DANSK TRÆEMBALLAGE A/S — Credit Rating and Financial Key Figures

CVR number: 11826687
Banevej 3, Håstrup 5600 Faaborg
dte@dte.dk
tel: 62681323

Credit rating

Company information

Official name
DANSK TRÆEMBALLAGE A/S
Personnel
433 persons
Established
1987
Domicile
Håstrup
Company form
Limited company
Industry
  • Expand more icon16Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials

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 financials

Net sales (mDKK)

EBIT (mDKK)

Profitability

Solidity

Key figures (mDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales992.61966.301 371.591 671.421 261.00
Gross profit190.32205.81397.58501.64277.43
EBIT113.20101.64279.26369.50148.12
Net earnings84.8874.19218.22290.95105.70
Shareholders equity total284.32222.84442.34619.05609.98
Balance sheet total (assets)668.93656.87789.80853.59830.85
Net debt208.76211.25113.12-13.147.84
Profitability
EBIT-%11.4 %10.5 %20.4 %22.1 %11.7 %
ROA17.4 %15.9 %39.6 %46.1 %19.1 %
ROE30.2 %29.6 %66.4 %55.3 %17.3 %
ROI20.6 %19.5 %49.5 %56.2 %23.1 %
Economic value added (EVA)87.1458.93196.24260.8575.26
Solvency
Equity ratio42.5 %33.9 %56.0 %72.5 %73.4 %
Gearing77.5 %108.7 %34.3 %7.5 %5.5 %
Relative net indebtedness %35.9 %39.7 %21.0 %9.2 %12.9 %
Liquidity
Quick ratio0.81.41.92.01.6
Current ratio1.42.43.13.32.7
Cash and cash equivalents11.7330.9638.7759.3025.56
Capital use efficiency
Trade debtors turnover (days)62.761.869.052.359.7
Net working capital %9.7 %21.0 %24.9 %22.2 %21.7 %
Credit risk
Credit ratingAAAAAAAAAAAA

Variable visualization

ROA:19.1%
Rating: 72/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:73.4%
Rating: 55/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Board member
Chief executive officer
Board member
Chief executive officer
Chief executive officer

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