STATE OF ART SCANDINAVIA A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About STATE OF ART SCANDINAVIA A/S
STATE OF ART SCANDINAVIA A/S (CVR number: 30731913) is a company from VEJLE. The company recorded a gross profit of 0 kDKK in 2024. The operating profit was -148.2 kDKK, while net earnings were -140.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was -7.5 %, which can be considered poor and Return on Equity (ROE) was -7.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 98.2 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. STATE OF ART SCANDINAVIA A/S's liquidity measured by quick ratio was 54.3 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 | - 104.72 | - 109.82 | |||
EBIT | - 104.72 | - 110.08 | -91.54 | - 100.97 | - 148.18 |
Net earnings | - 108.06 | - 178.14 | - 159.30 | - 135.99 | - 140.64 |
Shareholders equity total | 2 291.90 | 2 190.67 | 2 031.37 | 1 895.38 | 1 754.75 |
Balance sheet total (assets) | 2 348.58 | 2 253.60 | 2 060.05 | 1 947.18 | 1 787.69 |
Net debt | -28.75 | -51.33 | - 520.83 | - 576.92 | -25.94 |
Profitability | |||||
EBIT-% | |||||
ROA | -3.8 % | -7.7 % | -7.2 % | -6.4 % | -7.5 % |
ROE | -4.5 % | -7.9 % | -7.5 % | -6.9 % | -7.7 % |
ROI | -3.9 % | -7.9 % | -7.4 % | -6.6 % | -7.7 % |
Economic value added (EVA) | - 230.76 | - 225.24 | - 201.62 | - 203.04 | - 243.98 |
Solvency | |||||
Equity ratio | 97.6 % | 97.2 % | 98.6 % | 97.3 % | 98.2 % |
Gearing | 0.6 % | ||||
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 14.6 | 11.5 | 70.8 | 37.6 | 54.3 |
Current ratio | 14.6 | 11.5 | 70.8 | 37.6 | 54.3 |
Cash and cash equivalents | 28.75 | 51.33 | 520.83 | 587.97 | 25.94 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | BB | BBB | BBB | BB |
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