Fonden Kunsthal Spritten - Center for Contemporary Art — Credit Rating and Financial Key Figures

CVR number: 39732785
C.A. Olesens Gade 4, 9000 Aalborg
info@kunsthalspritten.dk
tel: 77339000
www.kunsthalspritten.dk

Credit rating

Company information

Official name
Fonden Kunsthal Spritten - Center for Contemporary Art
Personnel
4 persons
Established
2018
Industry

About Fonden Kunsthal Spritten - Center for Contemporary Art

Fonden Kunsthal Spritten - Center for Contemporary Art (CVR number: 39732785) is a company from AALBORG. The company recorded a gross profit of 4470.6 kDKK in 2024. The operating profit was 2438.2 kDKK, while net earnings were 2604.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 25.9 %, which can be considered excellent and Return on Equity (ROE) was 35.7 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 61.7 %, 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. Fonden Kunsthal Spritten - Center for Contemporary Art's liquidity measured by quick ratio was 2.6 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 financials

Net sales (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales3 000.003 030.003 891.00
Gross profit2 187.001 587.002 094.004 175.394 470.61
EBIT1 441.00480.00467.002 709.162 438.16
Net earnings1 427.00451.00439.002 768.312 604.66
Shareholders equity total2 326.002 777.003 216.005 983.848 588.51
Balance sheet total (assets)3 200.004 253.003 720.006 176.2613 920.55
Net debt-3 140.00-4 113.00-3 700.00-6 122.94-13 701.99
Profitability
EBIT-%48.0 %15.8 %12.0 %
ROA62.2 %12.9 %11.7 %55.9 %25.9 %
ROE88.5 %17.7 %14.7 %60.2 %35.7 %
ROI89.4 %18.8 %15.6 %60.1 %35.7 %
Economic value added (EVA)1 395.83363.12327.462 547.552 137.00
Solvency
Equity ratio72.7 %65.3 %86.5 %96.9 %61.7 %
Gearing0.2 %0.1 %
Relative net indebtedness %-75.5 %-87.0 %-82.1 %
Liquidity
Quick ratio3.72.97.431.92.6
Current ratio3.72.97.431.92.6
Cash and cash equivalents3 140.004 113.003 700.006 132.3513 714.04
Capital use efficiency
Trade debtors turnover (days)
Net working capital %77.5 %91.3 %82.4 %
Credit risk
Credit ratingBBBAABBBBBB

Variable visualization

ROA:25.9%
Rating: 81/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:61.7%
Rating: 48/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Board member
Chief executive officer
Chief executive officer
Board member

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