R&D Test Systems A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About R&D Test Systems A/S
R&D Test Systems A/S (CVR number: 37844179) is a company from FAVRSKOV. The company recorded a gross profit of 113.9 mDKK in 2023. The operating profit was 36.1 mDKK, while net earnings were 32.5 mDKK. The profitability of the company measured by Return on Assets (ROA) was 13.4 %, which can be considered good but Return on Equity (ROE) was 30.9 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 36.6 %, 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. R&D Test Systems A/S's liquidity measured by quick ratio was 1.7 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 | 403 142.22 | 431 012.59 | |||
Gross profit | 147 422.14 | 115 350.51 | 101 329.95 | 113 852.01 | |
EBIT | 78 688.67 | 26 432.27 | 35 348.90 | 36 091.11 | |
Net earnings | 60 964.29 | 20 262.61 | 27 473.85 | 32 539.64 | |
Shareholders equity total | 81 373.85 | 61 636.46 | 89 110.30 | 121 649.94 | |
Balance sheet total (assets) | 228 873.34 | 194 858.35 | 295 475.76 | 332 575.70 | |
Net debt | - 123 593.08 | -7 285.04 | 8 376.31 | 25 345.51 | |
Profitability | |||||
EBIT-% | 19.5 % | 6.1 % | |||
ROA | 34.7 % | 12.8 % | 15.3 % | 13.4 % | |
ROE | 74.9 % | 28.3 % | 36.5 % | 30.9 % | |
ROI | 75.5 % | 26.1 % | 33.8 % | 27.9 % | |
Economic value added (EVA) | -1 249.41 | 61 365.57 | 22 832.65 | 25 473.56 | 23 661.41 |
Solvency | |||||
Equity ratio | 35.6 % | 31.6 % | 30.2 % | 36.6 % | |
Gearing | 0.1 % | 26.4 % | 9.4 % | 20.8 % | |
Relative net indebtedness % | 0.0 % | 19.6 % | |||
Liquidity | |||||
Quick ratio | 1.9 | 1.5 | 1.4 | 1.7 | |
Current ratio | 1.9 | 1.5 | 1.4 | 1.7 | |
Cash and cash equivalents | 123 714.35 | 23 577.33 | 3.64 | ||
Capital use efficiency | |||||
Trade debtors turnover (days) | 58.0 | 62.3 | |||
Net working capital % | 25.8 % | 11.8 % | |||
Credit risk | |||||
Credit rating | A | AA | A | AA |
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