IDC NORDIC A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About IDC NORDIC A/S
IDC NORDIC A/S (CVR number: 67205812) is a company from KØBENHAVN. The company reported a net sales of 37.4 mDKK in 2023, demonstrating a growth of 8.9 % compared to the previous year. The operating profit percentage was at 2.7 % (EBIT: 1 mDKK), while net earnings were 482.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 4.2 %, which can be considered decent but Return on Equity (ROE) was 2.8 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at -42.8 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. IDC NORDIC 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 | 28.77 | 26.60 | 40.05 | 34.37 | 37.43 |
Gross profit | 13.17 | 14.04 | 23.00 | 22.47 | 27.06 |
EBIT | -3.43 | -3.80 | 1.23 | -5.80 | 1.01 |
Net earnings | -5.67 | -3.79 | 0.15 | -5.47 | 0.48 |
Shareholders equity total | -3.05 | -6.84 | -6.70 | -12.17 | -11.69 |
Balance sheet total (assets) | 12.33 | 14.35 | 21.22 | 15.93 | 18.79 |
Net debt | 0.49 | 7.18 | 8.38 | 12.33 | 17.16 |
Profitability | |||||
EBIT-% | -11.9 % | -14.3 % | 3.1 % | -16.9 % | 2.7 % |
ROA | -23.9 % | -19.3 % | 5.0 % | -17.8 % | 4.2 % |
ROE | -75.8 % | -28.4 % | 0.8 % | -29.4 % | 2.8 % |
ROI | -51.2 % | -34.5 % | 8.6 % | -32.0 % | 7.1 % |
Economic value added (EVA) | -2.43 | -3.37 | 1.36 | -5.06 | 1.34 |
Solvency | |||||
Equity ratio | -21.3 % | -38.0 % | -28.7 % | -57.5 % | -42.8 % |
Gearing | -275.8 % | -175.2 % | -246.1 % | -120.0 % | -170.5 % |
Relative net indebtedness % | 25.9 % | 61.6 % | 49.5 % | 75.1 % | 74.0 % |
Liquidity | |||||
Quick ratio | 0.8 | 0.8 | 0.9 | 0.7 | 0.7 |
Current ratio | 0.8 | 0.7 | 0.7 | 0.5 | 0.6 |
Cash and cash equivalents | 7.93 | 4.81 | 8.10 | 2.27 | 2.76 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 17.1 | 56.0 | 59.7 | 43.6 | 78.9 |
Net working capital % | -12.2 % | -27.3 % | -17.9 % | -37.0 % | -32.1 % |
Credit risk | |||||
Credit rating | BB | BB | BBB | BB | BBB |
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