AFFORD ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About AFFORD ApS
AFFORD ApS (CVR number: 37369195) is a company from KØBENHAVN. The company reported a net sales of 0.3 mDKK in 2023, demonstrating a growth of 110.4 % compared to the previous year. The operating profit percentage was at 54.3 % (EBIT: 0.2 mDKK), while net earnings were 122.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 90.9 %, which can be considered excellent and Return on Equity (ROE) was 98.9 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 56.4 %, 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. AFFORD ApS's liquidity measured by quick ratio was 2.2 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 (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 565.24 | 1 085.37 | 701.97 | 137.83 | 290.00 |
Gross profit | 126.51 | 53.95 | 103.50 | 78.64 | 159.54 |
EBIT | 119.66 | 48.81 | 99.65 | 75.75 | 157.37 |
Net earnings | 92.55 | 37.39 | 73.55 | 56.56 | 122.91 |
Shareholders equity total | 4.51 | 41.90 | 84.25 | 140.81 | 107.73 |
Balance sheet total (assets) | 158.36 | 73.91 | 113.75 | 155.29 | 191.04 |
Net debt | -88.19 | -24.55 | -87.28 | - 130.92 | - 169.63 |
Profitability | |||||
EBIT-% | 21.2 % | 4.5 % | 14.2 % | 55.0 % | 54.3 % |
ROA | 80.6 % | 42.0 % | 106.2 % | 56.3 % | 90.9 % |
ROE | 255.4 % | 161.1 % | 116.6 % | 50.3 % | 98.9 % |
ROI | 233.6 % | 159.0 % | 158.0 % | 67.3 % | 126.6 % |
Economic value added (EVA) | 94.29 | 43.04 | 74.33 | 57.53 | 122.60 |
Solvency | |||||
Equity ratio | 2.8 % | 56.7 % | 74.1 % | 90.7 % | 56.4 % |
Gearing | 332.7 % | ||||
Relative net indebtedness % | 9.0 % | 0.7 % | -8.2 % | -84.5 % | -29.8 % |
Liquidity | |||||
Quick ratio | 0.9 | 1.2 | 3.5 | 10.1 | 2.2 |
Current ratio | 0.9 | 1.8 | 3.5 | 10.1 | 2.2 |
Cash and cash equivalents | 103.19 | 24.55 | 87.28 | 130.92 | 169.63 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | -2.8 % | 2.4 % | 10.4 % | 95.9 % | 34.9 % |
Credit risk | |||||
Credit rating | BB | B | B | BB | BB |
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