EET A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About EET A/S
EET A/S (CVR number: 36535326K) is a company from RUDERSDAL. The company reported a net sales of 624 mDKK in 2023, demonstrating a growth of 0.6 % compared to the previous year. The operating profit percentage was at 2.1 % (EBIT: 13 mDKK), while net earnings were 5000 kDKK. The profitability of the company measured by Return on Assets (ROA) was 4.1 %, which can be considered decent but Return on Equity (ROE) was 3.3 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 39.8 %, 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. EET A/S'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 | 3 293.08 | 3 291.32 | 0.57 | 620.00 | 624.00 |
Gross profit | 622.06 | 667.61 | 0.11 | 115.00 | 109.00 |
EBIT | 61.50 | 190.65 | 0.04 | 21.00 | 13.00 |
Net earnings | -10.23 | 83.77 | 0.02 | 6.00 | 5.00 |
Shareholders equity total | 365.57 | 438.89 | 0.08 | 151.00 | 156.00 |
Balance sheet total (assets) | 1 989.67 | 2 081.28 | 0.33 | 340.00 | 392.00 |
Net debt | -27.99 | -90.12 | -0.00 | -22.00 | -51.00 |
Profitability | |||||
EBIT-% | 1.9 % | 5.8 % | 6.3 % | 3.4 % | 2.1 % |
ROA | 3.1 % | 9.9 % | 0.0 % | 12.3 % | 4.1 % |
ROE | -2.8 % | 21.8 % | 0.0 % | 7.9 % | 3.3 % |
ROI | 5.1 % | 15.9 % | 0.0 % | 19.2 % | 6.1 % |
Economic value added (EVA) | 44.69 | 128.41 | 3.20 | 14.91 | 10.49 |
Solvency | |||||
Equity ratio | 18.4 % | 21.1 % | 23.9 % | 44.4 % | 39.8 % |
Gearing | 1.3 % | ||||
Relative net indebtedness % | 48.5 % | 47.2 % | 43.2 % | 26.6 % | 29.6 % |
Liquidity | |||||
Quick ratio | 0.9 | 0.9 | 0.9 | 1.0 | 1.2 |
Current ratio | 1.2 | 1.3 | 1.4 | 1.6 | 1.7 |
Cash and cash equivalents | 27.99 | 90.12 | 0.00 | 24.00 | 51.00 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 56.3 | 59.3 | 61.0 | 55.3 | 49.7 |
Net working capital % | 5.0 % | 7.0 % | 9.4 % | 11.8 % | 13.3 % |
Credit risk | |||||
Credit rating | A | AA | BB | AAA | AAA |
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