1STMOVERS ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About 1STMOVERS ApS
1STMOVERS ApS (CVR number: 34480311) is a company from KØBENHAVN. The company reported a net sales of 136.1 mDKK in 2023, demonstrating a growth of 12 % compared to the previous year. The operating profit percentage was at 12.3 % (EBIT: 16.8 mDKK), while net earnings were 7929.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 16.8 %, which can be considered excellent and Return on Equity (ROE) was 23.7 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 62.6 %, 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. 1STMOVERS ApS's liquidity measured by quick ratio was 1.6 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 financials2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | 121 542.29 | 136 142.77 | |||
| Gross profit | 6 926.36 | 8 217.11 | 13 696.97 | 27 970.95 | 36 197.69 |
| EBIT | 5 478.52 | 5 881.52 | 10 926.77 | 10 390.73 | 16 778.86 |
| Net earnings | 4 894.45 | 8 341.84 | 9 328.73 | 42 919.12 | 7 929.82 |
| Shareholders equity total | 4 037.60 | 9 769.44 | 12 793.18 | 48 859.80 | 45 245.60 |
| Balance sheet total (assets) | 6 656.34 | 13 781.16 | 17 426.17 | 68 230.87 | 72 229.47 |
| Net debt | -3 053.46 | -4 543.06 | -5 623.14 | -17 316.68 | -17 701.12 |
| Profitability | |||||
| EBIT-% | 8.5 % | 12.3 % | |||
| ROA | 86.0 % | 95.0 % | 75.8 % | 106.5 % | 16.8 % |
| ROE | 154.6 % | 120.8 % | 82.7 % | 180.1 % | 23.7 % |
| ROI | 181.0 % | 140.4 % | 104.8 % | 145.9 % | 24.6 % |
| Economic value added (EVA) | 4 457.11 | 4 675.75 | 8 683.92 | 8 002.22 | 13 161.38 |
| Solvency | |||||
| Equity ratio | 60.7 % | 70.9 % | 73.4 % | 71.6 % | 62.6 % |
| Gearing | 0.4 % | 0.5 % | 1.4 % | ||
| Relative net indebtedness % | 1.0 % | 6.0 % | |||
| Liquidity | |||||
| Quick ratio | 1.9 | 2.1 | 2.8 | 1.7 | 1.6 |
| Current ratio | 1.9 | 2.1 | 2.8 | 1.7 | 1.6 |
| Cash and cash equivalents | 3 069.80 | 4 543.06 | 5 623.14 | 17 578.84 | 18 340.10 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | 42.0 | 57.3 | |||
| Net working capital % | 11.5 % | 12.0 % | |||
| Credit risk | |||||
| Credit rating | BBB | BBB | BBB | A | AA |
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