GEIA FOOD A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About GEIA FOOD A/S
GEIA FOOD A/S (CVR number: 14983007) is a company from AALBORG. The company reported a net sales of 2064.4 mDKK in 2023, demonstrating a growth of 11 % compared to the previous year. The operating profit percentage was at 3.3 % (EBIT: 68.4 mDKK), while net earnings were 51.7 mDKK. The profitability of the company measured by Return on Assets (ROA) was 13.7 %, which can be considered good but Return on Equity (ROE) was 22 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 38 %, 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. GEIA FOOD A/S's liquidity measured by quick ratio was 0.8 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 1 327.93 | 1 580.39 | 1 591.63 | 1 859.73 | 2 064.35 |
Gross profit | 89.93 | 128.63 | 126.27 | 115.98 | 153.28 |
EBIT | 37.34 | 65.83 | 59.35 | 42.93 | 68.42 |
Net earnings | 29.72 | 48.87 | 61.96 | 40.98 | 51.74 |
Shareholders equity total | 49.86 | 78.66 | 146.71 | 211.94 | 259.24 |
Balance sheet total (assets) | 257.94 | 280.54 | 385.93 | 588.90 | 682.60 |
Net debt | -7.42 | -10.05 | -27.38 | 50.12 | 70.44 |
Profitability | |||||
EBIT-% | 2.8 % | 4.2 % | 3.7 % | 2.3 % | 3.3 % |
ROA | 17.0 % | 26.4 % | 23.4 % | 12.4 % | 13.7 % |
ROE | 56.0 % | 76.0 % | 55.0 % | 22.9 % | 22.0 % |
ROI | 71.1 % | 103.8 % | 61.3 % | 25.9 % | 26.9 % |
Economic value added (EVA) | 26.11 | 45.62 | 43.49 | 28.03 | 48.69 |
Solvency | |||||
Equity ratio | 19.3 % | 28.0 % | 38.0 % | 36.0 % | 38.0 % |
Gearing | 6.0 % | 4.3 % | 16.8 % | 38.3 % | 35.6 % |
Relative net indebtedness % | 14.9 % | 11.9 % | 11.7 % | 18.6 % | 19.4 % |
Liquidity | |||||
Quick ratio | 0.6 | 0.6 | 0.7 | 0.5 | 0.8 |
Current ratio | 0.9 | 0.9 | 1.0 | 0.8 | 1.1 |
Cash and cash equivalents | 10.40 | 13.41 | 52.07 | 31.04 | 21.81 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 24.1 | 12.1 | 13.4 | 20.4 | 19.9 |
Net working capital % | -1.5 % | -1.5 % | -0.1 % | -3.1 % | 1.2 % |
Credit risk | |||||
Credit rating | A | A | A | A | AA |
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