Fonden Democracy x — Credit Rating and Financial Key Figures
Credit rating
Company information
About Fonden Democracy x
Fonden Democracy x (CVR number: 34577358) is a company from KØBENHAVN. The company reported a net sales of 37 mDKK in 2024, demonstrating a decline of -13.3 % compared to the previous year. The operating profit percentage was poor at -5.4 % (EBIT: -2 mDKK), while net earnings were -1576.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was -12.8 %, which can be considered poor and Return on Equity (ROE) was -43.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 44.4 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. Fonden Democracy x's liquidity measured by quick ratio was 3.9 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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 20.90 | 26.06 | 28.61 | 42.66 | 36.98 |
Gross profit | 17.52 | 22.63 | 23.74 | 32.84 | 26.72 |
EBIT | 1.47 | 1.47 | -0.30 | 0.30 | -2.00 |
Net earnings | 1.04 | 0.97 | -0.36 | 0.26 | -1.58 |
Shareholders equity total | 3.54 | 4.51 | 4.15 | 4.41 | 2.84 |
Balance sheet total (assets) | 28.02 | 23.56 | 22.15 | 16.93 | 13.88 |
Net debt | -23.87 | -13.23 | -14.79 | -3.17 | -3.94 |
Profitability | |||||
EBIT-% | 7.0 % | 5.6 % | -1.1 % | 0.7 % | -5.4 % |
ROA | 7.0 % | 5.7 % | -1.3 % | 1.9 % | -12.8 % |
ROE | 34.3 % | 24.1 % | -8.3 % | 6.1 % | -43.5 % |
ROI | 40.6 % | 30.4 % | -5.5 % | 7.3 % | -45.4 % |
Economic value added (EVA) | 1.00 | 0.94 | -0.51 | -0.02 | -1.83 |
Solvency | |||||
Equity ratio | 48.8 % | 58.0 % | 61.1 % | 50.6 % | 44.4 % |
Gearing | 0.5 % | ||||
Relative net indebtedness % | -0.4 % | 18.7 % | 8.2 % | 19.7 % | 17.9 % |
Liquidity | |||||
Quick ratio | 9.2 | 10.1 | 12.3 | 4.7 | 3.9 |
Current ratio | 1.2 | 1.3 | 1.3 | 1.4 | 1.2 |
Cash and cash equivalents | 23.87 | 13.23 | 14.79 | 3.19 | 3.94 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 1.5 | 2.1 | 36.9 | 25.1 | 12.8 |
Net working capital % | -13.8 % | 20.3 % | 17.0 % | 10.3 % | 4.3 % |
Credit risk | |||||
Credit rating | A | A | BBB | A | BBB |
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