AIRMASTER A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 336 845.00 | 546 776.00 | |||
Gross profit | 66 637.00 | 69 717.00 | 92 615.00 | 141 188.00 | 252 311.00 |
EBIT | 17 583.00 | 19 740.00 | 27 686.00 | 52 992.00 | 139 579.00 |
Net earnings | 14 702.00 | 18 570.00 | 30 018.00 | 48 645.00 | 113 711.00 |
Shareholders equity total | 43 792.00 | 52 327.00 | 66 393.00 | 94 899.00 | 143 431.00 |
Balance sheet total (assets) | 59 021.00 | 69 371.00 | 93 181.00 | 163 004.00 | 219 315.00 |
Net debt | -5 168.00 | -4 389.00 | -3 880.00 | 31 266.00 | -50 314.00 |
Profitability | |||||
EBIT-% | 15.7 % | 25.5 % | |||
ROA | 30.3 % | 35.4 % | 43.3 % | 46.8 % | 76.1 % |
ROE | 33.4 % | 38.6 % | 50.6 % | 60.3 % | 95.4 % |
ROI | 41.2 % | 45.7 % | 55.9 % | 58.6 % | 101.8 % |
Economic value added (EVA) | 12 384.67 | 14 591.98 | 21 383.25 | 41 250.42 | 106 132.93 |
Solvency | |||||
Equity ratio | 74.7 % | 75.8 % | 71.4 % | 58.6 % | 68.2 % |
Gearing | 2.2 % | 1.1 % | 4.3 % | 33.5 % | 0.3 % |
Relative net indebtedness % | 18.2 % | 2.9 % | |||
Liquidity | |||||
Quick ratio | 1.4 | 1.4 | 0.9 | 0.6 | 1.5 |
Current ratio | 3.2 | 3.2 | 2.5 | 1.9 | 2.3 |
Cash and cash equivalents | 6 110.00 | 4 989.00 | 6 734.00 | 526.00 | 50 752.00 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 29.0 | 12.9 | |||
Net working capital % | 15.8 % | 16.2 % | |||
Credit risk | |||||
Credit rating | AA | AA | AA | AA | BBB |
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