107 kDKK. The profitability of the company measured by Return on Assets (ROA) was 8.8 %, which can be considered good but Return on Equity (ROE) was 26.7 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 23.2 %, 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. SPB Denmark ApS's liquidity measured by quick ratio was 1.2 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 25.34 | 30.82 | 31.48 | 34.06 | 42.04 |
Gross profit | 5.22 | 5.27 | 5.72 | 4.82 | 5.05 |
EBIT | 1.73 | 1.26 | 1.19 | 0.90 | 1.60 |
Net earnings | 1.14 | 0.71 | 0.74 | 0.53 | 1.11 |
Shareholders equity total | 1.61 | 2.32 | 3.06 | 3.59 | 4.69 |
Balance sheet total (assets) | 14.83 | 22.01 | 13.99 | 16.37 | 20.25 |
Net debt | 8.05 | 3.70 | 1.48 | 3.34 | 7.20 |
Profitability | |||||
EBIT-% | 6.8 % | 4.1 % | 3.8 % | 2.6 % | 3.8 % |
ROA | 12.5 % | 6.8 % | 6.6 % | 5.9 % | 8.8 % |
ROE | 110.2 % | 36.3 % | 27.6 % | 15.8 % | 26.7 % |
ROI | 16.9 % | 10.4 % | 10.5 % | 9.8 % | 13.8 % |
Economic value added (EVA) | 1.31 | 0.86 | 1.27 | 0.73 | 1.22 |
Solvency | |||||
Equity ratio | 10.8 % | 10.5 % | 21.9 % | 21.9 % | 23.2 % |
Gearing | 521.0 % | 510.2 % | 172.6 % | 180.7 % | 179.4 % |
Relative net indebtedness % | 50.9 % | 37.5 % | 22.6 % | 28.3 % | 34.1 % |
Liquidity | |||||
Quick ratio | 1.0 | 1.0 | 1.1 | 1.2 | 1.2 |
Current ratio | 1.0 | 1.0 | 1.2 | 1.2 | 1.2 |
Cash and cash equivalents | 0.32 | 8.13 | 3.81 | 3.14 | 1.23 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 180.9 | 142.0 | 95.8 | 119.4 | 117.9 |
Net working capital % | -0.7 % | 1.9 % | 5.5 % | 7.2 % | 9.0 % |
Credit risk | |||||
Credit rating | BBB | A | A | A | A |
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