COPENHAGEN MUSIC CENTER ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About COPENHAGEN MUSIC CENTER ApS
COPENHAGEN MUSIC CENTER ApS (CVR number: 28852002) is a company from KØBENHAVN. The company recorded a gross profit of 1074.8 kDKK in 2023. The operating profit was -100.5 kDKK, while net earnings were -77.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was -6.9 %, which can be considered poor and Return on Equity (ROE) was -23.1 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 23 %, 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. COPENHAGEN MUSIC CENTER 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 | |||||
Gross profit | 1 468.37 | 1 487.15 | 1 684.36 | 1 435.40 | 1 074.76 |
EBIT | 221.29 | -52.44 | 353.53 | 86.95 | - 100.48 |
Net earnings | 82.25 | - 122.54 | 197.82 | -12.81 | -77.81 |
Shareholders equity total | 313.86 | 191.32 | 389.14 | 376.33 | 298.52 |
Balance sheet total (assets) | 2 872.80 | 2 903.23 | 2 678.08 | 1 598.83 | 1 297.58 |
Net debt | 1 587.11 | 1 439.02 | 1 231.69 | 219.29 | 706.37 |
Profitability | |||||
EBIT-% | |||||
ROA | 7.2 % | -1.8 % | 12.7 % | 4.1 % | -6.9 % |
ROE | 30.2 % | -48.5 % | 68.2 % | -3.3 % | -23.1 % |
ROI | 8.5 % | -2.2 % | 15.6 % | 4.9 % | -8.7 % |
Economic value added (EVA) | 91.09 | - 123.89 | 207.87 | 0.82 | -66.59 |
Solvency | |||||
Equity ratio | 10.9 % | 6.6 % | 14.5 % | 23.5 % | 23.0 % |
Gearing | 692.5 % | 1071.0 % | 484.8 % | 220.6 % | 252.8 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 2.1 | 1.7 | 2.4 | 0.6 | 0.6 |
Current ratio | 2.1 | 1.7 | 2.4 | 0.6 | 0.6 |
Cash and cash equivalents | 586.51 | 609.99 | 654.88 | 610.85 | 48.24 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BBB | BBB |
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