DANISH AEROSPACE COMPANY A/S — Credit Rating and Financial Key Figures

CVR number: 12424248
Hvidkærvej 31 A, Højme 5250 Odense SV
tel: 65957813

Credit rating

Company information

Official name
DANISH AEROSPACE COMPANY A/S
Personnel
24 persons
Established
1988
Domicile
Højme
Company form
Limited company
Industry

About DANISH AEROSPACE COMPANY A/S

DANISH AEROSPACE COMPANY A/S (CVR number: 12424248) is a company from ODENSE. The company reported a net sales of 17.7 mDKK in 2024, demonstrating a decline of -40.4 % compared to the previous year. The operating profit percentage was poor at -20 % (EBIT: -3.5 mDKK), while net earnings were -3877.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was -11.9 %, which can be considered poor and Return on Equity (ROE) was -38.9 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 29.9 %, 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. DANISH AEROSPACE COMPANY A/S's liquidity measured by quick ratio was 1.3 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.

Financial information

See financials

Net sales (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales18 130.0018 619.0029 715.1217 705.91
Gross profit18 130.0018 619.0020 648.7812 190.96
EBIT-2 404.00- 634.004 042.12-3 539.13
Net earnings-2 841.00-1 178.002 019.74-3 877.32
Shareholders equity total11 989.0010 494.0012 051.777 892.83
Balance sheet total (assets)21 385.0017 058.0034 242.2526 384.17
Net debt15 578.4413 126.39
Profitability
EBIT-%-13.3 %-3.4 %13.6 %-20.0 %
ROA-10.1 %-3.3 %10.8 %-11.9 %
ROE-18.2 %-10.5 %16.8 %-38.9 %
ROI-11.0 %-3.3 %12.3 %-13.7 %
Economic value added (EVA)-3 524.70-1 236.45- 527.323 194.64-4 277.61
Solvency
Equity ratio100.0 %100.0 %35.2 %29.9 %
Gearing130.0 %170.1 %
Relative net indebtedness %66.5 %94.6 %
Liquidity
Quick ratio1.61.3
Current ratio1.61.3
Cash and cash equivalents83.51297.38
Capital use efficiency
Trade debtors turnover (days)80.1105.8
Net working capital %36.1 %24.3 %
Credit risk
Credit ratingBBBBBBBAABBB

Variable visualization

ROA:-11.9%
Rating: 8/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:29.9%
Rating: 26/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Chief executive officer

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