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

CVR number: 25115627
Europavej 2, 7430 Ikast
info@ikastelnet.dk
tel: 96600033

Credit rating

Company information

Official name
Ikast El Net A/S
Established
1999
Company form
Limited company
Industry

About Ikast El Net A/S

Ikast El Net A/S (CVR number: 25115627) is a company from IKAST-BRANDE. The company reported a net sales of 20.3 mDKK in 2024, demonstrating a decline of -6.8 % compared to the previous year. The operating profit percentage was at 20.9 % (EBIT: 4.3 mDKK), while net earnings were 4956 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3.2 %, which can be considered weak and Return on Equity (ROE) was 3.8 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 64.7 %, 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 1.1 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales21 796.0020 319.00
Gross profit14 023.0016 040.00
EBIT5 240.004 254.00
Net earnings5 357.004 956.00
Shareholders equity total126 027.00131 564.00
Balance sheet total (assets)194 111.00203 381.00
Net debt-7 839.004 827.00
Profitability
EBIT-%24.0 %20.9 %
ROA3.6 %3.2 %
ROE4.3 %3.8 %
ROI5.4 %4.6 %
Economic value added (EVA)-6 623.754 114.73-3 124.52
Solvency
Equity ratio64.9 %64.7 %
Gearing3.0 %10.3 %
Relative net indebtedness %250.3 %310.3 %
Liquidity
Quick ratio1.91.1
Current ratio2.21.3
Cash and cash equivalents11 558.008 767.00
Capital use efficiency
Trade debtors turnover (days)209.0167.6
Net working capital %132.3 %38.7 %
Credit risk
Credit ratingBBBBBBAAAAAA

Variable visualization

ROA:3.18%
Rating: 36/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:64.7%
Rating: 49/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Board member
Board member
Chairman of the board

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