Credit rating
Company information
About INDITEX Danmark A/S
INDITEX Danmark A/S (CVR number: 24209717) is a company from KØBENHAVN. The company reported a net sales of 775.1 mDKK in 2023, demonstrating a growth of 19.9 % compared to the previous year. The operating profit percentage was at 10 % (EBIT: 77.8 mDKK), while net earnings were 58.4 mDKK. The profitability of the company measured by Return on Assets (ROA) was 29.5 %, which can be considered excellent and Return on Equity (ROE) was 77.8 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 44.4 %, 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. INDITEX Danmark A/S's liquidity measured by quick ratio was 21.3 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 (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 418.91 | 437.69 | 515.25 | 646.20 | 775.08 |
Gross profit | 101.84 | 112.32 | 129.35 | 139.05 | 193.89 |
EBIT | 16.20 | 0.45 | 22.77 | 26.18 | 77.83 |
Net earnings | 11.30 | -2.61 | 14.53 | 17.26 | 58.38 |
Shareholders equity total | 85.59 | 72.41 | 86.94 | 54.50 | 95.62 |
Balance sheet total (assets) | 167.79 | 297.52 | 292.46 | 230.53 | 314.11 |
Net debt | 3.63 | -64.75 | |||
Profitability | |||||
EBIT-% | 3.9 % | 0.1 % | 4.4 % | 4.1 % | 10.0 % |
ROA | 8.1 % | 0.2 % | 7.7 % | 10.1 % | 29.5 % |
ROE | 9.8 % | -3.3 % | 18.2 % | 24.4 % | 77.8 % |
ROI | 10.0 % | 0.2 % | 7.7 % | 10.4 % | 28.9 % |
Economic value added (EVA) | 12.33 | -3.85 | 19.13 | 16.01 | 58.32 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 33.2 % | 44.4 % |
Gearing | 20.3 % | 41.9 % | |||
Relative net indebtedness % | 14.8 % | 0.4 % | |||
Liquidity | |||||
Quick ratio | 3.9 | 21.3 | |||
Current ratio | 5.8 | 23.9 | |||
Cash and cash equivalents | 7.44 | 104.78 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 0.3 | 0.2 | |||
Net working capital % | 6.0 % | 16.8 % | |||
Credit risk | |||||
Credit rating | BBB | BB | BBB | AA | BBB |
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