Arctineering IVS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Arctineering IVS
Arctineering IVS (CVR number: 40714723) is a company from SERMERSOOQ. The company reported a net sales of 0 mDKK in 2023, demonstrating a decline of -50.9 % compared to the previous year. The operating profit percentage was at 91 % (EBIT: 0 mDKK), while net earnings were 17.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 37 %, which can be considered excellent and Return on Equity (ROE) was 39.6 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 71 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. Arctineering IVS's liquidity measured by quick ratio was 3.4 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 financials2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|
Volume | ||||
Net sales | 143.80 | 51.64 | 25.38 | |
Gross profit | 95.45 | 30.38 | 23.09 | |
EBIT | 48.50 | -17.74 | 15.54 | 23.09 |
Net earnings | 36.03 | -12.44 | 11.66 | 17.32 |
Shareholders equity total | 53.03 | 35.30 | 34.94 | 52.46 |
Balance sheet total (assets) | 104.67 | 86.94 | 50.84 | 73.93 |
Net debt | -53.03 | -35.30 | -50.84 | -73.93 |
Profitability | ||||
EBIT-% | 33.7 % | 30.1 % | 91.0 % | |
ROA | 46.3 % | -18.5 % | 22.6 % | 37.0 % |
ROE | 67.9 % | -28.2 % | 33.2 % | 39.6 % |
ROI | 46.3 % | -18.5 % | 25.5 % | 52.8 % |
Economic value added (EVA) | 36.37 | -9.84 | 16.66 | 19.03 |
Solvency | ||||
Equity ratio | 50.7 % | 40.6 % | 68.7 % | 71.0 % |
Gearing | 97.4 % | 146.3 % | ||
Relative net indebtedness % | -36.9 % | -67.7 % | -206.7 % | |
Liquidity | ||||
Quick ratio | 2.0 | 1.7 | 3.2 | 3.4 |
Current ratio | 2.0 | 1.7 | 3.2 | 3.4 |
Cash and cash equivalents | 104.67 | 86.94 | 50.84 | 73.93 |
Capital use efficiency | ||||
Trade debtors turnover (days) | ||||
Net working capital % | 36.9 % | 67.7 % | 206.7 % | |
Credit risk | ||||
Credit rating | B | BB | B | BB |
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