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SYSTEM AUDIO A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About SYSTEM AUDIO A/S
SYSTEM AUDIO A/S (CVR number: 13862788) is a company from ROSKILDE. The company recorded a gross profit of -1644 kDKK in 2024. The operating profit was -3623.6 kDKK, while net earnings were -4173.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was -69.7 %, which can be considered poor and Return on Equity (ROE) was -402 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 31.1 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. SYSTEM AUDIO A/S's liquidity measured by quick ratio was 0.7 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 financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | 3 312.67 | 3 027.85 | 1 790.97 | 1 540.47 | -1 643.98 |
| EBIT | 1 327.39 | 792.07 | - 460.50 | - 490.11 | -3 623.58 |
| Net earnings | 837.47 | 354.68 | - 645.13 | - 707.15 | -4 173.50 |
| Shareholders equity total | 1 476.33 | 1 831.00 | 1 185.87 | 478.72 | 1 597.79 |
| Balance sheet total (assets) | 7 536.10 | 8 711.53 | 6 609.61 | 5 264.82 | 5 135.86 |
| Net debt | 4 086.16 | 4 042.77 | 3 962.04 | 3 431.11 | 3 046.37 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 18.8 % | 9.8 % | -6.0 % | -8.3 % | -69.7 % |
| ROE | 79.2 % | 21.4 % | -42.8 % | -85.0 % | -402.0 % |
| ROI | 24.6 % | 13.2 % | -8.0 % | -10.6 % | -84.1 % |
| Economic value added (EVA) | 824.34 | 383.97 | - 672.35 | - 651.08 | -3 894.47 |
| Solvency | |||||
| Equity ratio | 19.6 % | 21.0 % | 17.9 % | 9.1 % | 31.1 % |
| Gearing | 277.2 % | 221.0 % | 338.5 % | 718.2 % | 194.1 % |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 0.2 | 0.1 | 0.1 | 0.1 | 0.7 |
| Current ratio | 1.2 | 1.1 | 1.0 | 0.8 | 6.8 |
| Cash and cash equivalents | 5.63 | 4.51 | 52.18 | 6.86 | 55.46 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BBB | BBB | BB | BBB | BB |
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