AIRTEAM A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About AIRTEAM A/S
AIRTEAM A/S (CVR number: 20953233) is a company from AARHUS. The company reported a net sales of 866.1 mDKK in 2024, demonstrating a growth of 0.9 % compared to the previous year. The operating profit percentage was at 10.8 % (EBIT: 93.8 mDKK), while net earnings were 76.1 mDKK. The profitability of the company measured by Return on Assets (ROA) was 20.8 %, which can be considered excellent and Return on Equity (ROE) was 34.3 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 49.3 %, 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. AIRTEAM A/S's liquidity measured by quick ratio was 2.1 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 financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 719.12 | 764.90 | 818.75 | 858.00 | 866.14 |
Gross profit | 230.26 | 253.90 | 263.94 | 248.13 | 277.39 |
EBIT | 75.05 | 88.05 | 90.05 | 81.61 | 93.80 |
Net earnings | 57.40 | 68.55 | 70.17 | 66.11 | 76.10 |
Shareholders equity total | 119.09 | 140.14 | 165.32 | 201.42 | 242.53 |
Balance sheet total (assets) | 391.98 | 393.54 | 422.81 | 460.38 | 491.83 |
Net debt | - 163.37 | - 138.34 | - 110.64 | -42.25 | -20.07 |
Profitability | |||||
EBIT-% | 10.4 % | 11.5 % | 11.0 % | 9.5 % | 10.8 % |
ROA | 20.7 % | 22.7 % | 22.2 % | 19.3 % | 20.8 % |
ROE | 50.3 % | 52.9 % | 45.9 % | 36.1 % | 34.3 % |
ROI | 46.6 % | 48.4 % | 42.8 % | 35.2 % | 35.8 % |
Economic value added (EVA) | 60.12 | 73.66 | 72.83 | 63.55 | 67.79 |
Solvency | |||||
Equity ratio | 30.4 % | 35.6 % | 39.1 % | 43.8 % | 49.3 % |
Gearing | 3.5 % | 1.7 % | 2.4 % | 2.5 % | 2.2 % |
Relative net indebtedness % | 8.1 % | 8.4 % | 10.8 % | 19.8 % | 20.9 % |
Liquidity | |||||
Quick ratio | 1.5 | 1.6 | 1.8 | 1.8 | 2.1 |
Current ratio | 1.5 | 1.6 | 1.8 | 1.8 | 2.1 |
Cash and cash equivalents | 167.57 | 140.72 | 114.60 | 47.21 | 25.35 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 62.6 | 67.9 | 60.1 | 68.0 | 60.7 |
Net working capital % | 15.1 % | 16.0 % | 18.7 % | 20.7 % | 25.3 % |
Credit risk | |||||
Credit rating | AA | AA | AA | AA | AAA |
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