AX V Nissens III ApS — Credit Rating and Financial Key Figures

CVR number: 38647350
Ormhøjgårdvej 9, 8700 Horsens

Credit rating

Company information

Official name
AX V Nissens III ApS
Established
2017
Company form
Private limited company
Industry

About AX V Nissens III ApS

AX V Nissens III ApS (CVR number: 38647350K) is a company from HORSENS. The company reported a net sales of 1814.5 mDKK in 2023, demonstrating a growth of 4.9 % compared to the previous year. The operating profit percentage was at 10.8 % (EBIT: 196.4 mDKK), while net earnings were 143.8 mDKK. The profitability of the company measured by Return on Assets (ROA) was 9.9 %, which can be considered good but Return on Equity (ROE) was 17.9 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 57.5 %, 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. AX V Nissens III ApS's liquidity measured by quick ratio was 0.8 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 financials

Net sales (mDKK)

EBIT (mDKK)

Profitability

Solidity

Key figures (mDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales1 943.581 124.001 584.271 730.431 814.49
Gross profit617.69334.08376.66340.45501.15
EBIT73.54111.3067.8636.06196.36
Net earnings-53.7434.73149.2518.42143.84
Shareholders equity total872.89902.001 068.571 083.981 167.37
Balance sheet total (assets)3 209.053 498.772 136.092 096.752 031.64
Net debt1 331.441 429.89299.94135.02-41.89
Profitability
EBIT-%3.8 %9.9 %4.3 %2.1 %10.8 %
ROA2.5 %3.6 %2.6 %1.8 %9.9 %
ROE-8.6 %5.6 %21.8 %2.5 %17.9 %
ROI3.2 %4.6 %3.4 %2.4 %13.3 %
Economic value added (EVA)-22.31-31.78-63.63-28.7497.88
Solvency
Equity ratio27.2 %25.8 %50.0 %51.7 %57.5 %
Gearing181.0 %182.2 %40.9 %9.3 %2.4 %
Relative net indebtedness %107.4 %212.0 %58.8 %60.5 %43.8 %
Liquidity
Quick ratio1.31.20.80.70.8
Current ratio2.42.11.71.81.7
Cash and cash equivalents248.76213.69136.73-34.3769.49
Capital use efficiency
Trade debtors turnover (days)76.8206.072.468.170.7
Net working capital %36.2 %70.8 %25.9 %25.9 %23.4 %
Credit risk
Credit ratingAAAAAAAAAAAA

Variable visualization

ROA:9.89%
Rating: 57/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:57.5%
Rating: 45/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Chief executive officer
Chairman of the board

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