29.02.2024 A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About 29.02.2024 A/S
29.02.2024 A/S (CVR number: 18487233) is a company from SVENDBORG. The company recorded a gross profit of 1308.7 kDKK in 2024. The operating profit was 112.9 kDKK, while net earnings were -8.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3.4 %, which can be considered weak but Return on Equity (ROE) was -1.6 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 54.7 %, 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. 29.02.2024 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 8 588.19 | 8 227.74 | 13 944.00 | 4 320.95 | 1 308.68 |
EBIT | -3 496.85 | -3 103.94 | 2 329.62 | -2 642.94 | 112.88 |
Net earnings | -5 253.71 | -2 938.36 | 3 071.21 | -2 277.57 | -8.68 |
Shareholders equity total | -2 312.90 | - 251.25 | 2 819.96 | 542.39 | 533.71 |
Balance sheet total (assets) | 36 916.35 | 30 643.01 | 17 169.66 | 6 227.09 | 976.13 |
Net debt | 32 128.46 | 27 085.62 | 9 215.08 | 5 218.24 | -49.24 |
Profitability | |||||
EBIT-% | |||||
ROA | -9.0 % | -8.9 % | 11.2 % | -21.6 % | 3.4 % |
ROE | -27.8 % | -8.7 % | 18.4 % | -135.5 % | -1.6 % |
ROI | -10.8 % | -10.3 % | 13.6 % | -28.2 % | 3.7 % |
Economic value added (EVA) | -4 633.74 | -2 747.39 | 2 713.92 | -2 324.00 | 53.73 |
Solvency | |||||
Equity ratio | -5.9 % | -0.8 % | 16.4 % | 8.7 % | 54.7 % |
Gearing | -1399.9 % | -10812.4 % | 329.8 % | 965.2 % | 77.3 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 0.3 | 0.4 | 0.8 | 0.4 | 2.2 |
Current ratio | 0.3 | 0.5 | 1.0 | 0.5 | 2.2 |
Cash and cash equivalents | 249.39 | 81.00 | 84.42 | 16.74 | 461.79 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BB | BBB | A | BB | BB |
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