SANDET HOLDING A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About SANDET HOLDING A/S
SANDET HOLDING A/S (CVR number: 29531544) is a company from FREDERIKSBERG. The company recorded a gross profit of -33.6 kDKK in 2023. The operating profit was -111.5 kDKK, while net earnings were 2465.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 19.4 %, which can be considered excellent and Return on Equity (ROE) was 17 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 89.1 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. SANDET HOLDING A/S's liquidity measured by quick ratio was 23.2 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 | 10.61 | 87.12 | 16.86 | -76.53 | -33.62 |
EBIT | 6.36 | 58.51 | -33.56 | - 126.94 | - 111.53 |
Net earnings | 391.19 | 742.91 | 4 892.57 | 951.13 | 2 465.91 |
Shareholders equity total | 6 876.13 | 7 569.26 | 12 405.33 | 13 299.26 | 15 706.27 |
Balance sheet total (assets) | 7 029.39 | 9 116.86 | 13 693.78 | 14 757.79 | 17 632.78 |
Net debt | -6 140.65 | -4 314.14 | -9 963.18 | -10 937.50 | -13 120.04 |
Profitability | |||||
EBIT-% | |||||
ROA | 7.0 % | 12.0 % | 50.3 % | 9.8 % | 19.4 % |
ROE | 5.8 % | 10.3 % | 49.0 % | 7.4 % | 17.0 % |
ROI | 7.0 % | 12.2 % | 51.7 % | 10.1 % | 20.3 % |
Economic value added (EVA) | -34.94 | 21.42 | - 121.59 | - 195.36 | - 158.33 |
Solvency | |||||
Equity ratio | 97.8 % | 83.0 % | 90.6 % | 90.1 % | 89.1 % |
Gearing | 1.5 % | 16.6 % | 2.4 % | 2.4 % | 2.0 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 41.8 | 3.6 | 20.4 | 30.5 | 23.2 |
Current ratio | 41.8 | 3.6 | 20.4 | 30.5 | 23.2 |
Cash and cash equivalents | 6 244.63 | 5 573.80 | 10 258.87 | 11 256.11 | 13 436.27 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | A | A | BBB | A | A |
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