FAXE SPILDEVAND A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About FAXE SPILDEVAND A/S
FAXE SPILDEVAND A/S (CVR number: 31498341) is a company from FAXE. The company reported a net sales of 75.9 mDKK in 2023, demonstrating a decline of -17.7 % compared to the previous year. The operating profit percentage was at 43.8 % (EBIT: 33.3 mDKK), while net earnings were 25.5 mDKK. The profitability of the company measured by Return on Assets (ROA) was 3.8 %, which can be considered weak but Return on Equity (ROE) was 4.3 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 84.2 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. FAXE SPILDEVAND A/S's liquidity measured by quick ratio was 3.8 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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 61.28 | 69.08 | 80.23 | 92.25 | 75.94 |
Gross profit | 34.16 | 40.29 | 53.29 | 67.38 | 50.17 |
EBIT | 19.09 | 24.75 | 37.92 | 52.17 | 33.25 |
Net earnings | 21.32 | 24.21 | 37.13 | 44.89 | 25.49 |
Shareholders equity total | 474.14 | 498.35 | 535.48 | 580.37 | 605.86 |
Balance sheet total (assets) | 611.33 | 648.72 | 656.58 | 716.03 | 719.81 |
Net debt | 122.96 | 139.38 | 99.41 | 103.73 | 103.96 |
Profitability | |||||
EBIT-% | 31.1 % | 35.8 % | 47.3 % | 56.6 % | 43.8 % |
ROA | 4.0 % | 4.2 % | 6.0 % | 6.8 % | 3.8 % |
ROE | 4.6 % | 5.0 % | 7.2 % | 8.0 % | 4.3 % |
ROI | 4.0 % | 4.3 % | 6.1 % | 6.9 % | 3.9 % |
Economic value added (EVA) | -8.62 | -5.32 | 5.82 | 19.99 | -0.50 |
Solvency | |||||
Equity ratio | 77.6 % | 76.8 % | 81.6 % | 81.1 % | 84.2 % |
Gearing | 26.2 % | 28.2 % | 21.7 % | 19.2 % | 17.6 % |
Relative net indebtedness % | 221.7 % | 216.2 % | 130.1 % | 138.6 % | 146.9 % |
Liquidity | |||||
Quick ratio | 1.3 | 1.5 | 5.1 | 2.2 | 3.8 |
Current ratio | 1.3 | 1.5 | 5.1 | 2.2 | 3.8 |
Cash and cash equivalents | 1.31 | 0.99 | 16.74 | 7.84 | 2.39 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 29.5 | 25.6 | 12.7 | 90.9 | 35.9 |
Net working capital % | 17.6 % | 33.7 % | 60.6 % | 45.4 % | 55.3 % |
Credit risk | |||||
Credit rating | AAA | AAA | AAA | AAA | AAA |
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