DANSK TRÆEMBALLAGE A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About DANSK TRÆEMBALLAGE A/S
DANSK TRÆEMBALLAGE A/S (CVR number: 11826687K) is a company from FAABORG-MIDTFYN. The company reported a net sales of 1261 mDKK in 2023, demonstrating a decline of -24.6 % compared to the previous year. The operating profit percentage was at 11.7 % (EBIT: 148.1 mDKK), while net earnings were 105.7 mDKK. The profitability of the company measured by Return on Assets (ROA) was 19.1 %, which can be considered excellent and Return on Equity (ROE) was 17.3 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 73.4 %, 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. DANSK TRÆEMBALLAGE A/S's liquidity measured by quick ratio was 1.6 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 | 992.61 | 966.30 | 1 371.59 | 1 671.42 | 1 261.00 |
Gross profit | 190.32 | 205.81 | 397.58 | 501.64 | 277.43 |
EBIT | 113.20 | 101.64 | 279.26 | 369.50 | 148.12 |
Net earnings | 84.88 | 74.19 | 218.22 | 290.95 | 105.70 |
Shareholders equity total | 284.32 | 222.84 | 442.34 | 619.05 | 609.98 |
Balance sheet total (assets) | 668.93 | 656.87 | 789.80 | 853.59 | 830.85 |
Net debt | 208.76 | 211.25 | 113.12 | -13.14 | 7.84 |
Profitability | |||||
EBIT-% | 11.4 % | 10.5 % | 20.4 % | 22.1 % | 11.7 % |
ROA | 17.4 % | 15.9 % | 39.6 % | 46.1 % | 19.1 % |
ROE | 30.2 % | 29.6 % | 66.4 % | 55.3 % | 17.3 % |
ROI | 20.6 % | 19.5 % | 49.5 % | 56.2 % | 23.1 % |
Economic value added (EVA) | 87.14 | 58.93 | 196.24 | 260.85 | 75.26 |
Solvency | |||||
Equity ratio | 42.5 % | 33.9 % | 56.0 % | 72.5 % | 73.4 % |
Gearing | 77.5 % | 108.7 % | 34.3 % | 7.5 % | 5.5 % |
Relative net indebtedness % | 35.9 % | 39.7 % | 21.0 % | 9.2 % | 12.9 % |
Liquidity | |||||
Quick ratio | 0.8 | 1.4 | 1.9 | 2.0 | 1.6 |
Current ratio | 1.4 | 2.4 | 3.1 | 3.3 | 2.7 |
Cash and cash equivalents | 11.73 | 30.96 | 38.77 | 59.30 | 25.56 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 62.7 | 61.8 | 69.0 | 52.3 | 59.7 |
Net working capital % | 9.7 % | 21.0 % | 24.9 % | 22.2 % | 21.7 % |
Credit risk | |||||
Credit rating | AAA | AAA | AA | A | AAA |
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