FORMAT Copenhagen ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About FORMAT Copenhagen ApS
FORMAT Copenhagen ApS (CVR number: 39947390) is a company from KØBENHAVN. The company recorded a gross profit of -21.3 kDKK in 2021. The operating profit was -21.3 kDKK, while net earnings were -21.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was -24.2 %, which can be considered poor and Return on Equity (ROE) was -25.6 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 47.3 %, 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. FORMAT Copenhagen ApS's liquidity measured by quick ratio was 1.9 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | |
|---|---|---|---|
| Volume | |||
| Net sales | |||
| Gross profit | -21.15 | -42.07 | -21.26 |
| EBIT | -21.15 | -42.07 | -21.26 |
| Net earnings | -17.29 | -33.42 | -21.34 |
| Shareholders equity total | 32.71 | -0.72 | 7.37 |
| Balance sheet total (assets) | 190.96 | 159.61 | 15.59 |
| Net debt | 1.98 | 103.87 | 5.81 |
| Profitability | |||
| EBIT-% | |||
| ROA | -11.1 % | -24.0 % | -24.2 % |
| ROE | -52.9 % | -34.8 % | -25.6 % |
| ROI | -11.1 % | -24.9 % | -26.1 % |
| Economic value added (EVA) | -17.29 | -26.90 | -16.03 |
| Solvency | |||
| Equity ratio | 17.1 % | -0.4 % | 47.3 % |
| Gearing | 483.2 % | -20585.5 % | 111.0 % |
| Relative net indebtedness % | |||
| Liquidity | |||
| Quick ratio | 1.2 | 0.6 | 1.9 |
| Current ratio | 1.2 | 0.6 | 1.9 |
| Cash and cash equivalents | 156.07 | 43.32 | 2.38 |
| Capital use efficiency | |||
| Trade debtors turnover (days) | |||
| Net working capital % | |||
| Credit risk | |||
| Credit rating | BB | BB | BB |
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