Credit rating
Company information
About CYGNET ApS
CYGNET ApS (CVR number: 32292542) is a company from HILLERØD. The company recorded a gross profit of -35.4 kDKK in 2023. The operating profit was -35.4 kDKK, while net earnings were 168.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 20 %, which can be considered excellent and Return on Equity (ROE) was 25.8 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 79.7 %, 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. CYGNET ApS's liquidity measured by quick ratio was 4.8 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 financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 45.57 | - 352.70 | 54.16 | -33.22 | -35.41 |
EBIT | 14.94 | - 343.35 | 54.16 | -33.22 | -35.41 |
Net earnings | 6.86 | - 228.07 | 94.83 | -99.43 | 168.42 |
Shareholders equity total | 1 082.55 | 743.88 | 725.71 | 626.27 | 676.90 |
Balance sheet total (assets) | 1 158.99 | 855.10 | 848.16 | 707.63 | 849.82 |
Net debt | - 673.47 | - 758.92 | - 680.80 | - 585.92 | - 641.28 |
Profitability | |||||
EBIT-% | |||||
ROA | 1.1 % | -19.4 % | 11.5 % | -4.3 % | 20.0 % |
ROE | 0.6 % | -25.0 % | 12.9 % | -14.7 % | 25.8 % |
ROI | 1.3 % | -20.2 % | 12.2 % | -4.4 % | 20.6 % |
Economic value added (EVA) | -0.68 | - 409.52 | 57.58 | -31.06 | -40.57 |
Solvency | |||||
Equity ratio | 93.4 % | 87.0 % | 85.6 % | 88.5 % | 79.7 % |
Gearing | 4.7 % | 7.1 % | 12.1 % | 11.7 % | 20.6 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 14.4 | 2.2 | 6.8 | 8.5 | 4.8 |
Current ratio | 14.4 | 2.2 | 6.8 | 8.5 | 4.8 |
Cash and cash equivalents | 724.52 | 812.02 | 768.74 | 659.23 | 780.97 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BB | B | BB | BB | BB |
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