Credit rating
Company information
About ET TRADE ApS
ET TRADE ApS (CVR number: 12689349) is a company from GULDBORGSUND. The company reported a net sales of 0.6 mDKK in 2023, demonstrating a decline of -13.8 % compared to the previous year. The operating profit percentage was at 0.5 % (EBIT: 0 mDKK), while net earnings were -3.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 0.7 %, which can be considered weak but Return on Equity (ROE) was -1.4 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 32.4 %, 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. ET TRADE ApS's liquidity measured by quick ratio was 1.5 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 financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 738.35 | 774.22 | 876.40 | 705.31 | 607.85 |
Gross profit | 738.35 | 774.22 | 847.29 | 705.31 | 607.85 |
EBIT | 33.90 | 95.98 | 48.10 | 84.78 | 2.80 |
Net earnings | 25.11 | 71.93 | 34.23 | 60.15 | -3.20 |
Shareholders equity total | 200.23 | 200.16 | 200.39 | 260.54 | 197.34 |
Balance sheet total (assets) | 501.93 | 542.25 | 522.37 | 709.54 | 609.78 |
Net debt | - 225.12 | - 339.61 | - 288.12 | - 351.96 | - 120.64 |
Profitability | |||||
EBIT-% | 4.6 % | 12.4 % | 5.5 % | 12.0 % | 0.5 % |
ROA | 7.6 % | 18.4 % | 9.0 % | 13.8 % | 0.7 % |
ROE | 12.5 % | 35.9 % | 17.1 % | 26.1 % | -1.4 % |
ROI | 14.5 % | 38.6 % | 15.1 % | 17.8 % | 0.9 % |
Economic value added (EVA) | 27.66 | 78.33 | 47.51 | 78.05 | 22.96 |
Solvency | |||||
Equity ratio | 39.9 % | 36.9 % | 38.4 % | 36.7 % | 32.4 % |
Gearing | 20.4 % | 27.8 % | 91.0 % | 118.7 % | 164.9 % |
Relative net indebtedness % | 4.9 % | -6.9 % | -16.9 % | -30.1 % | -5.5 % |
Liquidity | |||||
Quick ratio | 1.4 | 1.4 | 1.5 | 1.5 | 1.5 |
Current ratio | 1.4 | 1.4 | 1.5 | 1.5 | 1.5 |
Cash and cash equivalents | 265.88 | 395.34 | 470.49 | 661.19 | 446.13 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 6.1 | ||||
Net working capital % | 15.9 % | 17.8 % | 17.5 % | 32.0 % | 31.6 % |
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BBB | BBB |
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