FLEX A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About FLEX A/S
FLEX A/S (CVR number: 67659619) is a company from HVIDOVRE. The company recorded a gross profit of -3356 kDKK in 2023. The operating profit was -2631.3 kDKK, while net earnings were 9764.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 7.2 %, which can be considered decent and Return on Equity (ROE) was 6.5 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 90.2 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. FLEX A/S's liquidity measured by quick ratio was 15.7 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 | 33.36 | 158.94 | 98.55 | -3 450.20 | -3 355.96 |
EBIT | - 506.13 | 428.51 | 848.77 | -3 381.82 | -2 631.34 |
Net earnings | - 558.55 | 203.82 | 498.29 | -12 291.42 | 9 764.64 |
Shareholders equity total | 790.84 | 994.66 | 1 492.95 | 144 884.37 | 154 168.91 |
Balance sheet total (assets) | 4 919.90 | 4 723.29 | 5 426.07 | 157 129.25 | 170 999.92 |
Net debt | 3 952.50 | 3 547.55 | 3 603.03 | -5 892.82 | 6 054.05 |
Profitability | |||||
EBIT-% | |||||
ROA | -6.2 % | 8.9 % | 16.7 % | -11.1 % | 7.2 % |
ROE | -52.2 % | 22.8 % | 40.1 % | -16.8 % | 6.5 % |
ROI | -6.3 % | 9.0 % | 16.9 % | -11.2 % | 7.3 % |
Economic value added (EVA) | - 472.94 | 258.00 | 577.83 | -2 747.45 | -6 706.70 |
Solvency | |||||
Equity ratio | 16.1 % | 21.1 % | 27.5 % | 92.2 % | 90.2 % |
Gearing | 500.3 % | 356.9 % | 243.7 % | 8.0 % | 8.5 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 0.3 | 0.2 | 0.2 | 10.6 | 15.7 |
Current ratio | 0.3 | 0.2 | 0.2 | 10.6 | 15.6 |
Cash and cash equivalents | 4.40 | 2.47 | 35.05 | 17 427.61 | 7 039.56 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | A | A | A | A |
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