Credit rating
Company information
About P & G DEVELOPMENT ApS
P & G DEVELOPMENT ApS (CVR number: 29638160) is a company from VEJLE. The company recorded a gross profit of 97.5 kDKK in 2023. The operating profit was 23.6 kDKK, while net earnings were -24.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 1.8 %, which can be considered weak but Return on Equity (ROE) was -1.1 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -17.5 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. P & G DEVELOPMENT ApS's liquidity measured by quick ratio was 0.5 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 59.13 | ||||
Gross profit | 5.14 | 46.16 | 28.58 | 57.69 | 97.48 |
EBIT | -29.42 | 8.04 | -41.92 | -13.01 | 23.60 |
Net earnings | -91.34 | 68.54 | -84.04 | -20.06 | -24.14 |
Shareholders equity total | - 392.11 | - 323.57 | - 407.61 | - 427.67 | - 451.81 |
Balance sheet total (assets) | 1 202.48 | 1 303.07 | 1 903.88 | 2 237.63 | 2 153.72 |
Net debt | 406.30 | 455.02 | - 181.06 | - 506.95 | - 417.76 |
Profitability | |||||
EBIT-% | -49.8 % | ||||
ROA | -2.5 % | 0.5 % | -1.9 % | 1.6 % | 1.8 % |
ROE | -11.4 % | 5.5 % | -5.2 % | -1.0 % | -1.1 % |
ROI | -10.0 % | 1.7 % | -7.7 % | 8.4 % | 10.0 % |
Economic value added (EVA) | -1.35 | 9.68 | -34.50 | 23.88 | 71.89 |
Solvency | |||||
Equity ratio | -24.6 % | -19.9 % | -17.6 % | -16.2 % | -17.5 % |
Gearing | -120.7 % | -147.0 % | -117.1 % | -112.5 % | -106.6 % |
Relative net indebtedness % | 2583.6 % | ||||
Liquidity | |||||
Quick ratio | 0.1 | 0.2 | 0.5 | 0.6 | 0.5 |
Current ratio | 0.2 | 0.3 | 0.5 | 0.5 | 0.5 |
Cash and cash equivalents | 66.98 | 20.49 | 658.36 | 987.97 | 899.43 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | -1792.5 % | ||||
Credit risk | |||||
Credit rating | B | BB | B | B | BB |
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