Credit rating
Company information
About Olsens Polering ApS
Olsens Polering ApS (CVR number: 39409135) is a company from NÆSTVED. The company recorded a gross profit of 979.1 kDKK in 2023. The operating profit was -19.9 kDKK, while net earnings were -23 kDKK. The profitability of the company measured by Return on Assets (ROA) was -7.6 %, which can be considered poor and Return on Equity (ROE) was -16.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -11.9 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Olsens Polering ApS's liquidity measured by quick ratio was 0.6 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 217.20 | 618.02 | |||
Gross profit | 56.42 | 184.72 | 1 014.53 | 979.11 | |
EBIT | 18.97 | -52.28 | - 307.36 | 8.94 | -19.93 |
Net earnings | 18.97 | -52.37 | 33.33 | 9.33 | -23.05 |
Shareholders equity total | 56.82 | 2.89 | 35.82 | 45.13 | -31.71 |
Balance sheet total (assets) | 79.50 | 134.78 | 141.20 | 199.41 | 233.87 |
Net debt | -54.69 | -48.26 | -55.90 | - 108.85 | -66.26 |
Profitability | |||||
EBIT-% | 8.7 % | -8.5 % | |||
ROA | 29.1 % | -48.7 % | -222.3 % | 5.8 % | -7.6 % |
ROE | 40.1 % | -175.4 % | 172.2 % | 23.0 % | -16.5 % |
ROI | 40.1 % | -174.8 % | -1584.8 % | 24.2 % | -53.6 % |
Economic value added (EVA) | 17.42 | -52.39 | - 304.82 | 9.95 | -16.73 |
Solvency | |||||
Equity ratio | 71.5 % | 2.1 % | 25.4 % | 22.6 % | -11.9 % |
Gearing | -65.6 % | ||||
Relative net indebtedness % | -14.7 % | 13.5 % | |||
Liquidity | |||||
Quick ratio | 3.0 | 0.7 | 1.0 | 1.0 | 0.6 |
Current ratio | 3.0 | 0.7 | 1.0 | 1.0 | 0.6 |
Cash and cash equivalents | 54.69 | 48.26 | 55.90 | 108.85 | 87.06 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 23.7 | 28.1 | |||
Net working capital % | 21.2 % | -5.8 % | |||
Credit risk | |||||
Credit rating | B | C | B | B | B |
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