ERTECH ApS — Credit Rating and Financial Key Figures

CVR number: 25460227
Aldumvej 11, Spettrup 8722 Hedensted
info@ertech.dk
www.ertech.dk

Credit rating

Company information

Official name
ERTECH ApS
Personnel
1 person
Established
2000
Domicile
Spettrup
Company form
Private limited company
Industry

About ERTECH ApS

ERTECH ApS (CVR number: 25460227) is a company from HEDENSTED. The company recorded a gross profit of 2145.8 kDKK in 2023. The operating profit was 540.7 kDKK, while net earnings were 439.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 21.3 %, which can be considered excellent and Return on Equity (ROE) was 32 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 51.4 %, 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. ERTECH ApS's liquidity measured by quick ratio was 2 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 profit2 419.612 024.681 807.081 943.522 145.85
EBIT965.05499.62474.77394.66540.68
Net earnings745.03379.90435.63298.82439.88
Shareholders equity total2 142.031 521.931 957.561 356.381 396.26
Balance sheet total (assets)3 246.623 234.572 946.042 590.252 716.25
Net debt-1 539.23-1 166.71-1 472.39-1 255.48-2 165.75
Profitability
EBIT-%
ROA31.5 %15.5 %18.9 %14.4 %21.3 %
ROE39.9 %20.7 %25.0 %18.0 %32.0 %
ROI51.8 %26.2 %29.5 %21.4 %36.4 %
Economic value added (EVA)668.42279.74281.94195.05346.54
Solvency
Equity ratio66.0 %47.1 %66.4 %52.4 %51.4 %
Gearing0.2 %12.0 %14.7 %10.3 %15.8 %
Relative net indebtedness %
Liquidity
Quick ratio2.91.73.02.12.0
Current ratio2.91.73.02.12.0
Cash and cash equivalents1 543.861 349.661 759.321 395.592 387.06
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:21.3%
Rating: 76/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:51.4%
Rating: 41/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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