Ikast El Net A/S — Credit Rating and Financial Key Figures

Ikast El Net A/S (CVR number: 25115627) is a company from IKAST-BRANDE. The company reported a net sales of 21.8 mDKK in 2023, demonstrating a growth of 3.5 % compared to the previous year. The operating profit percentage was at 24 % (EBIT: 5.2 mDKK), while net earnings were 5357 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3.8 %, which can be considered weak but Return on Equity (ROE) was 4.3 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 64.9 %, 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. Ikast El Net A/S's liquidity measured by quick ratio was 1.9 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.