Cadeler A/S
Credit rating
Company information
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 financialsNet sales (mEUR)
EBIT (mEUR)
Profitability
Solidity
Key figures (mEUR)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 38.38 | 19.50 | 60.94 | 106.42 | 108.62 |
Gross profit | -6.24 | -26.26 | 22.06 | 56.89 | 48.76 |
EBIT | -13.64 | -35.91 | 11.13 | 41.19 | 14.44 |
Net earnings | -23.76 | -27.03 | 7.45 | 35.54 | 11.50 |
Shareholders equity total | -13.10 | 241.06 | 325.26 | 540.57 | 959.04 |
Balance sheet total (assets) | 111.17 | 336.81 | 424.77 | 670.03 | 1 252.56 |
Net debt | 9.60 | -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 | -35.19 | 15.59 | 42.02 | 13.91 |
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 ratio | 0.6 | 3.2 | 0.4 | 5.0 | 2.7 |
Current ratio | 0.6 | 3.3 | 0.5 | 5.0 | 2.8 |
Cash and cash equivalents | 1.24 | 63.64 | 2.31 | 19.01 | 96.61 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 156.2 | 220.6 | 117.0 | 62.5 | 102.7 |
Net working capital % | -34.4 % | 296.9 % | -48.0 % | 44.8 % | 86.4 % |
Credit risk | |||||
Credit rating | BB | BB | AA | AAA | AAA |
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