SEVERIN A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About SEVERIN A/S
SEVERIN A/S (CVR number: 31936330) is a company from MIDDELFART. The company reported a net sales of 59.7 mDKK in 2023, demonstrating a growth of 9.2 % compared to the previous year. The operating profit percentage was at 18.2 % (EBIT: 10.9 mDKK), while net earnings were 8588 kDKK. The profitability of the company measured by Return on Assets (ROA) was 8 %, which can be considered good but Return on Equity (ROE) was 7.7 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 76.9 %, 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. SEVERIN A/S's liquidity measured by quick ratio was 2.5 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 (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 32.79 | 20.43 | 30.57 | 54.66 | 59.69 |
Gross profit | 20.08 | 14.27 | 21.35 | 36.61 | 38.72 |
EBIT | 0.59 | -1.34 | 1.16 | 10.11 | 10.88 |
Net earnings | -0.25 | -1.55 | 0.37 | 7.23 | 8.59 |
Shareholders equity total | 107.57 | 106.51 | 107.35 | 115.03 | 108.62 |
Balance sheet total (assets) | 137.56 | 135.86 | 135.66 | 146.62 | 141.85 |
Net debt | 6.55 | 17.82 | 10.05 | 6.90 | 15.36 |
Profitability | |||||
EBIT-% | 1.8 % | -6.5 % | 3.8 % | 18.5 % | 18.2 % |
ROA | 0.5 % | -0.9 % | 0.9 % | 7.3 % | 8.0 % |
ROE | -0.3 % | -1.4 % | 0.3 % | 6.5 % | 7.7 % |
ROI | 0.6 % | -0.9 % | 0.9 % | 7.6 % | 8.5 % |
Economic value added (EVA) | -2.34 | -6.85 | -5.26 | 1.88 | 2.69 |
Solvency | |||||
Equity ratio | 78.3 % | 78.6 % | 79.4 % | 78.7 % | 76.9 % |
Gearing | 18.2 % | 18.3 % | 18.2 % | 16.9 % | 17.4 % |
Relative net indebtedness % | 39.7 % | 117.5 % | 48.3 % | 25.2 % | 40.6 % |
Liquidity | |||||
Quick ratio | 10.0 | 6.2 | 3.9 | 3.7 | 2.5 |
Current ratio | 9.7 | 5.8 | 3.7 | 3.6 | 2.5 |
Cash and cash equivalents | 13.00 | 1.67 | 9.48 | 12.55 | 3.52 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 16.3 | 2.8 | 21.0 | 14.9 | 9.3 |
Net working capital % | 165.2 % | 119.2 % | 43.0 % | 35.7 % | 24.4 % |
Credit risk | |||||
Credit rating | AA | AA | AAA | AAA | AAA |
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