CityJet A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About CityJet A/S
CityJet A/S (CVR number: 34576890) is a company from TÅRNBY. The company reported a net sales of 320.4 mDKK in 2023, demonstrating a growth of 8.4 % compared to the previous year. The operating profit percentage was at 2 % (EBIT: 6.4 mDKK), while net earnings were 4843 kDKK. The profitability of the company measured by Return on Assets (ROA) was 24.1 %, which can be considered excellent and Return on Equity (ROE) was 36.4 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 57.5 %, 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. CityJet A/S's liquidity measured by quick ratio was 2.2 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 | 120.66 | 103.32 | 147.28 | 295.46 | 320.37 |
Gross profit | 105.47 | 84.28 | 152.76 | 272.34 | 294.17 |
EBIT | 105.47 | 84.28 | 152.76 | 5.95 | 6.41 |
Net earnings | 0.49 | -15.41 | 2.34 | 4.50 | 4.84 |
Shareholders equity total | 19.45 | 4.03 | 6.38 | 10.87 | 15.71 |
Balance sheet total (assets) | 33.90 | 34.43 | 17.30 | 26.18 | 27.30 |
Net debt | -13.05 | -15.83 | |||
Profitability | |||||
EBIT-% | 87.4 % | 81.6 % | 103.7 % | 2.0 % | 2.0 % |
ROA | 222.8 % | 246.7 % | 590.6 % | 27.4 % | 24.1 % |
ROE | 2.6 % | -131.3 % | 45.0 % | 52.1 % | 36.4 % |
ROI | 399.1 % | 246.7 % | 590.6 % | 42.3 % | 48.4 % |
Economic value added (EVA) | 104.69 | 83.30 | 152.56 | 4.30 | 5.06 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 41.5 % | 57.5 % |
Gearing | |||||
Relative net indebtedness % | 0.8 % | -1.3 % | |||
Liquidity | |||||
Quick ratio | 1.6 | 2.2 | |||
Current ratio | 1.6 | 2.2 | |||
Cash and cash equivalents | 13.05 | 15.83 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | 3.0 % | 4.2 % | |||
Credit risk | |||||
Credit rating | BBB | BB | BBB | BBB | A |
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