ETISOFT NORDIC ApS — Credit Rating and Financial Key Figures

CVR number: 33251963
Tietgensvej 19, 8600 Silkeborg
jbp@etisoft.dk

Credit rating

Company information

Official name
ETISOFT NORDIC ApS
Personnel
4 persons
Established
2010
Company form
Private limited company
Industry

About ETISOFT NORDIC ApS

ETISOFT NORDIC ApS (CVR number: 33251963) is a company from SILKEBORG. The company recorded a gross profit of 2856.5 kDKK in 2023. The operating profit was 418.7 kDKK, while net earnings were 310 kDKK. The profitability of the company measured by Return on Assets (ROA) was 14.3 %, which can be considered good but Return on Equity (ROE) was 43.4 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 23.5 %, 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. ETISOFT NORDIC ApS's liquidity measured by quick ratio was 1.2 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 sales
Gross profit1 621.282 592.182 574.742 952.302 856.47
EBIT153.30770.64829.78989.50418.70
Net earnings109.71594.64626.45741.61310.03
Shareholders equity total86.37681.21767.66909.27519.30
Balance sheet total (assets)1 441.513 136.963 438.053 900.792 213.59
Net debt- 428.46-1 402.20- 642.59-1 367.72- 424.01
Profitability
EBIT-%
ROA7.8 %34.0 %25.3 %27.1 %14.3 %
ROE8.5 %154.9 %86.5 %88.4 %43.4 %
ROI165.7 %195.0 %113.5 %117.4 %60.7 %
Economic value added (EVA)137.56616.85679.29762.46317.26
Solvency
Equity ratio6.0 %22.2 %22.7 %23.3 %23.5 %
Gearing25.8 %1.3 %1.1 %0.5 %0.5 %
Relative net indebtedness %
Liquidity
Quick ratio1.01.31.21.21.2
Current ratio1.01.31.31.31.3
Cash and cash equivalents450.781 410.75651.081 372.72426.48
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBB

Variable visualization

ROA:14.3%
Rating: 65/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:23.5%
Rating: 22/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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