DEME Offshore DK A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About DEME Offshore DK A/S
DEME Offshore DK A/S (CVR number: 25490339) is a company from FREDERICIA. The company reported a net sales of 982.5 mDKK in 2023, demonstrating a growth of 106.4 % compared to the previous year. The operating profit percentage was at 13.4 % (EBIT: 131.9 mDKK), while net earnings were 149.2 mDKK. The profitability of the company measured by Return on Assets (ROA) was 7.5 %, which can be considered decent and Return on Equity (ROE) was 7.8 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 91.6 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. DEME Offshore DK A/S's liquidity measured by quick ratio was 2.4 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 | 573.79 | 555.26 | 782.46 | 475.97 | 982.45 |
Gross profit | 573.79 | 555.26 | 782.46 | 301.92 | 344.75 |
EBIT | 127.84 | 110.27 | 103.01 | 64.02 | 131.89 |
Net earnings | 126.07 | 108.80 | 105.69 | 64.31 | 149.17 |
Shareholders equity total | 1 830.45 | 1 939.10 | 2 044.22 | 2 024.96 | 1 796.23 |
Balance sheet total (assets) | 1 945.28 | 2 031.75 | 2 124.61 | 2 194.71 | 1 960.57 |
Net debt | 29.39 | 109.23 | |||
Profitability | |||||
EBIT-% | 22.3 % | 19.9 % | 13.2 % | 13.5 % | 13.4 % |
ROA | 5.9 % | 5.5 % | 5.0 % | 3.1 % | 7.5 % |
ROE | 6.1 % | 5.8 % | 5.3 % | 3.2 % | 7.8 % |
ROI | 5.9 % | 5.5 % | 5.0 % | 3.2 % | 7.8 % |
Economic value added (EVA) | 12.25 | 18.29 | 5.57 | -38.68 | 29.21 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 92.3 % | 91.6 % |
Gearing | 1.5 % | 6.1 % | |||
Relative net indebtedness % | 35.7 % | 16.7 % | |||
Liquidity | |||||
Quick ratio | 5.7 | 2.4 | |||
Current ratio | 5.9 | 2.4 | |||
Cash and cash equivalents | 0.02 | 0.01 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 64.5 | 2.9 | |||
Net working capital % | 173.4 % | 22.9 % | |||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | AAA | AAA |
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