APPSOLUTIONS ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About APPSOLUTIONS ApS
APPSOLUTIONS ApS (CVR number: 25921631) is a company from RØDOVRE. The company recorded a gross profit of 1927.4 kDKK in 2023. The operating profit was -67.4 kDKK, while net earnings were -57 kDKK. The profitability of the company measured by Return on Assets (ROA) was -6.6 %, which can be considered poor and Return on Equity (ROE) was -11.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 50.9 %, 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. APPSOLUTIONS ApS's liquidity measured by quick ratio was 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 financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 707.31 | 814.78 | 1 341.15 | 2 018.96 | 1 927.42 |
EBIT | -66.94 | 244.39 | 215.02 | 259.68 | -67.42 |
Net earnings | -55.05 | 186.94 | 163.86 | 198.51 | -56.96 |
Shareholders equity total | 51.23 | 238.17 | 402.03 | 543.34 | 427.48 |
Balance sheet total (assets) | 231.33 | 558.16 | 1 087.68 | 1 189.99 | 840.28 |
Net debt | 21.56 | - 114.04 | - 587.17 | - 639.91 | - 411.64 |
Profitability | |||||
EBIT-% | |||||
ROA | -29.6 % | 61.9 % | 26.1 % | 22.8 % | -6.6 % |
ROE | -70.3 % | 129.2 % | 51.2 % | 42.0 % | -11.7 % |
ROI | -53.2 % | 151.9 % | 67.0 % | 53.4 % | -13.1 % |
Economic value added (EVA) | -57.68 | 191.56 | 162.65 | 213.39 | -46.40 |
Solvency | |||||
Equity ratio | 22.1 % | 42.7 % | 37.0 % | 45.7 % | 50.9 % |
Gearing | 59.8 % | 0.7 % | 5.1 % | 6.5 % | |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 1.3 | 1.8 | 1.6 | 1.8 | 2.0 |
Current ratio | 1.3 | 1.8 | 1.6 | 1.8 | 2.0 |
Cash and cash equivalents | 9.05 | 115.76 | 587.17 | 667.66 | 439.53 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BB | BB | BB | BBB | BB |
Variable visualization
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