GRUNDFOS A/S
Credit rating
Company information
About GRUNDFOS A/S
GRUNDFOS A/S (CVR number: 37499919) is a company from VIBORG. The company reported a net sales of 1625.7 mDKK in 2023, demonstrating a decline of -11.2 % compared to the previous year. The operating profit percentage was at 9.1 % (EBIT: 148.6 mDKK), while net earnings were 144.5 mDKK. The profitability of the company measured by Return on Assets (ROA) was 9.5 %, which can be considered good and Return on Equity (ROE) was 11.3 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 68.5 %, 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. GRUNDFOS A/S's liquidity measured by quick ratio was 0.8 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 1 824.00 | 1 689.00 | 1 768.50 | 1 830.10 | 1 625.72 |
Gross profit | 1 824.00 | 1 689.00 | 332.11 | 369.55 | 352.25 |
EBIT | 192.00 | 168.00 | 150.15 | 166.81 | 148.55 |
Net earnings | 185.00 | 161.00 | 188.02 | 192.02 | 144.50 |
Shareholders equity total | 1 276.00 | 1 239.00 | 1 224.52 | 1 276.54 | 1 271.05 |
Balance sheet total (assets) | 1 916.00 | 1 937.00 | 2 051.03 | 1 992.58 | 1 894.75 |
Net debt | 459.71 | 334.27 | 189.93 | ||
Profitability | |||||
EBIT-% | 10.5 % | 9.9 % | 8.5 % | 9.1 % | 9.1 % |
ROA | 9.8 % | 8.7 % | 11.2 % | 11.4 % | 9.5 % |
ROE | 13.3 % | 12.8 % | 15.3 % | 15.4 % | 11.3 % |
ROI | 9.8 % | 8.7 % | 12.2 % | 13.7 % | 11.6 % |
Economic value added (EVA) | 79.43 | 70.45 | 51.82 | 74.21 | 56.40 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 60.4 % | 64.9 % | 68.5 % |
Gearing | 37.5 % | 26.2 % | 14.9 % | ||
Relative net indebtedness % | 44.4 % | 37.1 % | 35.1 % | ||
Liquidity | |||||
Quick ratio | 0.7 | 0.9 | 0.8 | ||
Current ratio | 0.7 | 0.9 | 0.7 | ||
Cash and cash equivalents | 0.04 | ||||
Capital use efficiency | |||||
Trade debtors turnover (days) | 1.6 | 1.8 | 4.9 | ||
Net working capital % | 20.6 % | 25.8 % | -13.7 % | -4.5 % | -9.5 % |
Credit risk | |||||
Credit rating | BBB | BBB | A | A | A |
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