Degn Aars ApS — Credit Rating and Financial Key Figures

CVR number: 37751170
Højtoften 53, 9600 Aars
degnpeter@gmail.com

Company information

Official name
Degn Aars ApS
Established
2016
Company form
Private limited company
Industry

About Degn Aars ApS

Degn Aars ApS (CVR number: 37751170) is a company from VESTHIMMERLANDS. The company recorded a gross profit of 353 kDKK in 2023. The operating profit was 301.8 kDKK, while net earnings were 0.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 6.3 %, which can be considered decent but Return on Equity (ROE) was 0.2 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 3.7 %, 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. Degn Aars ApS's liquidity measured by quick ratio was 0 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit214.83170.40273.63298.55353.01
EBIT171.61125.00227.95252.49301.80
Net earnings33.53-15.4767.2048.650.38
Shareholders equity total93.8978.42145.62194.27194.65
Balance sheet total (assets)4 454.194 375.614 329.944 341.365 221.81
Net debt2 593.682 468.692 240.452 069.552 516.34
Profitability
EBIT-%
ROA4.7 %2.8 %5.2 %5.8 %6.3 %
ROE43.5 %-18.0 %60.0 %28.6 %0.2 %
ROI8.4 %4.8 %9.2 %10.9 %12.1 %
Economic value added (EVA)36.99-24.5444.8952.58106.87
Solvency
Equity ratio2.1 %1.8 %3.4 %4.5 %3.7 %
Gearing2762.6 %3148.1 %1538.5 %1065.3 %1300.0 %
Relative net indebtedness %
Liquidity
Quick ratio0.0
Current ratio0.00.0
Cash and cash equivalents14.14
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAAAA

Variable visualization

ROA:6.31%
Rating: 47/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:3.73%
Rating: 4/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer
Chief executive officer

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