SELECTED CAR LEASING A/S — Credit Rating and Financial Key Figures

CVR number: 77180915
Stensgårdvej 17, 5500 Middelfart
tel: 64781613

Credit rating

Company information

Official name
SELECTED CAR LEASING A/S
Personnel
70 persons
Established
1985
Company form
Limited company
Industry

About SELECTED CAR LEASING A/S

SELECTED CAR LEASING A/S (CVR number: 77180915) is a company from MIDDELFART. The company reported a net sales of 2156.4 mDKK in 2023, demonstrating a growth of 16.5 % compared to the previous year. The operating profit percentage was at 4.3 % (EBIT: 93 mDKK), while net earnings were -1143 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3.8 %, which can be considered weak but Return on Equity (ROE) was -0.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 6.6 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. SELECTED CAR LEASING A/S's liquidity measured by quick ratio was 1 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.

Financial information

See financials

Net sales (mDKK)

EBIT (mDKK)

Profitability

Solidity

Key figures (mDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales415.46734.451 373.351 851.112 156.35
Gross profit17.6431.2454.4376.37144.17
EBIT11.1316.6725.8537.5192.96
Net earnings6.659.4915.687.54-1.14
Shareholders equity total65.56127.05172.64157.17156.03
Balance sheet total (assets)429.37814.471 347.892 391.332 381.34
Net debt323.64572.94981.701 923.821 898.66
Profitability
EBIT-%2.7 %2.3 %1.9 %2.0 %4.3 %
ROA3.5 %2.7 %2.4 %2.1 %3.8 %
ROE14.1 %9.9 %10.5 %4.6 %-0.7 %
ROI3.8 %3.0 %2.7 %2.3 %4.2 %
Economic value added (EVA)7.229.7113.8021.2267.51
Solvency
Equity ratio15.3 %15.7 %15.2 %6.6 %6.6 %
Gearing493.7 %451.0 %576.3 %1259.9 %1217.5 %
Relative net indebtedness %85.6 %90.7 %83.4 %115.8 %98.5 %
Liquidity
Quick ratio1.11.11.11.01.0
Current ratio1.21.21.11.11.1
Cash and cash equivalents0.000.0413.2556.341.00
Capital use efficiency
Trade debtors turnover (days)337.3338.8306.7386.8335.3
Net working capital %16.1 %15.7 %11.3 %8.4 %7.0 %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:3.81%
Rating: 39/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:6.59%
Rating: 7/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Board member
Chief executive officer

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