CREATE IT REAL A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About CREATE IT REAL A/S
CREATE IT REAL A/S (CVR number: 31944155) is a company from AALBORG. The company recorded a gross profit of 2281.4 kDKK in 2023. The operating profit was -5945.3 kDKK, while net earnings were -6972.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was -28.5 %, which can be considered poor and Return on Equity (ROE) was -59.4 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 78.3 %, 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. CREATE IT REAL A/S's liquidity measured by quick ratio was 1.5 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 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 821.00 | - 118.83 | 907.26 | -56.84 | 2 281.39 |
EBIT | -2 382.66 | -2 838.22 | -5 841.16 | -5 228.59 | -5 945.31 |
Net earnings | -1 859.16 | -2 225.52 | -6 834.53 | -5 640.28 | -6 972.93 |
Shareholders equity total | 4 798.91 | 15 207.55 | 8 373.03 | 5 232.74 | -1 740.19 |
Balance sheet total (assets) | 7 007.05 | 31 234.47 | 24 799.90 | 21 561.13 | 18 256.49 |
Net debt | - 253.29 | -6 320.70 | 10 477.35 | 8 176.23 | 16 852.80 |
Profitability | |||||
EBIT-% | |||||
ROA | -30.8 % | -14.8 % | -20.7 % | -22.4 % | -28.5 % |
ROE | -32.5 % | -22.2 % | -58.0 % | -82.9 % | -59.4 % |
ROI | -40.8 % | -16.7 % | -22.3 % | -24.2 % | -31.1 % |
Economic value added (EVA) | -1 899.36 | -2 057.97 | -5 606.03 | -4 851.16 | -5 110.52 |
Solvency | |||||
Equity ratio | 68.5 % | 91.5 % | 90.4 % | 92.8 % | 78.3 % |
Gearing | 87.9 % | 168.7 % | 282.2 % | -1044.0 % | |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 1.1 | 10.8 | 8.0 | 4.8 | 1.5 |
Current ratio | 1.1 | 10.8 | 8.2 | 5.0 | 1.7 |
Cash and cash equivalents | 253.29 | 19 685.38 | 3 644.19 | 6 591.82 | 1 315.15 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BB | BB |
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