SCANDINAVIAN SEAFOOD LTD. ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About SCANDINAVIAN SEAFOOD LTD. ApS
SCANDINAVIAN SEAFOOD LTD. ApS (CVR number: 13636672) is a company from HEDENSTED. The company reported a net sales of 28.2 mDKK in 2024, demonstrating a growth of 19.4 % compared to the previous year. The operating profit percentage was at 1.8 % (EBIT: 0.5 mDKK), while net earnings were 406.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3.7 %, which can be considered weak and Return on Equity (ROE) was 3.4 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 73.7 %, 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. SCANDINAVIAN SEAFOOD LTD. ApS's liquidity measured by quick ratio was 1.9 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 (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | 13 176.10 | 23 514.47 | 27 933.65 | 23 632.69 | 28 219.04 |
| Gross profit | 2 020.44 | 2 026.24 | 4 198.80 | 2 321.91 | 2 516.83 |
| EBIT | 360.40 | 419.51 | 2 422.95 | 630.38 | 510.84 |
| Net earnings | 146.54 | 270.59 | 1 849.69 | 579.83 | 406.11 |
| Shareholders equity total | 9 397.01 | 9 667.59 | 11 517.29 | 11 797.12 | 12 203.23 |
| Balance sheet total (assets) | 12 187.36 | 11 955.44 | 15 932.49 | 14 550.67 | 16 567.96 |
| Net debt | 2 362.41 | -1 804.21 | -4 488.45 | -3 752.62 | -4 133.35 |
| Profitability | |||||
| EBIT-% | 2.7 % | 1.8 % | 8.7 % | 2.7 % | 1.8 % |
| ROA | 3.0 % | 3.5 % | 17.4 % | 5.2 % | 3.7 % |
| ROE | 1.5 % | 2.8 % | 17.5 % | 5.0 % | 3.4 % |
| ROI | 3.1 % | 3.6 % | 19.2 % | 5.6 % | 3.9 % |
| Economic value added (EVA) | - 336.60 | - 286.46 | 1 326.44 | - 207.23 | - 320.34 |
| Solvency | |||||
| Equity ratio | 77.1 % | 80.9 % | 72.3 % | 81.1 % | 73.7 % |
| Gearing | 26.2 % | 16.4 % | 21.8 % | 20.7 % | 23.7 % |
| Relative net indebtedness % | 20.4 % | -4.7 % | -9.3 % | -14.7 % | -9.5 % |
| Liquidity | |||||
| Quick ratio | 0.4 | 2.2 | 2.1 | 2.6 | 1.9 |
| Current ratio | 2.7 | 3.2 | 2.5 | 3.3 | 2.3 |
| Cash and cash equivalents | 104.29 | 3 389.29 | 7 000.93 | 6 192.27 | 7 028.65 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | 23.3 | 22.0 | 28.8 | 9.3 | 14.7 |
| Net working capital % | 35.1 % | 21.7 % | 23.3 % | 26.4 % | 19.9 % |
| Credit risk | |||||
| Credit rating | A | A | AA | A | A |
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