Cadeler A/S

CVR number: 31180503
Kalvebod Brygge 43, 1560 København V
info@cadeler.com
tel: 32463100

Credit rating

Company information

Official name
Cadeler A/S
Personnel
322 persons
Established
2008
Company form
Limited company
Industry
  • Expand more icon50Water transport

About the company

Cadeler A/S (CVR number: 31180503K) is a company from KØBENHAVN. The company reported a net sales of 108.6 mEUR in 2023, demonstrating a growth of 2.1 % compared to the previous year. The operating profit percentage was at 13.3 % (EBIT: 14.4 mEUR), while net earnings were 11.5 mEUR. The profitability of the company measured by Return on Assets (ROA) was 1.7 %, which can be considered weak and Return on Equity (ROE) was 1.5 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 76.6 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. Cadeler A/S's liquidity measured by quick ratio was 2.7 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

Net sales (mEUR)

EBIT (mEUR)

Profitability

Solidity

Key figures (mEUR)

See financials
20192020202120222023
Volume
Net sales38.3819.5060.94106.42108.62
Gross profit-6.24-26.2622.0656.8948.76
EBIT-13.64-35.9111.1341.1914.44
Net earnings-23.76-27.037.4535.5411.50
Shareholders equity total-13.10241.06325.26540.57959.04
Balance sheet total (assets)111.17336.81424.77670.031 252.56
Net debt9.60-63.64-2.31-19.01-96.61
Profitability
EBIT-%-35.6 %-184.2 %18.3 %38.7 %13.3 %
ROA-10.5 %-8.3 %3.4 %8.3 %1.7 %
ROE-39.0 %-15.3 %2.6 %8.2 %1.5 %
ROI-11.1 %-9.0 %3.8 %8.8 %1.7 %
Economic value added (EVA)-15.13-35.1915.5942.0213.91
Solvency
Equity ratio-10.5 %71.6 %76.6 %80.7 %76.6 %
Gearing-82.8 %
Relative net indebtedness %320.5 %164.7 %159.5 %103.8 %181.3 %
Liquidity
Quick ratio0.63.20.45.02.7
Current ratio0.63.30.55.02.8
Cash and cash equivalents1.2463.642.3119.0196.61
Capital use efficiency
Trade debtors turnover (days)156.2220.6117.062.5102.7
Net working capital %-34.4 %296.9 %-48.0 %44.8 %86.4 %
Credit risk
Credit ratingBBBBAAAAAAAA

Variable visualization

ROA:1.66%
Rating: 28/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:76.6%
Rating: 57/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Companies in the same industry

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