SOFTWARE IMPROVEMENT GROUP - NORDIC ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About SOFTWARE IMPROVEMENT GROUP - NORDIC ApS
SOFTWARE IMPROVEMENT GROUP - NORDIC ApS (CVR number: 32675123) is a company from KØBENHAVN. The company reported a net sales of 1.4 mEUR in 2023, demonstrating a decline of -12.7 % compared to the previous year. The operating profit percentage was poor at -16.1 % (EBIT: -0.2 mEUR), while net earnings were -178.8 kEUR. The profitability of the company measured by Return on Assets (ROA) was -12.9 %, which can be considered poor and Return on Equity (ROE) was -16 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 57.2 %, 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. SOFTWARE IMPROVEMENT GROUP - NORDIC ApS's liquidity measured by quick ratio was 2.3 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 (kEUR)
EBIT (kEUR)
Profitability
Solidity
Key figures (kEUR)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 1 704.53 | 2 296.26 | 1 603.05 | 1 399.15 | |
Gross profit | 1 301.95 | 1 176.08 | 1 308.26 | 949.54 | 809.70 |
EBIT | 633.27 | 656.76 | 505.35 | 79.56 | - 225.25 |
Net earnings | 516.64 | 529.13 | 385.88 | 51.31 | - 178.84 |
Shareholders equity total | 490.57 | 1 019.70 | 1 405.58 | 1 456.89 | 778.05 |
Balance sheet total (assets) | 973.25 | 1 482.67 | 1 857.34 | 2 119.25 | 1 361.09 |
Net debt | - 229.70 | - 983.36 | -1 460.04 | - 726.44 | - 443.48 |
Profitability | |||||
EBIT-% | 38.5 % | 22.0 % | 5.0 % | -16.1 % | |
ROA | 79.1 % | 54.4 % | 30.4 % | 4.2 % | -12.9 % |
ROE | 94.0 % | 70.1 % | 31.8 % | 3.6 % | -16.0 % |
ROI | 168.0 % | 88.4 % | 41.8 % | 4.9 % | -15.1 % |
Economic value added (EVA) | 518.66 | 498.74 | 389.64 | 62.15 | - 189.49 |
Solvency | |||||
Equity ratio | 50.4 % | 68.8 % | 75.7 % | 68.7 % | 57.2 % |
Gearing | 0.2 % | 0.0 % | 0.2 % | 33.8 % | 33.2 % |
Relative net indebtedness % | -30.5 % | -44.0 % | -34.7 % | -8.5 % | |
Liquidity | |||||
Quick ratio | 2.0 | 3.2 | 4.1 | 3.2 | 2.3 |
Current ratio | 2.0 | 3.2 | 4.1 | 3.2 | 2.3 |
Cash and cash equivalents | 230.50 | 983.38 | 1 462.49 | 1 218.86 | 702.17 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 37.1 | 35.6 | 31.0 | 48.1 | |
Net working capital % | 58.9 % | 60.6 % | 90.0 % | 54.9 % | |
Credit risk | |||||
Credit rating | BB | BBB | A | BBB | BBB |
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