BETTER WORLD ApS — Credit Rating and Financial Key Figures

CVR number: 31476941
Ternevej 1, 6950 Ringkøbing
m.wiegink@live.dk
tel: 21393973

Company information

Official name
BETTER WORLD ApS
Established
2008
Company form
Private limited company
Industry

About BETTER WORLD ApS

BETTER WORLD ApS (CVR number: 31476941) is a company from RINGKØBING-SKJERN. The company recorded a gross profit of 122.1 kDKK in 2023. The operating profit was 57.3 kDKK, while net earnings were 57.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 1.4 %, which can be considered weak and Return on Equity (ROE) was 2.3 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 62 %, 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. BETTER WORLD ApS's liquidity measured by quick ratio was 0.4 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

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit69.1017.52100.71153.93122.07
EBIT15.10-37.3735.9689.1957.33
Net earnings-22.61-30.3227.18114.9757.59
Shareholders equity total2 402.202 371.872 399.052 514.022 571.61
Balance sheet total (assets)3 996.303 967.924 014.554 098.984 148.15
Net debt1 274.301 458.711 334.84981.741 045.58
Profitability
EBIT-%
ROA0.3 %-0.7 %0.9 %2.2 %1.4 %
ROE-0.9 %-1.3 %1.1 %4.7 %2.3 %
ROI0.3 %-0.9 %0.9 %2.2 %1.4 %
Economic value added (EVA)- 101.99- 140.19-90.133.61-44.69
Solvency
Equity ratio60.1 %59.8 %59.8 %61.3 %62.0 %
Gearing62.2 %62.3 %61.6 %58.3 %57.0 %
Relative net indebtedness %
Liquidity
Quick ratio0.20.10.20.30.4
Current ratio0.20.10.20.30.4
Cash and cash equivalents218.8919.89143.76483.89420.05
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingABBBBBBAA

Variable visualization

ROA:1.40%
Rating: 27/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:62.0%
Rating: 48/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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