Credit rating
Company information
About Bifrost Motors ApS
Bifrost Motors ApS (CVR number: 12925123) is a company from QEQQATA. The company recorded a gross profit of 743.1 kDKK in 2023. The operating profit was 435.1 kDKK, while net earnings were 320.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 20.2 %, which can be considered excellent and Return on Equity (ROE) was 17.6 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at -10 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Bifrost Motors ApS's liquidity measured by quick ratio was 0.4 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 270.64 | 231.59 | 571.55 | - 883.94 | 743.08 |
EBIT | 270.64 | 131.60 | 340.20 | -1 150.59 | 435.06 |
Net earnings | 153.20 | 61.44 | 180.35 | -1 232.23 | 320.51 |
Shareholders equity total | 497.98 | 559.42 | 739.77 | - 492.46 | - 171.95 |
Balance sheet total (assets) | 1 774.83 | 2 717.60 | 2 713.27 | 2 097.54 | 1 547.36 |
Net debt | 585.07 | 1 576.36 | 831.50 | 1 482.35 | 1 030.27 |
Profitability | |||||
EBIT-% | |||||
ROA | 14.8 % | 6.0 % | 12.5 % | -43.4 % | 20.2 % |
ROE | 36.4 % | 11.6 % | 27.8 % | -86.9 % | 17.6 % |
ROI | 21.9 % | 8.4 % | 18.3 % | -75.3 % | 34.6 % |
Economic value added (EVA) | 167.26 | 68.10 | 180.43 | -1 222.25 | 452.73 |
Solvency | |||||
Equity ratio | 28.1 % | 22.2 % | 35.0 % | -23.2 % | -10.0 % |
Gearing | 117.5 % | 281.8 % | 112.4 % | -301.0 % | -599.2 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 0.2 | 0.6 | 0.4 | 0.3 | 0.4 |
Current ratio | 1.4 | 2.0 | 2.1 | 0.8 | 1.2 |
Cash and cash equivalents | |||||
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BB | B | BB | B | BB |
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