FORÅRSVEJ 94, AALBORG ApS — Credit Rating and Financial Key Figures

CVR number: 31188229
Forårsvej 94, 9220 Aalborg Øst

Company information

Official name
FORÅRSVEJ 94, AALBORG ApS
Established
2008
Company form
Private limited company
Industry

About FORÅRSVEJ 94, AALBORG ApS

FORÅRSVEJ 94, AALBORG ApS (CVR number: 31188229) is a company from AALBORG. The company recorded a gross profit of 374.7 kDKK in 2023. The operating profit was 333.7 kDKK, while net earnings were 84.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 7 %, which can be considered decent and Return on Equity (ROE) was 6.3 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 20.2 %, 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. FORÅRSVEJ 94, AALBORG ApS's liquidity measured by quick ratio was 0 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.

Financial information

See financials

Net sales (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales497.45513.36511.78
Gross profit413.95368.51378.79334.21374.73
EBIT393.95350.51368.79265.21333.73
Net earnings114.6890.31120.7126.3984.37
Shareholders equity total1 066.671 156.981 277.691 304.081 388.45
Balance sheet total (assets)7 030.556 959.296 896.196 833.186 884.49
Net debt5 824.385 616.855 462.595 342.395 230.09
Profitability
EBIT-%79.2 %68.3 %72.1 %
ROA5.5 %5.0 %5.3 %3.9 %7.0 %
ROE11.4 %8.1 %9.9 %2.0 %6.3 %
ROI5.6 %5.1 %5.4 %3.9 %7.1 %
Economic value added (EVA)68.3048.5585.36-9.2575.99
Solvency
Equity ratio15.2 %16.6 %18.5 %19.1 %20.2 %
Gearing549.0 %486.8 %428.1 %411.0 %380.6 %
Relative net indebtedness %1179.0 %1114.5 %1083.7 %
Liquidity
Quick ratio0.00.00.00.00.0
Current ratio0.00.00.00.00.0
Cash and cash equivalents31.3015.417.5317.8554.99
Capital use efficiency
Trade debtors turnover (days)41.313.3
Net working capital %-472.8 %-544.5 %-565.8 %
Credit risk
Credit ratingAAAAA

Variable visualization

ROA:6.99%
Rating: 49/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:20.2%
Rating: 19/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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