IP DEVELOPMENT ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About IP DEVELOPMENT ApS
IP DEVELOPMENT ApS (CVR number: 83029412) is a company from KØBENHAVN. The company recorded a gross profit of -97.2 kDKK in 2024. The operating profit was -97.2 kDKK, while net earnings were -3215.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 1.6 %, which can be considered weak but Return on Equity (ROE) was -7.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 71.2 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. IP DEVELOPMENT ApS's liquidity measured by quick ratio was 2.6 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 | - 709.05 | - 475.26 | - 235.63 | -1 080.60 | -97.20 |
| EBIT | - 709.05 | - 475.26 | - 235.63 | -1 080.60 | -97.20 |
| Net earnings | 10 902.23 | 2 796.20 | 6 908.07 | 18 408.25 | -3 215.65 |
| Shareholders equity total | 33 439.79 | 36 235.99 | 24 223.47 | 42 631.72 | 42 762.33 |
| Balance sheet total (assets) | 69 569.31 | 50 652.51 | 32 298.78 | 48 111.52 | 60 035.65 |
| Net debt | -6 610.11 | -16 088.97 | 5 985.38 | 1 041.49 | 5 666.17 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 25.1 % | 17.9 % | 25.0 % | 52.7 % | 1.6 % |
| ROE | 39.0 % | 8.0 % | 22.9 % | 55.1 % | -7.5 % |
| ROI | 28.6 % | 19.8 % | 26.6 % | 56.8 % | 1.9 % |
| Economic value added (EVA) | -3 123.38 | -3 457.65 | -2 570.91 | -2 354.10 | -2 303.18 |
| Solvency | |||||
| Equity ratio | 48.1 % | 71.5 % | 75.0 % | 88.6 % | 71.2 % |
| Gearing | 83.7 % | 31.1 % | 25.1 % | 4.0 % | 14.4 % |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 3.7 | 14.9 | 9.3 | 7.5 | 2.6 |
| Current ratio | 3.7 | 14.9 | 9.3 | 7.5 | 2.6 |
| Cash and cash equivalents | 34 599.33 | 27 355.70 | 92.93 | 651.57 | 501.24 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | A | A | A | BBB | BBB |
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