AKSET A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About AKSET A/S
AKSET A/S (CVR number: 26118182K) is a company from VEJLE. The company recorded a gross profit of 41.8 mDKK in 2023. The operating profit was 8296.9 kDKK, while net earnings were 184.3 mDKK. The profitability of the company measured by Return on Assets (ROA) was 32.9 %, which can be considered excellent and Return on Equity (ROE) was 101.3 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 65.6 %, 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. AKSET A/S's liquidity measured by quick ratio was 0.2 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 80 160.95 | 49 613.05 | 38 486.22 | 49 639.88 | 41 821.24 |
EBIT | 48 949.47 | 16 875.18 | 8 658.50 | 20 999.80 | 8 296.85 |
Net earnings | 34 929.16 | -25 790.62 | 25 887.50 | 60 773.54 | 184 262.65 |
Shareholders equity total | 214 735.46 | 157 425.87 | 202 393.70 | 279 543.97 | 447 684.04 |
Balance sheet total (assets) | 465 873.93 | 405 606.78 | 442 163.32 | 526 877.47 | 682 269.95 |
Net debt | 197 415.01 | 200 561.19 | 199 881.81 | 194 287.01 | 175 264.78 |
Profitability | |||||
EBIT-% | |||||
ROA | 14.2 % | -2.1 % | 6.1 % | 15.2 % | 32.9 % |
ROE | 19.8 % | -15.1 % | 17.5 % | 37.9 % | 101.3 % |
ROI | 13.2 % | -3.8 % | 7.8 % | 16.7 % | 34.8 % |
Economic value added (EVA) | 34 024.60 | 4 804.16 | - 122.96 | 4 585.96 | -4 373.41 |
Solvency | |||||
Equity ratio | 46.1 % | 38.8 % | 45.8 % | 53.1 % | 65.6 % |
Gearing | 93.9 % | 127.5 % | 99.4 % | 69.6 % | 39.2 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 0.4 | 0.2 | 0.6 | 0.2 | 0.2 |
Current ratio | 1.1 | 1.0 | 1.1 | 0.9 | 0.9 |
Cash and cash equivalents | 4 195.08 | 187.80 | 1 291.32 | 307.22 | 221.69 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | AAA | A | AAA | AAA | AA |
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