Europcar Mobility Group Denmark A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Europcar Mobility Group Denmark A/S
Europcar Mobility Group Denmark A/S (CVR number: 19986292) is a company from AARHUS. The company reported a net sales of 559.7 mDKK in 2023, demonstrating a decline of -8 % compared to the previous year. The operating profit percentage was at 5.4 % (EBIT: 30.2 mDKK), while net earnings were 20 mDKK. The profitability of the company measured by Return on Assets (ROA) was 6.5 %, which can be considered decent but Return on Equity (ROE) was 10.2 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 34.4 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. Europcar Mobility Group Denmark A/S's liquidity measured by quick ratio was 2.5 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 | 493.99 | 381.24 | 466.96 | 608.01 | 559.66 |
Gross profit | 493.99 | 381.24 | 466.96 | 237.66 | 179.87 |
EBIT | 493.99 | 381.24 | 466.96 | 95.46 | 30.16 |
Net earnings | 14.28 | 0.80 | 30.95 | 70.61 | 20.03 |
Shareholders equity total | 141.27 | 171.87 | 169.93 | 210.74 | 180.76 |
Balance sheet total (assets) | 534.33 | 396.59 | 434.57 | 553.87 | 525.82 |
Net debt | 104.86 | 151.11 | |||
Profitability | |||||
EBIT-% | 100.0 % | 100.0 % | 100.0 % | 15.7 % | 5.4 % |
ROA | 92.2 % | 81.9 % | 112.4 % | 19.6 % | 6.5 % |
ROE | 9.6 % | 0.5 % | 18.1 % | 37.1 % | 10.2 % |
ROI | 101.3 % | 81.9 % | 112.4 % | 22.3 % | 8.0 % |
Economic value added (EVA) | 478.28 | 374.14 | 458.33 | 65.94 | 9.59 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 38.0 % | 34.4 % |
Gearing | 60.8 % | 101.7 % | |||
Relative net indebtedness % | 38.3 % | 42.3 % | |||
Liquidity | |||||
Quick ratio | 1.2 | 2.5 | |||
Current ratio | 1.2 | 2.6 | |||
Cash and cash equivalents | 23.33 | 32.75 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 39.3 | 31.1 | |||
Net working capital % | 6.1 % | 23.9 % | |||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | AAA | AAA |
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