ALERIS ALUMINUM DENMARK ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About ALERIS ALUMINUM DENMARK ApS
ALERIS ALUMINUM DENMARK ApS (CVR number: 29609365) is a company from MIDDELFART. The company reported a net sales of 1.5 mDKK in 2020, demonstrating a decline of -17.8 % compared to the previous year. The operating profit percentage was at 2.1 % (EBIT: 0 mDKK), while net earnings were 10.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 4.4 %, which can be considered decent but Return on Equity (ROE) was 3.5 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 53.9 %, 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. ALERIS ALUMINUM DENMARK ApS's liquidity measured by quick ratio was 2.2 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 (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2016 | 2017 | 2018 | 2019 | 2020 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 1 701.86 | 1 734.19 | 1 821.66 | 1 794.57 | 1 475.82 |
Gross profit | 1 340.64 | 1 346.42 | 1 415.72 | 1 440.71 | 1 201.63 |
EBIT | 70.62 | 55.46 | 53.58 | 133.72 | 30.79 |
Net earnings | 43.01 | 32.56 | 30.13 | 92.95 | 10.94 |
Shareholders equity total | 753.33 | 785.89 | 816.02 | 308.97 | 319.91 |
Balance sheet total (assets) | 1 166.52 | 1 217.82 | 1 316.44 | 807.92 | 593.22 |
Net debt | - 770.76 | - 778.66 | -1 091.95 | - 675.04 | - 544.41 |
Profitability | |||||
EBIT-% | 4.1 % | 3.2 % | 2.9 % | 7.5 % | 2.1 % |
ROA | 6.1 % | 4.7 % | 4.2 % | 12.6 % | 4.4 % |
ROE | 5.7 % | 4.2 % | 3.8 % | 16.5 % | 3.5 % |
ROI | 9.4 % | 7.2 % | 6.7 % | 22.4 % | 9.0 % |
Economic value added (EVA) | 53.80 | 42.87 | 40.06 | 117.70 | 42.38 |
Solvency | |||||
Equity ratio | 64.6 % | 64.5 % | 62.0 % | 38.2 % | 53.9 % |
Gearing | |||||
Relative net indebtedness % | -21.0 % | -20.0 % | -32.9 % | -10.0 % | -18.4 % |
Liquidity | |||||
Quick ratio | 2.8 | 2.8 | 2.7 | 1.8 | 2.2 |
Current ratio | 2.8 | 2.8 | 2.7 | 1.8 | 2.2 |
Cash and cash equivalents | 770.76 | 778.66 | 1 091.95 | 675.04 | 544.41 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | 44.3 % | 45.3 % | 45.2 % | 20.5 % | 21.7 % |
Credit risk | |||||
Credit rating | BB | BB | BB | BB | BB |
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