Credit rating
Company information
About QARSOQ TEGNESTUE ApS
QARSOQ TEGNESTUE ApS (CVR number: 12424159) is a company from SERMERSOOQ. The company reported a net sales of 11.7 mDKK in 2023, demonstrating a decline of -6 % compared to the previous year. The operating profit percentage was at 1.1 % (EBIT: 0.1 mDKK), while net earnings were 118.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 1.6 %, which can be considered weak and Return on Equity (ROE) was 1.9 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 56.6 %, 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. QARSOQ TEGNESTUE ApS's liquidity measured by quick ratio was 4.1 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 financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 16 275.15 | 18 263.85 | 21 555.57 | 12 490.70 | 11 739.53 |
Gross profit | 9 982.43 | 11 967.23 | 11 501.17 | 8 870.49 | 7 478.25 |
EBIT | 1 180.57 | 824.95 | 492.98 | 476.08 | 133.64 |
Net earnings | 799.55 | 552.92 | 263.53 | 434.93 | 118.82 |
Shareholders equity total | 4 848.15 | 5 401.08 | 5 664.61 | 6 099.54 | 6 218.36 |
Balance sheet total (assets) | 12 528.23 | 13 318.47 | 12 485.02 | 11 586.60 | 10 985.50 |
Net debt | 3 458.39 | 5 403.70 | 3 132.40 | 1 916.27 | 1 856.36 |
Profitability | |||||
EBIT-% | 7.3 % | 4.5 % | 2.3 % | 3.8 % | 1.1 % |
ROA | 9.2 % | 6.4 % | 3.9 % | 5.5 % | 1.6 % |
ROE | 18.0 % | 10.8 % | 4.8 % | 7.4 % | 1.9 % |
ROI | 11.7 % | 7.9 % | 4.8 % | 6.7 % | 1.9 % |
Economic value added (EVA) | 415.19 | 233.76 | - 139.64 | -60.69 | - 277.60 |
Solvency | |||||
Equity ratio | 38.7 % | 40.6 % | 45.4 % | 52.6 % | 56.6 % |
Gearing | 101.7 % | 101.4 % | 76.5 % | 59.2 % | 53.7 % |
Relative net indebtedness % | 37.5 % | 42.7 % | 26.1 % | 30.4 % | 28.0 % |
Liquidity | |||||
Quick ratio | 1.9 | 1.8 | 2.2 | 3.3 | 4.1 |
Current ratio | 1.9 | 1.8 | 2.2 | 3.3 | 4.1 |
Cash and cash equivalents | 1 471.03 | 72.82 | 1 202.58 | 1 695.11 | 1 482.85 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 94.8 | 71.3 | 76.5 | 104.5 | 98.4 |
Net working capital % | 17.4 % | 17.1 % | 16.1 % | 34.2 % | 37.8 % |
Credit risk | |||||
Credit rating | A | A | A | A | BBB |
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