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Hot Air ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Hot Air ApS
Hot Air ApS (CVR number: 37661961) is a company from RINGSTED. The company recorded a gross profit of 7.9 kDKK in 2025. The operating profit was -106.8 kDKK, while net earnings were -106.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was -80.4 %, which can be considered poor and Return on Equity (ROE) was -174.8 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -2503.8 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Hot Air ApS's liquidity measured by quick ratio was 4.2 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 financials2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | - 179.85 | 279.85 | 275.91 | 144.76 | 7.92 |
| EBIT | 45.25 | 28.45 | 14.04 | -54.12 | - 106.82 |
| Net earnings | 45.25 | 28.45 | 14.04 | -53.67 | - 106.80 |
| Shareholders equity total | -9.30 | 19.15 | 32.48 | -21.19 | - 122.34 |
| Balance sheet total (assets) | 178.32 | 272.45 | 151.03 | 101.66 | 20.53 |
| Net debt | - 178.32 | -45.27 | - 151.03 | -19.26 | |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 26.1 % | 12.4 % | 6.6 % | -39.2 % | -80.4 % |
| ROE | 32.0 % | 28.8 % | 54.4 % | -80.0 % | -174.8 % |
| ROI | 297.2 % | 54.4 % | -330.3 % | ||
| Economic value added (EVA) | 47.99 | 28.92 | 13.07 | -55.75 | - 105.76 |
| Solvency | |||||
| Equity ratio | -37.3 % | 11.6 % | 60.5 % | -2503.8 % | |
| Gearing | |||||
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 7.1 | 1.9 | 7.1 | 4.2 | |
| Current ratio | 1.0 | 1.1 | 1.3 | 0.8 | 0.1 |
| Cash and cash equivalents | 178.32 | 45.27 | 151.03 | 19.26 | |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BB | B | BB | B | C |
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