AIRMASTER A/S — Credit Rating and Financial Key Figures

CVR number: 29527393
Industrivej 59, 9600 Aars
tel: 98625777

Credit rating

Company information

Official name
AIRMASTER A/S
Personnel
180 persons
Established
2006
Company form
Limited company
Industry

About AIRMASTER A/S

AIRMASTER A/S (CVR number: 29527393) is a company from VESTHIMMERLANDS. The company reported a net sales of 546.8 mDKK in 2023, demonstrating a growth of 62.3 % compared to the previous year. The operating profit percentage was at 25.5 % (EBIT: 139.6 mDKK), while net earnings were 113.7 mDKK. The profitability of the company measured by Return on Assets (ROA) was 76.1 %, which can be considered excellent and Return on Equity (ROE) was 95.4 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 68.2 %, 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. AIRMASTER A/S's liquidity measured by quick ratio was 1.5 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales336 845.00546 776.00
Gross profit66 637.0069 717.0092 615.00141 188.00252 311.00
EBIT17 583.0019 740.0027 686.0052 992.00139 579.00
Net earnings14 702.0018 570.0030 018.0048 645.00113 711.00
Shareholders equity total43 792.0052 327.0066 393.0094 899.00143 431.00
Balance sheet total (assets)59 021.0069 371.0093 181.00163 004.00219 315.00
Net debt-5 168.00-4 389.00-3 880.0031 266.00-50 314.00
Profitability
EBIT-%15.7 %25.5 %
ROA30.3 %35.4 %43.3 %46.8 %76.1 %
ROE33.4 %38.6 %50.6 %60.3 %95.4 %
ROI41.2 %45.7 %55.9 %58.6 %101.8 %
Economic value added (EVA)12 384.6714 591.9821 383.2541 250.42106 132.93
Solvency
Equity ratio74.7 %75.8 %71.4 %58.6 %68.2 %
Gearing2.2 %1.1 %4.3 %33.5 %0.3 %
Relative net indebtedness %18.2 %2.9 %
Liquidity
Quick ratio1.41.40.90.61.5
Current ratio3.23.22.51.92.3
Cash and cash equivalents6 110.004 989.006 734.00526.0050 752.00
Capital use efficiency
Trade debtors turnover (days)29.012.9
Net working capital %15.8 %16.2 %
Credit risk
Credit ratingAAAAAAAABBB

Variable visualization

ROA:76.1%
Rating: 100/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:68.2%
Rating: 52/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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