Icehorse ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Icehorse ApS
Icehorse ApS (CVR number: 38488732) is a company from SKANDERBORG. The company recorded a gross profit of 203.4 kDKK in 2024. The operating profit was -67 kDKK, while net earnings were -54.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was -12.3 %, which can be considered poor and Return on Equity (ROE) was -12.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 74.7 %, 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. Icehorse ApS's liquidity measured by quick ratio was 4 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 | -34.50 | 628.70 | 481.09 | 401.76 | 203.40 |
EBIT | -71.78 | 140.05 | 130.65 | 90.87 | -66.99 |
Net earnings | -82.25 | 104.05 | 114.77 | 100.08 | -54.44 |
Shareholders equity total | 142.79 | 246.84 | 361.61 | 461.68 | 407.24 |
Balance sheet total (assets) | 228.15 | 319.42 | 574.61 | 528.86 | 544.96 |
Net debt | - 124.56 | - 301.07 | - 566.08 | - 518.86 | - 530.10 |
Profitability | |||||
EBIT-% | |||||
ROA | -12.0 % | 51.2 % | 29.3 % | 16.5 % | -12.3 % |
ROE | -44.7 % | 53.4 % | 37.7 % | 24.3 % | -12.5 % |
ROI | -39.0 % | 72.0 % | 43.1 % | 22.1 % | -15.1 % |
Economic value added (EVA) | -88.74 | 101.55 | 102.77 | 82.69 | -78.30 |
Solvency | |||||
Equity ratio | 62.6 % | 77.3 % | 62.9 % | 87.3 % | 74.7 % |
Gearing | |||||
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 2.0 | 4.4 | 2.7 | 7.9 | 4.0 |
Current ratio | 2.7 | 4.4 | 2.7 | 7.9 | 4.0 |
Cash and cash equivalents | 124.56 | 301.07 | 566.08 | 518.86 | 530.10 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | B | BB | BB | BB | B |
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