IVECO DANMARK A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About IVECO DANMARK A/S
IVECO DANMARK A/S (CVR number: 56577815) is a company from ALBERTSLUND. The company reported a net sales of 559.1 mDKK in 2023, demonstrating a growth of 5.9 % compared to the previous year. The operating profit percentage was at 4.1 % (EBIT: 22.9 mDKK), while net earnings were 14.8 mDKK. The profitability of the company measured by Return on Assets (ROA) was 8.7 %, which can be considered good and Return on Equity (ROE) was 11.2 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 43.1 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. IVECO DANMARK A/S's liquidity measured by quick ratio was 2.2 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 | 484.61 | 466.37 | 531.98 | 528.14 | 559.15 |
Gross profit | 112.70 | 125.25 | 104.80 | 108.41 | 121.16 |
EBIT | 13.08 | 14.94 | 15.78 | 17.78 | 22.93 |
Net earnings | 14.06 | 9.64 | -0.53 | 9.16 | 14.79 |
Shareholders equity total | 106.90 | 116.54 | 116.01 | 125.17 | 139.96 |
Balance sheet total (assets) | 411.23 | 322.55 | 407.20 | 345.50 | 324.43 |
Net debt | 159.25 | 41.18 | 115.14 | 49.45 | 33.39 |
Profitability | |||||
EBIT-% | 2.7 % | 3.2 % | 3.0 % | 3.4 % | 4.1 % |
ROA | 2.8 % | 4.2 % | 4.4 % | 5.1 % | 8.7 % |
ROE | 14.1 % | 8.6 % | -0.5 % | 7.6 % | 11.2 % |
ROI | 3.3 % | 5.2 % | 5.9 % | 7.1 % | 12.7 % |
Economic value added (EVA) | 14.06 | 7.24 | 5.37 | 7.76 | 10.59 |
Solvency | |||||
Equity ratio | 26.0 % | 36.1 % | 28.5 % | 36.2 % | 43.1 % |
Gearing | 152.8 % | 35.6 % | 99.6 % | 40.2 % | 25.2 % |
Relative net indebtedness % | 50.3 % | 32.4 % | 44.9 % | 31.7 % | 22.4 % |
Liquidity | |||||
Quick ratio | 0.6 | 1.6 | 1.7 | 2.1 | 2.2 |
Current ratio | 1.2 | 2.2 | 1.8 | 2.3 | 2.6 |
Cash and cash equivalents | 4.13 | 0.32 | 0.45 | 0.83 | 1.86 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 3.6 | 6.1 | 2.7 | 0.6 | 5.5 |
Net working capital % | 9.4 % | 28.6 % | 26.3 % | 28.4 % | 28.6 % |
Credit risk | |||||
Credit rating | AAA | AAA | AA | AAA | AAA |
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