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MUSIC BUILDING A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About MUSIC BUILDING A/S
MUSIC BUILDING A/S (CVR number: 13828199) is a company from KØBENHAVN. The company recorded a gross profit of 244 kDKK in 2024. The operating profit was -2385.5 kDKK, while net earnings were -1083.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was -16.1 %, which can be considered poor and Return on Equity (ROE) was -8.4 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 92.3 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. MUSIC BUILDING A/S's liquidity measured by quick ratio was 5.9 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | 20 563.84 | -2 202.37 | 323.52 | 0.34 | 243.97 |
| EBIT | 20 087.63 | -3 202.08 | 217.03 | - 422.38 | -2 385.52 |
| Net earnings | 15 327.43 | -3 397.81 | 200.71 | - 651.43 | -1 083.64 |
| Shareholders equity total | 17 311.73 | 13 913.92 | 14 114.63 | 13 463.19 | 12 379.56 |
| Balance sheet total (assets) | 26 523.18 | 21 799.04 | 16 784.75 | 16 276.36 | 13 409.42 |
| Net debt | -12 028.86 | -7 135.81 | -1 506.88 | - 948.47 | -52.17 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 91.1 % | -13.2 % | 1.1 % | -2.6 % | -16.1 % |
| ROE | 158.9 % | -21.8 % | 1.4 % | -4.7 % | -8.4 % |
| ROI | 109.3 % | -17.3 % | 1.3 % | -2.7 % | -17.2 % |
| Economic value added (EVA) | 14 944.65 | -4 208.09 | - 561.64 | -1 210.93 | -2 450.04 |
| Solvency | |||||
| Equity ratio | 65.3 % | 63.8 % | 84.1 % | 82.7 % | 92.3 % |
| Gearing | 7.9 % | 1.8 % | 1.7 % | 1.9 % | 2.1 % |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 2.8 | 2.4 | 14.1 | 5.5 | 5.9 |
| Current ratio | 2.8 | 2.4 | 14.1 | 5.5 | 5.9 |
| Cash and cash equivalents | 13 400.00 | 7 380.37 | 1 747.58 | 1 199.17 | 310.40 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BBB | BB | BBB | BBB | BBB |
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