SCANDINAVIAN BRAKE SYSTEMS A/S
Credit rating
Company information
70Activities of head offices; management consultancy activities
About the company
SCANDINAVIAN BRAKE SYSTEMS A/S (CVR number: 32774210) is a company from KØBENHAVN. The company reported a net sales of 15.5 mDKK in 2020, demonstrating a decline of -13.9 % compared to the previous year. The operating profit percentage was poor at -39.4 % (EBIT: -6.1 mDKK), while net earnings were -94.4 mDKK. The profitability of the company measured by Return on Assets (ROA) was -0.4 %, which can be considered poor and Return on Equity (ROE) was -75.3 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -11.8 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. SCANDINAVIAN BRAKE SYSTEMS A/S's liquidity measured by quick ratio was 0.1 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.
Financial information
See financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials| 2016 | 2017 | 2018 | 2019 | 2020 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | 23 300.00 | 25 700.00 | 23 200.00 | 18 000.00 | 15 500.00 |
| Gross profit | 13 800.00 | 16 100.00 | 14 300.00 | 11 400.00 | 10 300.00 |
| EBIT | -13 100.00 | -7 500.00 | -6 900.00 | -9 100.00 | -6 100.00 |
| Net earnings | 18 900.00 | -6 800.00 | 2 800.00 | 95 900.00 | -94 400.00 |
| Shareholders equity total | -25 900.00 | -32 000.00 | -28 400.00 | 67 900.00 | -24 500.00 |
| Balance sheet total (assets) | 288 200.00 | 283 200.00 | 291 900.00 | 288 100.00 | 182 800.00 |
| Net debt | 3 100.00 | 2 300.00 | 2 200.00 | 2 200.00 | 8 800.00 |
| Profitability | |||||
| EBIT-% | -56.2 % | -29.2 % | -29.7 % | -50.6 % | -39.4 % |
| ROA | -4.1 % | -1.8 % | -2.0 % | -2.8 % | -0.4 % |
| ROE | 6.6 % | -2.4 % | 1.0 % | 53.3 % | -75.3 % |
| ROI | -6.4 % | -3.1 % | -4.1 % | -5.1 % | -1.1 % |
| Economic value added (EVA) | -9 301.00 | 7 681.60 | 8 919.75 | 3 997.28 | 2 446.15 |
| Solvency | |||||
| Equity ratio | -8.2 % | -10.2 % | -8.9 % | 23.6 % | -11.8 % |
| Gearing | -12.4 % | -7.5 % | -8.1 % | 3.4 % | -35.9 % |
| Relative net indebtedness % | 1347.6 % | 1226.1 % | 1380.2 % | 1222.8 % | 1337.4 % |
| Liquidity | |||||
| Quick ratio | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 |
| Current ratio | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 |
| Cash and cash equivalents | 100.00 | 100.00 | 100.00 | 100.00 | |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | 214.3 | ||||
| Net working capital % | -439.9 % | -554.9 % | -700.9 % | -504.4 % | -524.5 % |
| Credit risk | |||||
| Credit rating | BB | BBB | BB | BB | B |
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