FLEX A/S — Credit Rating and Financial Key Figures

CVR number: 67659619
Svend Aagesens Alle 10 B, 2650 Hvidovre
brev@mitoflex.dk
tel: 52510000

Company information

Official name
FLEX A/S
Established
1982
Company form
Limited company
Industry

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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit33.36158.9498.55-3 450.20-3 355.96
EBIT- 506.13428.51848.77-3 381.82-2 631.34
Net earnings- 558.55203.82498.29-12 291.429 764.64
Shareholders equity total790.84994.661 492.95144 884.37154 168.91
Balance sheet total (assets)4 919.904 723.295 426.07157 129.25170 999.92
Net debt3 952.503 547.553 603.03-5 892.826 054.05
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)- 472.94258.00577.83-2 747.45-6 706.70
Solvency
Equity ratio16.1 %21.1 %27.5 %92.2 %90.2 %
Gearing500.3 %356.9 %243.7 %8.0 %8.5 %
Relative net indebtedness %
Liquidity
Quick ratio0.30.20.210.615.7
Current ratio0.30.20.210.615.6
Cash and cash equivalents4.402.4735.0517 427.617 039.56
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBAAAA

Variable visualization

ROA:7.19%
Rating: 49/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:90.2%
Rating: 70/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Chairman of the board
Chief executive officer

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