ELTEL NETWORKS A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About ELTEL NETWORKS A/S
ELTEL NETWORKS A/S (CVR number: 25501918) is a company from HERLEV. The company reported a net sales of 686.1 mDKK in 2024, demonstrating a decline of -1 % compared to the previous year. The operating profit percentage was at 3.6 % (EBIT: 25 mDKK), while net earnings were 20.5 mDKK. The profitability of the company measured by Return on Assets (ROA) was 8.2 %, which can be considered good but Return on Equity (ROE) was 26.2 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 26.9 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. ELTEL NETWORKS A/S's liquidity measured by quick ratio was 1.5 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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 880.32 | 653.73 | 552.61 | 693.25 | 686.10 |
Gross profit | 408.54 | 352.97 | 293.52 | 358.56 | 347.65 |
EBIT | 33.28 | 26.86 | -0.66 | 31.70 | 24.96 |
Net earnings | 22.41 | 19.59 | -1.68 | 25.69 | 20.51 |
Shareholders equity total | 119.42 | 89.02 | 67.34 | 78.03 | 78.54 |
Balance sheet total (assets) | 556.27 | 402.68 | 323.37 | 365.88 | 331.92 |
Net debt | 15.99 | 23.21 | |||
Profitability | |||||
EBIT-% | 3.8 % | 4.1 % | -0.1 % | 4.6 % | 3.6 % |
ROA | 7.1 % | 5.6 % | -0.2 % | 10.2 % | 8.2 % |
ROE | 20.7 % | 18.8 % | -2.1 % | 35.3 % | 26.2 % |
ROI | 9.8 % | 5.6 % | -0.2 % | 16.4 % | 27.0 % |
Economic value added (EVA) | 27.13 | 20.86 | -5.13 | 21.32 | 14.11 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 24.8 % | 26.9 % |
Gearing | 20.6 % | 29.6 % | |||
Relative net indebtedness % | 40.0 % | 36.2 % | |||
Liquidity | |||||
Quick ratio | 1.5 | 1.5 | |||
Current ratio | 1.3 | 1.3 | |||
Cash and cash equivalents | 0.11 | 0.04 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 101.4 | 83.6 | |||
Net working capital % | 10.4 % | 10.4 % | |||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | A | A |
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