Credit rating
Company information
About X max ApS
X max ApS (CVR number: 41227133) is a company from ODENSE. The company reported a net sales of 10.6 mDKK in 2023, demonstrating a growth of 160 % compared to the previous year. The operating profit percentage was at 13.6 % (EBIT: 1.4 mDKK), while net earnings were 1107.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 52.9 %, which can be considered excellent and Return on Equity (ROE) was 97.7 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 45.7 %, 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. X max ApS's liquidity measured by quick ratio was 1.7 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 financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|
Volume | ||||
Net sales | 1 172.84 | 4 089.22 | 10 633.36 | |
Gross profit | 720.45 | 1 704.62 | 6 129.16 | |
EBIT | 536.07 | 160.13 | 1 444.56 | |
Net earnings | 416.57 | 123.00 | 1 107.94 | |
Shareholders equity total | 40.00 | 456.57 | 579.57 | 1 687.51 |
Balance sheet total (assets) | 40.00 | 619.09 | 1 772.99 | 3 690.27 |
Net debt | -40.00 | -48.94 | - 694.01 | - 650.19 |
Profitability | ||||
EBIT-% | 45.7 % | 3.9 % | 13.6 % | |
ROA | 162.7 % | 13.4 % | 52.9 % | |
ROE | 167.8 % | 23.7 % | 97.7 % | |
ROI | 202.0 % | 29.0 % | 123.7 % | |
Economic value added (EVA) | 418.14 | 106.13 | 1 134.22 | |
Solvency | ||||
Equity ratio | 100.0 % | 73.7 % | 32.7 % | 45.7 % |
Gearing | 7.5 % | 5.9 % | 2.0 % | |
Relative net indebtedness % | 6.8 % | 11.4 % | 12.4 % | |
Liquidity | ||||
Quick ratio | 1.0 | 1.2 | 1.7 | |
Current ratio | 1.0 | 1.2 | 1.7 | |
Cash and cash equivalents | 40.00 | 83.05 | 728.12 | 684.31 |
Capital use efficiency | ||||
Trade debtors turnover (days) | 24.3 | 62.6 | 93.5 | |
Net working capital % | -0.1 % | 5.8 % | 13.2 % | |
Credit risk | ||||
Credit rating | C | B | BB | BB |
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