ODENSE MARITIME TECHNOLOGY A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About ODENSE MARITIME TECHNOLOGY A/S
ODENSE MARITIME TECHNOLOGY A/S (CVR number: 33074964) is a company from ODENSE. The company reported a net sales of 49.5 mDKK in 2023, demonstrating a decline of -21.7 % compared to the previous year. The operating profit percentage was at 21.9 % (EBIT: 10.8 mDKK), while net earnings were 6680 kDKK. The profitability of the company measured by Return on Assets (ROA) was 25.5 %, which can be considered excellent and Return on Equity (ROE) was 20 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at -20.6 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. ODENSE MARITIME TECHNOLOGY A/S's liquidity measured by quick ratio was 1.3 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 94.52 | 72.02 | 100.18 | 63.18 | 49.49 |
Gross profit | 67.67 | 54.07 | 2.13 | 29.62 | 23.09 |
EBIT | 21.33 | 7.47 | -36.88 | 14.02 | 10.84 |
Net earnings | 12.44 | 3.09 | -32.48 | 7.25 | 6.68 |
Shareholders equity total | 13.88 | 10.52 | -21.97 | -14.72 | -8.04 |
Balance sheet total (assets) | 73.66 | 135.43 | 118.28 | 35.69 | 31.00 |
Net debt | -37.77 | -36.35 | -24.27 | 25.54 | 9.54 |
Profitability | |||||
EBIT-% | 22.6 % | 10.4 % | -36.8 % | 22.2 % | 21.9 % |
ROA | 35.2 % | 7.6 % | -26.2 % | 14.8 % | 25.5 % |
ROE | 161.5 % | 25.4 % | -50.4 % | 9.4 % | 20.0 % |
ROI | 164.1 % | 41.4 % | -334.7 % | 62.9 % | 32.2 % |
Economic value added (EVA) | 17.91 | 6.41 | -27.53 | 13.47 | 8.67 |
Solvency | |||||
Equity ratio | 19.7 % | 8.3 % | -16.2 % | -29.2 % | -20.6 % |
Gearing | 33.5 % | 8.1 % | -16.1 % | -266.9 % | -393.1 % |
Relative net indebtedness % | 18.4 % | 121.8 % | 112.2 % | 58.0 % | 34.3 % |
Liquidity | |||||
Quick ratio | 1.3 | 1.2 | 0.9 | 1.4 | 1.3 |
Current ratio | 1.3 | 1.1 | 0.9 | 1.4 | 1.3 |
Cash and cash equivalents | 42.42 | 37.20 | 27.81 | 13.74 | 22.05 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 85.1 | 112.4 | 24.3 | 58.6 | 36.9 |
Net working capital % | -4.6 % | -6.7 % | -38.6 % | 17.1 % | 15.4 % |
Credit risk | |||||
Credit rating | BBB | A | BB | BBB | BBB |
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