SMURFIT KAPPA DANMARK A/S
Credit rating
Company information
About SMURFIT KAPPA DANMARK A/S
SMURFIT KAPPA DANMARK A/S (CVR number: 81876614K) is a company from KOLDING. The company reported a net sales of 1482.8 mDKK in 2023, demonstrating a decline of -10.2 % compared to the previous year. The operating profit percentage was at 3.8 % (EBIT: 56.8 mDKK), while net earnings were 31.6 mDKK. The profitability of the company measured by Return on Assets (ROA) was 6.8 %, which can be considered decent but Return on Equity (ROE) was 11.9 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 34.4 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. SMURFIT KAPPA DANMARK A/S's liquidity measured by quick ratio was 0.7 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 1 193.00 | 1 197.00 | 1 359.01 | 1 651.67 | 1 482.77 |
Gross profit | 263.00 | 289.00 | 266.25 | 315.50 | 360.23 |
EBIT | 29.00 | 43.00 | 6.72 | 12.36 | 56.84 |
Net earnings | 22.00 | 28.00 | -0.32 | 1.82 | 31.62 |
Shareholders equity total | 220.00 | 248.00 | 247.07 | 249.18 | 280.88 |
Balance sheet total (assets) | 625.00 | 676.00 | 780.50 | 850.52 | 815.74 |
Net debt | 278.84 | 361.24 | 275.92 | ||
Profitability | |||||
EBIT-% | 2.4 % | 3.6 % | 0.5 % | 0.7 % | 3.8 % |
ROA | 4.7 % | 6.6 % | 0.9 % | 1.5 % | 6.8 % |
ROE | 10.5 % | 12.0 % | -0.1 % | 0.7 % | 11.9 % |
ROI | 4.7 % | 6.6 % | 1.1 % | 2.1 % | 9.2 % |
Economic value added (EVA) | 19.00 | 31.95 | -7.69 | -3.62 | 32.97 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 31.7 % | 29.3 % | 34.4 % |
Gearing | 113.0 % | 145.2 % | 98.3 % | ||
Relative net indebtedness % | 37.6 % | 35.1 % | 34.4 % | ||
Liquidity | |||||
Quick ratio | 0.7 | 0.7 | 0.7 | ||
Current ratio | 1.0 | 1.0 | 0.9 | ||
Cash and cash equivalents | 0.41 | 0.56 | 0.32 | ||
Capital use efficiency | |||||
Trade debtors turnover (days) | 63.4 | 59.5 | 54.6 | ||
Net working capital % | 0.2 % | -1.1 % | -3.2 % | ||
Credit risk | |||||
Credit rating | BBB | BBB | A | A | AAA |
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