THE CHANGE GROUP DENMARK ApS

CVR number: 15688408
Østergade 1, 1100 København K
ivana.gligorijevic@changegroup.com
tel: 33115550

Credit rating

Company information

Official name
THE CHANGE GROUP DENMARK ApS
Personnel
9 persons
Established
1991
Company form
Private limited company
Industry
  • Expand more icon66Activities auxiliary to financial services and insurance activities

About THE CHANGE GROUP DENMARK ApS

THE CHANGE GROUP DENMARK ApS (CVR number: 15688408) is a company from KØBENHAVN. The company recorded a gross profit of 6758.1 kDKK in 2023. The operating profit was 3750.1 kDKK, while net earnings were 3748.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 28.7 %, which can be considered excellent and Return on Equity (ROE) was 35 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 82.6 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. THE CHANGE GROUP DENMARK ApS's liquidity measured by quick ratio was 3.2 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
20192020202120222023
Volume
Net sales
Gross profit4 917.98185.103 720.603 464.156 758.13
EBIT-2 961.27-5 904.22931.19532.683 750.06
Net earnings-4 301.63-7 052.95-1 191.33336.313 748.80
Shareholders equity total16 801.778 964.477 963.608 914.2312 477.09
Balance sheet total (assets)19 279.0813 996.2712 677.8912 018.8215 098.51
Net debt-4 155.07- 163.44-64.24-1 637.99-2 448.23
Profitability
EBIT-%
ROA-13.5 %-41.2 %-6.6 %4.7 %28.7 %
ROE-38.8 %-54.7 %-14.1 %4.0 %35.0 %
ROI-14.7 %-45.5 %-7.6 %5.4 %32.5 %
Economic value added (EVA)-2 417.11-6 056.64966.81552.473 764.86
Solvency
Equity ratio87.2 %64.0 %62.8 %74.2 %82.6 %
Gearing5.8 %29.0 %37.7 %18.1 %7.7 %
Relative net indebtedness %
Liquidity
Quick ratio3.71.41.41.73.2
Current ratio3.71.41.41.73.2
Cash and cash equivalents5 127.062 763.533 067.063 251.113 414.33
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBA

Variable visualization

ROA:28.7%
Rating: 83/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:82.6%
Rating: 62/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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