PALLE IVERSEN A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About PALLE IVERSEN A/S
PALLE IVERSEN A/S (CVR number: 73790212) is a company from VEJLE. The company reported a net sales of 449.7 mDKK in 2023, demonstrating a growth of 3.7 % compared to the previous year. The operating profit percentage was at 5.2 % (EBIT: 23.5 mDKK), while net earnings were 15.9 mDKK. The profitability of the company measured by Return on Assets (ROA) was 11 %, which can be considered good and Return on Equity (ROE) was 12.9 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 53 %, 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. PALLE IVERSEN A/S'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 (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 478.30 | 433.72 | 449.75 | ||
Gross profit | 17.84 | 41.79 | 115.22 | 50.91 | 34.68 |
EBIT | 7.85 | 31.58 | 103.58 | 39.37 | 23.50 |
Net earnings | 4.88 | 23.41 | 80.01 | 30.16 | 15.89 |
Shareholders equity total | 51.08 | 72.04 | 140.34 | 130.51 | 116.24 |
Balance sheet total (assets) | 182.23 | 183.67 | 274.09 | 236.42 | 219.20 |
Net debt | 65.77 | 50.77 | |||
Profitability | |||||
EBIT-% | 21.7 % | 9.1 % | 5.2 % | ||
ROA | 4.8 % | 17.3 % | 45.3 % | 16.2 % | 11.0 % |
ROE | 9.7 % | 38.0 % | 75.3 % | 22.3 % | 12.9 % |
ROI | 5.2 % | 17.3 % | 45.3 % | 17.5 % | 13.1 % |
Economic value added (EVA) | 2.48 | 29.01 | 99.96 | 23.57 | 8.97 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 55.2 % | 53.0 % |
Gearing | 50.4 % | 50.9 % | |||
Relative net indebtedness % | 23.9 % | 20.2 % | |||
Liquidity | |||||
Quick ratio | 2.3 | 2.2 | |||
Current ratio | 4.8 | 5.2 | |||
Cash and cash equivalents | 0.00 | 8.43 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 70.0 | 54.0 | |||
Net working capital % | 41.8 % | 37.4 % | |||
Credit risk | |||||
Credit rating | A | BBB | BBB | A | A |
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