GRASVÆRK ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About GRASVÆRK ApS
GRASVÆRK ApS (CVR number: 35654658) is a company from AARHUS. The company recorded a gross profit of 118.1 kDKK in 2023. The operating profit was -397.5 kDKK, while net earnings were -397.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was -144.9 %, which can be considered poor and Return on Equity (ROE) was -187.2 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -42.3 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. GRASVÆRK ApS's liquidity measured by quick ratio was 0.6 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 | |||||
Gross profit | 582.02 | 1 182.70 | 1 546.52 | 1 382.95 | 118.11 |
EBIT | -78.92 | 30.90 | 5.57 | 70.24 | - 397.51 |
Net earnings | -61.72 | 22.31 | 0.57 | 56.06 | - 397.51 |
Shareholders equity total | 244.33 | 266.64 | 267.22 | 323.27 | -74.23 |
Balance sheet total (assets) | 255.87 | 1 002.63 | 1 669.53 | 373.23 | 101.35 |
Net debt | -35.31 | - 764.04 | - 814.44 | - 219.29 | 121.48 |
Profitability | |||||
EBIT-% | |||||
ROA | -19.4 % | 4.9 % | 0.4 % | 6.9 % | -144.9 % |
ROE | -22.4 % | 8.7 % | 0.2 % | 19.0 % | -187.2 % |
ROI | -28.7 % | 12.1 % | 2.1 % | 23.8 % | -172.4 % |
Economic value added (EVA) | -58.92 | 13.68 | 30.56 | 85.99 | - 402.73 |
Solvency | |||||
Equity ratio | 95.5 % | 26.6 % | 16.0 % | 86.6 % | -42.3 % |
Gearing | -185.9 % | ||||
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 19.4 | 1.4 | 1.2 | 7.5 | 0.6 |
Current ratio | 19.4 | 1.4 | 1.2 | 7.5 | 0.6 |
Cash and cash equivalents | 35.31 | 764.04 | 814.44 | 219.29 | 16.52 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BB | BBB | BBB | BB | BB |
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