ROWS & STITCHES A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About ROWS & STITCHES A/S
ROWS & STITCHES A/S (CVR number: 30703324) is a company from HERNING. The company recorded a gross profit of 281.7 kDKK in 2023. The operating profit was -344.2 kDKK, while net earnings were -221.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was -16.9 %, which can be considered poor and Return on Equity (ROE) was -23.4 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 55.3 %, 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. ROWS & STITCHES A/S's liquidity measured by quick ratio was 2.2 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | 1 013.27 | 663.98 | 857.94 | 655.69 | 281.67 |
| EBIT | 303.03 | -45.96 | 219.50 | - 173.99 | - 344.16 |
| Net earnings | 265.31 | -21.33 | 145.35 | -97.26 | - 221.84 |
| Shareholders equity total | 1 480.26 | 1 158.93 | 1 304.28 | 1 057.02 | 835.18 |
| Balance sheet total (assets) | 2 118.83 | 2 009.60 | 1 987.14 | 1 832.35 | 1 509.71 |
| Net debt | - 694.62 | - 532.20 | - 794.40 | - 640.07 | 23.83 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 13.7 % | -1.3 % | 11.0 % | -6.5 % | -16.9 % |
| ROE | 14.0 % | -1.6 % | 11.8 % | -8.2 % | -23.4 % |
| ROI | 16.2 % | -1.6 % | 13.4 % | -7.3 % | -18.3 % |
| Economic value added (EVA) | 180.16 | -59.07 | 160.55 | - 141.95 | - 256.89 |
| Solvency | |||||
| Equity ratio | 69.9 % | 57.7 % | 65.6 % | 57.7 % | 55.3 % |
| Gearing | 21.9 % | 35.8 % | 29.6 % | 61.2 % | 66.2 % |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 3.3 | 2.4 | 2.9 | 2.4 | 2.2 |
| Current ratio | 3.3 | 2.4 | 2.9 | 2.4 | 2.2 |
| Cash and cash equivalents | 1 018.25 | 946.67 | 1 180.12 | 1 286.97 | 529.46 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | A | BBB | BBB | BBB | BB |
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