Ege Carpets A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Ege Carpets A/S
Ege Carpets A/S (CVR number: 38454218K) is a company from HERNING. The company reported a net sales of 1117.2 mDKK in 2024, demonstrating a decline of -7.4 % compared to the previous year. The operating profit percentage was at 3.3 % (EBIT: 36.5 mDKK), while net earnings were 18.4 mDKK. The profitability of the company measured by Return on Assets (ROA) was 4 %, which can be considered decent but Return on Equity (ROE) was 3.8 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 51.7 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. Ege Carpets 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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 1 085.31 | 1 163.44 | 1 206.25 | 1 117.17 | |
Gross profit | 419.99 | 427.50 | 449.94 | 433.13 | |
EBIT | 14.00 | 19.71 | 57.01 | 69.81 | 36.53 |
Net earnings | -2.42 | 37.65 | 43.27 | 18.40 | |
Shareholders equity total | 432.40 | 430.71 | 455.29 | 479.36 | 478.84 |
Balance sheet total (assets) | 1 014.00 | 960.26 | 959.97 | 968.69 | 933.81 |
Net debt | -51.03 | 244.35 | 208.64 | 170.55 | 183.30 |
Profitability | |||||
EBIT-% | 1.8 % | 4.9 % | 5.8 % | 3.3 % | |
ROA | 1.3 % | 2.0 % | 5.9 % | 7.3 % | 4.0 % |
ROE | -0.6 % | 8.5 % | 9.3 % | 3.8 % | |
ROI | 1.3 % | 2.3 % | 8.1 % | 10.2 % | 5.6 % |
Economic value added (EVA) | -14.83 | -7.73 | 7.57 | 13.98 | -11.18 |
Solvency | |||||
Equity ratio | 100.0 % | 44.9 % | 48.1 % | 50.0 % | 51.7 % |
Gearing | 62.8 % | 54.1 % | 43.3 % | 45.0 % | |
Relative net indebtedness % | 46.4 % | 40.1 % | 37.5 % | 37.9 % | |
Liquidity | |||||
Quick ratio | 0.6 | 0.8 | 0.8 | 0.7 | |
Current ratio | 1.6 | 1.8 | 1.8 | 1.9 | |
Cash and cash equivalents | 51.03 | 26.17 | 37.67 | 37.01 | 31.98 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 41.7 | 45.2 | 47.0 | 41.6 | |
Net working capital % | 16.9 % | 19.7 % | 19.5 % | 22.3 % | |
Credit risk | |||||
Credit rating | BBB | AA | AAA | AAA | AAA |
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