ADDING ENGINEERING A/S — Credit Rating and Financial Key Figures

CVR number: 32348955
Gasværksvej 24, 9000 Aalborg

Company information

Official name
ADDING ENGINEERING A/S
Personnel
78 persons
Established
2012
Company form
Limited company
Industry

About ADDING ENGINEERING A/S

ADDING ENGINEERING A/S (CVR number: 32348955) is a company from AALBORG. The company recorded a gross profit of 71.2 mDKK in 2024. The operating profit was 13.2 mDKK, while net earnings were 10.4 mDKK. The profitability of the company measured by Return on Assets (ROA) was 66.1 %, which can be considered excellent and Return on Equity (ROE) was 354.3 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 9 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. ADDING ENGINEERING A/S's liquidity measured by quick ratio was 1.1 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit21 866.8326 294.9237 078.6751 078.3971 173.36
EBIT5 178.686 482.139 042.9910 341.0713 219.61
Net earnings4 009.085 067.917 009.528 056.4110 357.49
Shareholders equity total1 110.941 978.852 188.373 744.792 102.28
Balance sheet total (assets)9 260.088 257.179 466.5916 829.9023 414.19
Net debt-2 374.1219.58511.31968.076 804.13
Profitability
EBIT-%
ROA61.9 %74.4 %102.0 %78.7 %66.1 %
ROE245.7 %328.0 %336.4 %271.6 %354.3 %
ROI196.9 %212.4 %226.9 %201.7 %152.9 %
Economic value added (EVA)4 096.965 122.706 955.167 782.259 947.82
Solvency
Equity ratio12.0 %24.0 %23.1 %22.3 %9.0 %
Gearing5.7 %4.5 %96.2 %57.6 %438.2 %
Relative net indebtedness %
Liquidity
Quick ratio1.31.71.21.21.1
Current ratio1.31.71.21.21.1
Cash and cash equivalents2 437.4169.061 593.261 189.122 407.01
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBB

Variable visualization

ROA:66.1%
Rating: 100/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:8.98%
Rating: 9/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Board member

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