WORK WEAR GROUP A/S
Credit rating
Company information
About WORK WEAR GROUP A/S
WORK WEAR GROUP A/S (CVR number: 33044747K) is a company from TÅRNBY. The company reported a net sales of 163.7 mDKK in 2018, demonstrating a growth of 10.2 % compared to the previous year. The operating profit percentage was at 3.3 % (EBIT: 5.3 mDKK), while net earnings were 2833.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 5.4 %, which can be considered decent but Return on Equity (ROE) was 9.5 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 29.4 %, 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. WORK WEAR GROUP A/S's liquidity measured by quick ratio was 0.5 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 financials2016 | 2017 | 2018 | |
---|---|---|---|
Volume | |||
Net sales | 134.05 | 148.50 | 163.69 |
Gross profit | 26.15 | 26.29 | 30.42 |
EBIT | 3.07 | 2.13 | 5.34 |
Net earnings | 2.51 | 0.73 | 2.83 |
Shareholders equity total | 29.98 | 28.31 | 31.15 |
Balance sheet total (assets) | 127.92 | 97.75 | 105.83 |
Net debt | 46.01 | 34.38 | 37.64 |
Profitability | |||
EBIT-% | 2.3 % | 1.4 % | 3.3 % |
ROA | 3.2 % | 2.0 % | 5.4 % |
ROE | 8.4 % | 2.5 % | 9.5 % |
ROI | 5.2 % | 3.2 % | 8.3 % |
Economic value added (EVA) | 2.99 | 0.34 | 2.04 |
Solvency | |||
Equity ratio | 23.4 % | 29.0 % | 29.4 % |
Gearing | 154.8 % | 121.9 % | 121.5 % |
Relative net indebtedness % | 72.7 % | 46.7 % | 45.4 % |
Liquidity | |||
Quick ratio | 0.7 | 0.5 | 0.5 |
Current ratio | 1.2 | 1.3 | 1.3 |
Cash and cash equivalents | 0.40 | 0.14 | 0.22 |
Capital use efficiency | |||
Trade debtors turnover (days) | 128.4 | 69.5 | 73.8 |
Net working capital % | 14.0 % | 14.1 % | 14.3 % |
Credit risk | |||
Credit rating | BBB | A | A |
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