Davidsen Koncernen A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Davidsen Koncernen A/S
Davidsen Koncernen A/S (CVR number: 40997555K) is a company from HADERSLEV. The company reported a net sales of 3185.3 mDKK in 2023, demonstrating a decline of -23.4 % compared to the previous year. The operating profit percentage was at 2 % (EBIT: 62.2 mDKK), while net earnings were 43.8 mDKK. The profitability of the company measured by Return on Assets (ROA) was 4.7 %, which can be considered decent and Return on Equity (ROE) was 7.9 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 50 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. Davidsen Koncernen A/S's liquidity measured by quick ratio was 0.7 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 2 306.00 | 3 348.00 | 3 835.00 | 4 156.44 | 3 185.26 |
Gross profit | 2 306.00 | 3 348.00 | 3 835.00 | 691.46 | 543.37 |
EBIT | 2 306.00 | 3 348.00 | 3 835.00 | 170.54 | 62.22 |
Net earnings | 22.00 | 84.00 | 159.00 | 128.29 | 43.81 |
Shareholders equity total | 142.00 | 223.00 | 388.00 | 537.85 | 575.62 |
Balance sheet total (assets) | 1 118.00 | 1 189.00 | 1 511.00 | 1 641.86 | 1 450.24 |
Net debt | 378.83 | 198.84 | |||
Profitability | |||||
EBIT-% | 100.0 % | 100.0 % | 100.0 % | 4.1 % | 2.0 % |
ROA | 231.5 % | 290.2 % | 284.1 % | 11.1 % | 4.7 % |
ROE | 10.5 % | 46.0 % | 52.0 % | 27.7 % | 7.9 % |
ROI | 231.5 % | 290.2 % | 284.1 % | 14.0 % | 7.5 % |
Economic value added (EVA) | 1 677.20 | 2 596.86 | 2 992.56 | 112.84 | 13.08 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 43.4 % | 50.0 % |
Gearing | 71.5 % | 56.3 % | |||
Relative net indebtedness % | 25.8 % | 22.7 % | |||
Liquidity | |||||
Quick ratio | 0.7 | 0.7 | |||
Current ratio | 1.4 | 1.3 | |||
Cash and cash equivalents | 5.53 | 125.06 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 34.7 | 34.3 | |||
Net working capital % | 7.8 % | 6.2 % | |||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | A | AA |
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