FORMAT Copenhagen ApS — Credit Rating and Financial Key Figures

CVR number: 39947390
Artillerivej 90, 2300 København S
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Company information

Official name
FORMAT Copenhagen ApS
Established
2018
Company form
Private limited company
Industry

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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
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 total32.71-0.727.37
Balance sheet total (assets)190.96159.6115.59
Net debt1.98103.875.81
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 ratio17.1 %-0.4 %47.3 %
Gearing483.2 %-20585.5 %111.0 %
Relative net indebtedness %
Liquidity
Quick ratio1.20.61.9
Current ratio1.20.61.9
Cash and cash equivalents156.0743.322.38
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBB

Variable visualization

ROA:-24.2%
Rating: 0/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:47.3%
Rating: 38/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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