AG Development A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About AG Development A/S
AG Development A/S (CVR number: 26868866) is a company from ODENSE. The company recorded a gross profit of 44.4 mDKK in 2024. The operating profit was -12.8 mDKK, while net earnings were -18.9 mDKK. The profitability of the company measured by Return on Assets (ROA) was -1.2 %, which can be considered poor and Return on Equity (ROE) was -23.3 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 27.7 %, 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. AG Development A/S's liquidity measured by quick ratio was 0.7 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 34 997.03 | 45 322.30 | 48 738.30 | 45 390.63 | 44 419.15 |
EBIT | -17 425.11 | -8 968.44 | -13 709.33 | -12 106.69 | -12 828.87 |
Net earnings | 7 380.38 | 14 504.20 | 9 312.68 | -1 292.97 | -18 901.60 |
Shareholders equity total | 100 793.26 | 115 297.46 | 91 946.44 | 90 653.48 | 71 751.88 |
Balance sheet total (assets) | 242 561.08 | 302 922.57 | 373 473.19 | 479 180.27 | 259 181.60 |
Net debt | 106 292.72 | 162 422.25 | 206 279.40 | 356 672.80 | 164 340.79 |
Profitability | |||||
EBIT-% | |||||
ROA | 3.3 % | 5.6 % | 3.5 % | 3.0 % | -1.2 % |
ROE | 6.6 % | 13.4 % | 9.0 % | -1.4 % | -23.3 % |
ROI | 4.0 % | 6.1 % | 3.7 % | 3.1 % | -1.3 % |
Economic value added (EVA) | -15 575.33 | -8 411.94 | -12 024.22 | -8 351.57 | -4 615.09 |
Solvency | |||||
Equity ratio | 41.6 % | 38.1 % | 24.6 % | 18.9 % | 27.7 % |
Gearing | 116.1 % | 143.1 % | 283.8 % | 406.9 % | 231.0 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 1.0 | 0.9 | 0.8 | 0.7 | 0.7 |
Current ratio | 1.1 | 1.0 | 0.9 | 0.7 | 0.8 |
Cash and cash equivalents | 10 696.05 | 2 604.49 | 54 674.31 | 12 167.21 | 1 415.61 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | A | A | A | BBB | BBB |
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