Salling Group A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Salling Group A/S
Salling Group A/S (CVR number: 35954716K) is a company from AARHUS. The company reported a net sales of -71616 mDKK in 2024, demonstrating a decline of 2.6 % compared to the previous year. The operating profit percentage was poor at 0 % (EBIT: 2693 mDKK), while net earnings were 1709 mDKK. The profitability of the company measured by Return on Assets (ROA) was 7.3 %, which can be considered decent but Return on Equity (ROE) was 13.1 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 34.2 %, 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. Salling Group A/S's liquidity measured by quick ratio was 0.3 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.
Financial information
See financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 366 000.00 | -65 759 000.00 | -66 026 000.00 | -69 794 000.00 | -71 616 000.00 |
Gross profit | 17 061 000.00 | 18 917 000.00 | 18 942 000.00 | 19 736 000.00 | 20 760 000.00 |
EBIT | 2 818 000.00 | 2 952 000.00 | 1 940 000.00 | 2 421 000.00 | 2 693 000.00 |
Net earnings | 1 852 000.00 | 1 942 000.00 | 972 000.00 | 1 587 000.00 | 1 709 000.00 |
Shareholders equity total | 7 610 000.00 | 9 401 000.00 | 10 400 000.00 | 12 255 000.00 | 13 836 000.00 |
Balance sheet total (assets) | 37 533 000.00 | 40 719 000.00 | 38 030 000.00 | 38 961 000.00 | 40 426 000.00 |
Net debt | 2 764 000.00 | 3 591 000.00 | 6 616 000.00 | 6 121 000.00 | 5 001 000.00 |
Profitability | |||||
EBIT-% | 769.9 % | ||||
ROA | 7.8 % | 7.8 % | 5.1 % | 6.9 % | 7.3 % |
ROE | 26.8 % | 22.8 % | 9.8 % | 14.0 % | 13.1 % |
ROI | 13.0 % | 12.9 % | 8.1 % | 10.3 % | 10.7 % |
Economic value added (EVA) | 1 761 380.31 | 1 834 330.60 | 776 293.41 | 1 057 246.44 | 1 170 829.53 |
Solvency | |||||
Equity ratio | 20.3 % | 23.1 % | 27.3 % | 31.5 % | 34.2 % |
Gearing | 114.9 % | 90.4 % | 82.2 % | 65.9 % | 56.1 % |
Relative net indebtedness % | 6542.1 % | -40.2 % | -38.9 % | -35.5 % | -33.3 % |
Liquidity | |||||
Quick ratio | 0.4 | 0.3 | 0.2 | 0.2 | 0.3 |
Current ratio | 0.8 | 0.7 | 0.6 | 0.7 | 0.7 |
Cash and cash equivalents | 5 979 000.00 | 4 903 000.00 | 1 928 000.00 | 1 961 000.00 | 2 765 000.00 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 71.8 | -0.5 | -0.4 | -0.6 | -0.5 |
Net working capital % | -2258.7 % | 13.2 % | 9.8 % | 7.9 % | 6.7 % |
Credit risk | |||||
Credit rating | A | A | A | A | A |
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