BT DENMARK ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About BT DENMARK ApS
BT DENMARK ApS (CVR number: 24221415) is a company from KØBENHAVN. The company reported a net sales of 36.7 mDKK in 2023, demonstrating a growth of 18.8 % compared to the previous year. The operating profit percentage was at 4.4 % (EBIT: 1.6 mDKK), while net earnings were 823.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 8.6 %, which can be considered good and Return on Equity (ROE) was 11.7 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 35.4 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. BT DENMARK ApS's liquidity measured by quick ratio was 1 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 53.56 | 35.71 | 26.53 | 30.87 | 36.68 |
Gross profit | 6.22 | 5.56 | 3.82 | 4.64 | 6.05 |
EBIT | 2.58 | 2.17 | 1.25 | 1.30 | 1.62 |
Net earnings | 3.67 | 1.91 | 0.67 | 0.79 | 0.82 |
Shareholders equity total | 97.24 | 5.15 | 5.82 | 6.61 | 7.44 |
Balance sheet total (assets) | 103.46 | 11.33 | 13.21 | 16.78 | 20.99 |
Net debt | 2.32 | 0.89 | 1.25 | 3.61 | 10.46 |
Profitability | |||||
EBIT-% | 4.8 % | 6.1 % | 4.7 % | 4.2 % | 4.4 % |
ROA | 2.9 % | 4.7 % | 10.3 % | 8.8 % | 8.6 % |
ROE | 3.8 % | 3.7 % | 12.3 % | 12.7 % | 11.7 % |
ROI | 3.1 % | 5.1 % | 19.2 % | 15.3 % | 11.6 % |
Economic value added (EVA) | -1.39 | -3.19 | 0.71 | 0.63 | 0.93 |
Solvency | |||||
Equity ratio | 94.0 % | 45.5 % | 44.1 % | 39.4 % | 35.4 % |
Gearing | 2.4 % | 17.3 % | 21.5 % | 54.6 % | 140.7 % |
Relative net indebtedness % | 11.6 % | 17.3 % | 27.9 % | 32.9 % | 37.0 % |
Liquidity | |||||
Quick ratio | 15.8 | 1.1 | 1.1 | 0.8 | 1.0 |
Current ratio | 15.8 | 1.1 | 1.1 | 0.8 | 1.0 |
Cash and cash equivalents | 0.00 | ||||
Capital use efficiency | |||||
Trade debtors turnover (days) | 25.4 | 17.3 | 40.4 | 55.3 | 53.5 |
Net working capital % | 171.6 % | 2.0 % | 1.7 % | -5.0 % | 1.1 % |
Credit risk | |||||
Credit rating | A | A | A | AA | A |
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