JOAN ØRTING ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About JOAN ØRTING ApS
JOAN ØRTING ApS (CVR number: 29205590) is a company from KØBENHAVN. The company recorded a gross profit of 1568 kDKK in 2024. The operating profit was -1112.5 kDKK, while net earnings were -792.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was -26.6 %, which can be considered poor and Return on Equity (ROE) was -28.6 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 72.5 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. JOAN ØRTING ApS's liquidity measured by quick ratio was 3.6 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 2 972.19 | 2 933.89 | 2 295.51 | 2 282.04 | 1 567.99 |
EBIT | 485.81 | 493.37 | - 359.13 | - 262.32 | -1 112.48 |
Net earnings | 512.63 | 418.85 | - 242.54 | - 112.22 | - 792.40 |
Shareholders equity total | 3 098.17 | 3 517.02 | 3 274.48 | 3 162.26 | 2 369.86 |
Balance sheet total (assets) | 4 608.68 | 4 896.86 | 4 464.60 | 4 225.39 | 3 266.90 |
Net debt | -1 041.10 | - 592.29 | - 672.49 | - 349.05 | - 470.75 |
Profitability | |||||
EBIT-% | |||||
ROA | 12.5 % | 11.8 % | -6.2 % | -2.9 % | -26.6 % |
ROE | 18.0 % | 12.7 % | -7.1 % | -3.5 % | -28.6 % |
ROI | 19.1 % | 16.7 % | -8.5 % | -4.0 % | -35.9 % |
Economic value added (EVA) | 332.74 | 224.71 | - 462.00 | - 375.57 | -1 031.82 |
Solvency | |||||
Equity ratio | 67.2 % | 71.8 % | 73.3 % | 74.8 % | 72.5 % |
Gearing | 0.5 % | 0.0 % | 0.7 % | 0.1 % | |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 3.1 | 3.5 | 3.7 | 3.9 | 3.6 |
Current ratio | 3.1 | 3.5 | 3.8 | 4.0 | 3.6 |
Cash and cash equivalents | 1 041.10 | 611.45 | 673.25 | 371.94 | 472.52 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | BBB | BB | BB | BB |
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