AX V Nissens II ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About AX V Nissens II ApS
AX V Nissens II ApS (CVR number: 38647458K) is a company from HORSENS. The company reported a net sales of 1584.3 mDKK in 2021, demonstrating a growth of 40.9 % compared to the previous year. The operating profit percentage was at 4.3 % (EBIT: 68 mDKK), while net earnings were 149.4 mDKK. The profitability of the company measured by Return on Assets (ROA) was 2.6 %, which can be considered weak but Return on Equity (ROE) was 15.2 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 50 %, 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. AX V Nissens II ApS'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 financials2017 | 2018 | 2019 | 2020 | 2021 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 1 584.27 | 1 982.80 | 1 943.58 | 1 124.00 | 1 584.27 |
Gross profit | 376.78 | 638.32 | 617.75 | 334.20 | 376.78 |
EBIT | 67.98 | 123.87 | 73.60 | 111.42 | 67.98 |
Net earnings | 149.40 | -15.10 | -53.70 | 34.81 | 149.40 |
Shareholders equity total | 1 068.47 | 925.97 | 872.55 | 901.74 | 1 068.47 |
Balance sheet total (assets) | 2 135.97 | 3 163.51 | 3 208.92 | 3 499.01 | 2 135.97 |
Net debt | 300.52 | 1 287.86 | 1 331.57 | 1 429.91 | 300.52 |
Profitability | |||||
EBIT-% | 4.3 % | 6.2 % | 3.8 % | 9.9 % | 4.3 % |
ROA | 3.4 % | 5.0 % | 2.5 % | 3.6 % | 2.6 % |
ROE | 14.0 % | -1.5 % | -6.0 % | 3.9 % | 15.2 % |
ROI | 4.5 % | 6.5 % | 3.2 % | 4.6 % | 3.4 % |
Economic value added (EVA) | 92.98 | 26.41 | -22.24 | -31.75 | -63.67 |
Solvency | |||||
Equity ratio | 50.0 % | 29.3 % | 27.2 % | 25.8 % | 50.0 % |
Gearing | 40.9 % | 164.3 % | 181.1 % | 182.3 % | 40.9 % |
Relative net indebtedness % | 58.8 % | 101.1 % | 107.4 % | 212.1 % | 58.8 % |
Liquidity | |||||
Quick ratio | 0.8 | 1.3 | 1.3 | 1.2 | 0.8 |
Current ratio | 1.7 | 2.3 | 2.4 | 2.1 | 1.7 |
Cash and cash equivalents | 136.14 | 233.59 | 248.63 | 213.67 | 136.14 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 72.4 | 80.9 | 76.8 | 206.0 | 72.4 |
Net working capital % | 25.9 % | 33.8 % | 36.2 % | 70.7 % | 25.9 % |
Credit risk | |||||
Credit rating | AAA | A | A | AA | AAA |
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