RAVDEX A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About RAVDEX A/S
RAVDEX A/S (CVR number: 25624475) is a company from KERTEMINDE. The company reported a net sales of 41.9 mDKK in 2024, demonstrating a growth of 2 % compared to the previous year. The operating profit percentage was at 21.5 % (EBIT: 9 mDKK), while net earnings were 6470 kDKK. The profitability of the company measured by Return on Assets (ROA) was 4.1 %, which can be considered decent but Return on Equity (ROE) was 8.5 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 60.8 %, 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. RAVDEX A/S's liquidity measured by quick ratio was 1.7 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 | 34.99 | 37.63 | 49.41 | 41.05 | 41.88 |
Gross profit | 29.92 | 30.48 | 36.25 | 35.16 | 36.84 |
EBIT | 5.76 | 6.96 | 10.63 | 10.35 | 8.99 |
Net earnings | 3.00 | 4.46 | 7.44 | 7.28 | 6.47 |
Shareholders equity total | 61.30 | 65.76 | 73.20 | 80.48 | 71.95 |
Balance sheet total (assets) | 203.66 | 201.65 | 223.05 | 229.14 | 232.01 |
Net debt | 67.63 | 59.79 | 108.35 | 90.73 | 105.31 |
Profitability | |||||
EBIT-% | 16.5 % | 18.5 % | 21.5 % | 25.2 % | 21.5 % |
ROA | 2.9 % | 3.5 % | 5.1 % | 4.6 % | 4.1 % |
ROE | 5.0 % | 7.0 % | 10.7 % | 9.5 % | 8.5 % |
ROI | 3.2 % | 3.8 % | 5.4 % | 5.0 % | 4.4 % |
Economic value added (EVA) | -1.09 | -0.60 | 2.18 | 2.44 | 1.85 |
Solvency | |||||
Equity ratio | 30.1 % | 32.6 % | 56.1 % | 60.9 % | 60.8 % |
Gearing | 136.1 % | 113.6 % | 186.3 % | 164.8 % | 200.3 % |
Relative net indebtedness % | 360.3 % | 321.4 % | 246.6 % | 260.1 % | 289.5 % |
Liquidity | |||||
Quick ratio | 1.4 | 1.6 | 1.7 | 2.2 | 1.7 |
Current ratio | 1.4 | 1.6 | 1.7 | 2.2 | 1.7 |
Cash and cash equivalents | 15.81 | 14.93 | 28.01 | 41.90 | 38.80 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 23.0 | 7.7 | 12.5 | 23.4 | 5.2 |
Net working capital % | 28.0 % | 33.5 % | 44.0 % | 80.8 % | 49.5 % |
Credit risk | |||||
Credit rating | AAA | AAA | AAA | AAA | AAA |
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