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Credit rating
Company information
About the company
EURO ECONOMICS ApS (CVR number: 32763138K) is a company from KØBENHAVN. The company recorded a gross profit of 18 mDKK in 2022. The operating profit was -2742 kDKK, while net earnings were -15.1 mDKK. The profitability of the company measured by Return on Assets (ROA) was -0.3 %, which can be considered poor and Return on Equity (ROE) was -11.2 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 14.5 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. EURO ECONOMICS ApS's liquidity measured by quick ratio was 0.2 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2018 | 2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 46 203.00 | ||||
Gross profit | 190 117.00 | 25 828.00 | 9 200.00 | 14 695.00 | 17 965.00 |
EBIT | 187 714.00 | 26 316.00 | 52 405.00 | 38 478.00 | -2 742.00 |
Net earnings | 116 737.00 | -7 690.00 | 17 177.00 | 15 874.00 | -15 115.00 |
Shareholders equity total | 116 004.00 | 108 314.00 | 125 490.00 | 142 007.00 | 126 892.00 |
Balance sheet total (assets) | 1 466 958.00 | 1 563 593.00 | 839 847.00 | 900 368.00 | 874 745.00 |
Net debt | 1 230 002.00 | 1 313 949.00 | 647 079.00 | 679 481.00 | 683 832.00 |
Profitability | |||||
EBIT-% | 406.3 % | ||||
ROA | 13.8 % | 1.8 % | 4.6 % | 4.4 % | -0.3 % |
ROE | 17.1 % | -6.9 % | 14.7 % | 11.9 % | -11.2 % |
ROI | 14.1 % | 1.8 % | 4.8 % | 4.6 % | -0.3 % |
Economic value added (EVA) | 115 544.85 | -15 340.56 | 1 827.31 | 8 437.09 | -25 869.77 |
Solvency | |||||
Equity ratio | 7.9 % | 6.9 % | 15.0 % | 15.8 % | 14.5 % |
Gearing | 1066.8 % | 1232.2 % | 516.4 % | 479.3 % | 540.1 % |
Relative net indebtedness % | 2742.1 % | ||||
Liquidity | |||||
Quick ratio | 0.6 | 0.2 | 0.8 | 0.3 | 0.2 |
Current ratio | 0.6 | 0.2 | 0.7 | 0.3 | 0.2 |
Cash and cash equivalents | 7 552.00 | 20 695.00 | 921.00 | 1 224.00 | 1 513.00 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 4.7 | ||||
Net working capital % | -52.6 % | ||||
Credit risk | |||||
Credit rating | A | BBB | A | AA | A |
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