DANREC A/S — Credit Rating and Financial Key Figures

CVR number: 16171700
Vandværksvej 5, 7470 Karup J
tel: 97100211

Credit rating

Company information

Official name
DANREC A/S
Personnel
27 persons
Established
1992
Company form
Limited company
Industry
  • Expand more icon22Manufacture of rubber and plastic products

About DANREC A/S

DANREC A/S (CVR number: 16171700) is a company from VIBORG. The company recorded a gross profit of 38.6 mDKK in 2024. The operating profit was 15.6 mDKK, while net earnings were 11.7 mDKK. The profitability of the company measured by Return on Assets (ROA) was 29.6 %, which can be considered excellent and Return on Equity (ROE) was 51.1 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 45 %, 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. DANREC A/S's liquidity measured by quick ratio was 1.4 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit15 039.8420 219.3015 408.8422 353.0538 611.36
EBIT7 398.269 041.621 360.795 491.4615 579.90
Net earnings5 451.976 820.37546.873 810.2111 705.09
Shareholders equity total14 615.8721 436.2415 162.7418 972.9526 867.82
Balance sheet total (assets)29 335.3942 760.1448 325.1546 842.8959 643.12
Net debt9 537.7515 120.3826 866.3619 049.4117 625.54
Profitability
EBIT-%
ROA28.5 %25.1 %3.0 %11.7 %29.6 %
ROE45.9 %37.8 %3.0 %22.3 %51.1 %
ROI30.7 %27.4 %3.2 %12.3 %32.7 %
Economic value added (EVA)5 406.916 538.04285.873 777.8611 464.04
Solvency
Equity ratio49.8 %50.1 %31.4 %40.5 %45.0 %
Gearing80.4 %74.1 %198.9 %122.2 %85.5 %
Relative net indebtedness %
Liquidity
Quick ratio2.41.62.33.31.4
Current ratio5.63.26.15.12.5
Cash and cash equivalents2 213.59767.773 288.294 140.195 348.97
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAAAA

Variable visualization

ROA:29.6%
Rating: 83/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:45.0%
Rating: 37/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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