AX V Nissens III ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 1 943.58 | 1 124.00 | 1 584.27 | 1 730.43 | 1 814.49 |
Gross profit | 617.69 | 334.08 | 376.66 | 340.45 | 501.15 |
EBIT | 73.54 | 111.30 | 67.86 | 36.06 | 196.36 |
Net earnings | -53.74 | 34.73 | 149.25 | 18.42 | 143.84 |
Shareholders equity total | 872.89 | 902.00 | 1 068.57 | 1 083.98 | 1 167.37 |
Balance sheet total (assets) | 3 209.05 | 3 498.77 | 2 136.09 | 2 096.75 | 2 031.64 |
Net debt | 1 331.44 | 1 429.89 | 299.94 | 135.02 | -41.89 |
Profitability | |||||
EBIT-% | 3.8 % | 9.9 % | 4.3 % | 2.1 % | 10.8 % |
ROA | 2.5 % | 3.6 % | 2.6 % | 1.8 % | 9.9 % |
ROE | -8.6 % | 5.6 % | 21.8 % | 2.5 % | 17.9 % |
ROI | 3.2 % | 4.6 % | 3.4 % | 2.4 % | 13.3 % |
Economic value added (EVA) | -22.31 | -31.78 | -63.63 | -28.74 | 97.88 |
Solvency | |||||
Equity ratio | 27.2 % | 25.8 % | 50.0 % | 51.7 % | 57.5 % |
Gearing | 181.0 % | 182.2 % | 40.9 % | 9.3 % | 2.4 % |
Relative net indebtedness % | 107.4 % | 212.0 % | 58.8 % | 60.5 % | 43.8 % |
Liquidity | |||||
Quick ratio | 1.3 | 1.2 | 0.8 | 0.7 | 0.8 |
Current ratio | 2.4 | 2.1 | 1.7 | 1.8 | 1.7 |
Cash and cash equivalents | 248.76 | 213.69 | 136.73 | -34.37 | 69.49 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 76.8 | 206.0 | 72.4 | 68.1 | 70.7 |
Net working capital % | 36.2 % | 70.8 % | 25.9 % | 25.9 % | 23.4 % |
Credit risk | |||||
Credit rating | A | AA | AAA | AAA | AAA |
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