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Analyst: XBRLDenmark
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Bankruptcy Risk 
2019
2019/12
2020
2020/12
2021
2021/12
2022
2022/12
2023
2023/12
Bankruptcy risk for industry  1.5% 1.5% 1.5% 1.5% 1.5%  
Bankruptcy risk  3.4% 3.8% 2.8% 3.0% 2.9%  
Credit score (0-100)  55 51 58 57 57  
Credit rating  BBB BBB BBB BBB BBB  
Credit limit (kDKK)  0.0 0.0 0.0 0.0 0.0  

How are these values calculated?
 
View the automatically generated explanation of bankruptcy risk

Income statement (kDKK) 
2019
2019/12
2020
2020/12
2021
2021/12
2022
2022/12
2023
2023/12

Net sales  3,906 2,794 2,325 3,817 4,567  
Gross profit  2,273 2,303 1,765 2,470 3,057  
EBITDA  192 132 105 177 192  
EBIT  192 132 105 177 192  
Pre-tax profit (PTP)  190.1 85.6 233.4 418.8 155.7  
Net earnings  145.2 66.0 180.9 326.0 119.8  
Pre-tax profit without non-rec. items  190 85.6 233 419 156  

 
See the entire income statement

Balance sheet (kDKK) 
2019
2019/12
2020
2020/12
2021
2021/12
2022
2022/12
2023
2023/12

Tangible assets total  0.0 0.0 0.0 0.0 0.0  
Shareholders equity total  3,158 3,224 3,405 3,731 3,850  
Interest-bearing liabilities  0.0 0.0 0.0 0.0 0.0  
Balance sheet total (assets)  3,665 3,886 3,896 4,120 4,579  

Net Debt  -2,979 -3,573 -3,052 -2,984 -3,387  
 
See the entire balance sheet

Volume 
2019
2019/12
2020
2020/12
2021
2021/12
2022
2022/12
2023
2023/12

Net sales  3,906 2,794 2,325 3,817 4,567  
Net sales growth  14.3% -28.5% -16.8% 64.2% 19.7%  
Gross profit  2,273 2,303 1,765 2,470 3,057  
Gross profit growth  20.8% 1.3% -23.3% 39.9% 23.8%  
Employees  2 2 2 2 2  
Employee growth %  0.0% 0.0% 0.0% 0.0% 0.0%  
Employee expenses  0.0 0.0 0.0 0.0 0.0  
Balance sheet total (assets)  3,665 3,886 3,896 4,120 4,579  
Balance sheet change%  7.8% 6.0% 0.3% 5.8% 11.1%  
Added value  191.7 131.6 104.8 177.4 192.5  
Added value %  4.9% 4.7% 4.5% 4.6% 4.2%  
Investments  0 0 0 0 0  

Net sales trend  3.0 -1.0 -2.0 1.0 2.0  
EBIT trend  4.0 5.0 5.0 5.0 5.0  

Profitability 
2019
2019/12
2020
2020/12
2021
2021/12
2022
2022/12
2023
2023/12
EBITDA %  4.9% 4.7% 4.5% 4.6% 4.2%  
EBIT %  4.9% 4.7% 4.5% 4.6% 4.2%  
EBIT to gross profit (%)  8.4% 5.7% 5.9% 7.2% 6.3%  
Net Earnings %  3.7% 2.4% 7.8% 8.5% 2.6%  
Profit before depreciation and extraordinary items %  3.7% 2.4% 7.8% 8.5% 2.6%  
Pre tax profit less extraordinaries %  4.9% 3.1% 10.0% 11.0% 3.4%  
ROA %  5.5% 3.7% 9.6% 13.1% 13.3%  
ROI %  6.2% 4.2% 10.7% 14.3% 15.1%  
ROE %  4.7% 2.1% 5.5% 9.1% 3.2%  

Solidity 
2019
2019/12
2020
2020/12
2021
2021/12
2022
2022/12
2023
2023/12
Equity ratio %  86.2% 83.0% 87.4% 90.5% 84.1%  
Relative indebtedness %  13.0% 23.7% 20.4% 9.7% 15.0%  
Relative net indebtedness %  -63.3% -104.2% -110.9% -68.5% -59.1%  
Net int. bear. debt to EBITDA, %  -1,553.8% -2,714.7% -2,913.6% -1,682.3% -1,759.7%  
Gearing %  0.0% 0.0% 0.0% 0.0% 0.0%  
Net interest  0 0 0 0 0  
Financing costs %  0.0% 0.0% 0.0% 0.0% 0.0%  

Liquidity 
2019
2019/12
2020
2020/12
2021
2021/12
2022
2022/12
2023
2023/12
Quick Ratio  8.1 7.8 12.6 11.1 6.6  
Current Ratio  8.1 7.8 12.6 11.1 6.6  
Cash and cash equivalent  2,978.6 3,573.0 3,052.4 2,984.5 3,386.6  

Capital use efficiency 
2019
2019/12
2020
2020/12
2021
2021/12
2022
2022/12
2023
2023/12
Trade debtors turnover (days)  0.0 0.0 0.0 0.0 0.0  
Trade creditors turnover (days)  40.2 66.1 37.0 25.4 36.1  
Current assets / Net sales %  93.3% 138.3% 166.7% 107.4% 99.8%  
Net working capital  3,193.2 3,366.0 3,568.2 3,729.3 3,871.4  
Net working capital %  81.7% 120.5% 153.5% 97.7% 84.8%  

Employee efficiency 
2019
2019/12
2020
2020/12
2021
2021/12
2022
2022/12
2023
2023/12
Net sales / employee  1,953 1,397 1,162 1,908 2,284  
Added value / employee  96 66 52 89 96  
Employee expenses / employee  0 0 0 0 0  
EBITDA / employee  96 66 52 89 96  
EBIT / employee  96 66 52 89 96  
Net earnings / employee  73 33 90 163 60