Swiss Steel Denmark A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Swiss Steel Denmark A/S
Swiss Steel Denmark A/S (CVR number: 34723613) is a company from AALBORG. The company recorded a gross profit of 3644 kDKK in 2023. The operating profit was 864 kDKK, while net earnings were -1540 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3.9 %, which can be considered weak but Return on Equity (ROE) was -5.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 95.1 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. Swiss Steel Denmark A/S's liquidity measured by quick ratio was 16.7 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 6 256.00 | 5 917.00 | 5 189.00 | 4 670.00 | 3 644.00 |
EBIT | 1 445.00 | 1 002.00 | 2 341.00 | 1 648.00 | 864.00 |
Net earnings | 585.00 | 1 416.00 | 3 554.00 | 1 738.00 | -1 540.00 |
Shareholders equity total | 62 300.00 | 63 716.00 | 27 270.00 | 29 008.00 | 27 468.00 |
Balance sheet total (assets) | 70 974.00 | 66 261.00 | 32 501.00 | 33 341.00 | 28 898.00 |
Net debt | 4 629.00 | -1 377.00 | 1 879.00 | 1 683.00 | -2 549.00 |
Profitability | |||||
EBIT-% | |||||
ROA | 2.7 % | 2.2 % | 5.4 % | 5.6 % | 3.9 % |
ROE | 0.9 % | 2.2 % | 7.8 % | 6.2 % | -5.5 % |
ROI | 2.8 % | 2.3 % | 5.6 % | 6.0 % | 4.1 % |
Economic value added (EVA) | -1 934.58 | -2 014.66 | 130.69 | 319.99 | - 810.44 |
Solvency | |||||
Equity ratio | 87.8 % | 96.2 % | 83.9 % | 87.0 % | 95.1 % |
Gearing | 11.1 % | 0.2 % | 10.0 % | 8.1 % | 1.0 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 7.5 | 30.3 | 6.0 | 7.0 | 16.7 |
Current ratio | 8.3 | 31.2 | 6.2 | 7.9 | 21.2 |
Cash and cash equivalents | 2 267.00 | 1 489.00 | 842.00 | 672.00 | 2 832.00 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | A | BBB | A | A | BBB |
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