JORGENSEN ENGINEERING A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About JORGENSEN ENGINEERING A/S
JORGENSEN ENGINEERING A/S (CVR number: 51452216) is a company from ODENSE. The company reported a net sales of 343.2 mDKK in 2023, demonstrating a growth of 6.2 % compared to the previous year. The operating profit percentage was at 12.1 % (EBIT: 41.6 mDKK), while net earnings were 36 mDKK. The profitability of the company measured by Return on Assets (ROA) was 16 %, which can be considered excellent and Return on Equity (ROE) was 27.8 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 60.2 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. JORGENSEN ENGINEERING A/S's liquidity measured by quick ratio was 4.8 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 | 323 211.00 | 343 178.00 | |||
Gross profit | 138 689.00 | 135 295.00 | 172 021.00 | ||
EBIT | 32 271.00 | 21 814.00 | 41 551.00 | ||
Net earnings | 26 270.00 | 25 825.00 | 24 989.00 | 16 827.00 | 35 961.00 |
Shareholders equity total | 99 619.00 | 125 443.00 | 126 431.00 | 119 278.00 | 139 208.00 |
Balance sheet total (assets) | 233 006.00 | 228 090.00 | 270 382.00 | 259 070.00 | 312 906.00 |
Net debt | 20 354.00 | 19 196.00 | 17 991.00 | ||
Profitability | |||||
EBIT-% | 6.7 % | 12.1 % | |||
ROA | 12.9 % | 8.2 % | 16.0 % | ||
ROE | 26.7 % | 22.9 % | 19.8 % | 13.7 % | 27.8 % |
ROI | 16.3 % | 13.2 % | 26.4 % | ||
Economic value added (EVA) | -4 891.79 | -5 005.85 | 18 854.87 | 9 851.27 | 25 624.87 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 59.0 % | 56.4 % | 60.2 % |
Gearing | 16.4 % | 16.1 % | 12.9 % | ||
Relative net indebtedness % | 35.9 % | 42.9 % | |||
Liquidity | |||||
Quick ratio | 3.8 | 3.6 | 4.8 | ||
Current ratio | 1.9 | 1.9 | 1.9 | ||
Cash and cash equivalents | 341.00 | 12.00 | 13.00 | ||
Capital use efficiency | |||||
Trade debtors turnover (days) | 31.3 | 78.0 | |||
Net working capital % | 28.5 % | 33.7 % | |||
Credit risk | |||||
Credit rating | BBB | BBB | AAA | AAA | AAA |
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