ARENA ASSENS FONDEN
Credit rating
Company information
About ARENA ASSENS FONDEN
ARENA ASSENS FONDEN (CVR number: 32283845) is a company from ASSENS. The company reported a net sales of 7.6 mDKK in 2023, demonstrating a growth of 13 % compared to the previous year. The operating profit percentage was at 8.4 % (EBIT: 0.6 mDKK), while net earnings were 124.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 1.1 %, which can be considered weak and Return on Equity (ROE) was 0.4 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 57.9 %, 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. ARENA ASSENS FONDEN's liquidity measured by quick ratio was 1.2 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 7 587.00 | 6 668.00 | 6 261.00 | 6 738.35 | 7 615.70 |
Gross profit | 4 851.00 | 4 582.00 | 5 033.00 | 4 540.61 | 5 048.92 |
EBIT | 49.00 | 640.00 | 1 132.00 | 720.45 | 640.00 |
Net earnings | - 950.00 | -15.00 | 542.00 | 162.86 | 124.91 |
Shareholders equity total | 33 160.00 | 33 145.00 | 33 687.00 | 33 849.43 | 33 974.34 |
Balance sheet total (assets) | 62 608.00 | 61 634.00 | 60 409.00 | 59 029.74 | 58 674.06 |
Net debt | 27 724.00 | 25 932.00 | 24 776.00 | 23 904.61 | 20 506.15 |
Profitability | |||||
EBIT-% | 0.6 % | 9.6 % | 18.1 % | 10.7 % | 8.4 % |
ROA | 0.1 % | 1.0 % | 1.9 % | 1.2 % | 1.1 % |
ROE | -2.8 % | -0.0 % | 1.6 % | 0.5 % | 0.4 % |
ROI | 0.1 % | 1.0 % | 1.9 % | 1.2 % | 1.1 % |
Economic value added (EVA) | -3 110.67 | -2 348.97 | -1 768.28 | -2 148.32 | -2 192.53 |
Solvency | |||||
Equity ratio | 53.0 % | 53.8 % | 55.8 % | 57.3 % | 57.9 % |
Gearing | 86.4 % | 82.2 % | 76.9 % | 72.4 % | 68.1 % |
Relative net indebtedness % | 375.8 % | 407.4 % | 408.6 % | 364.5 % | 281.9 % |
Liquidity | |||||
Quick ratio | 0.6 | 0.6 | 0.8 | 0.8 | 1.2 |
Current ratio | 0.6 | 0.7 | 0.8 | 0.8 | 1.2 |
Cash and cash equivalents | 934.00 | 1 324.00 | 1 120.00 | 618.82 | 2 631.95 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 12.7 | 3.6 | 1.7 | 4.7 | 4.5 |
Net working capital % | -10.5 % | -13.5 % | -5.6 % | -5.0 % | 5.5 % |
Credit risk | |||||
Credit rating | BBB | A | AA | A | A |
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