AAGE BANGS FOND — Credit Rating and Financial Key Figures
Credit rating
Company information
About AAGE BANGS FOND
AAGE BANGS FOND (CVR number: 17176811) is a company from KØBENHAVN. The company reported a net sales of 8.2 mDKK in 2023, demonstrating a growth of 89.4 % compared to the previous year. The operating profit percentage was at 448.5 % (EBIT: 36.7 mDKK), while net earnings were 35.2 mDKK. The profitability of the company measured by Return on Assets (ROA) was 17.2 %, which can be considered excellent and Return on Equity (ROE) was 24.2 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 54.8 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. AAGE BANGS FOND's liquidity measured by quick ratio was 7.2 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 financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 5 098.17 | 445.24 | 2 134.69 | 4 323.92 | 8 189.05 |
Gross profit | 2 231.88 | -2 030.54 | -2 002.54 | - 758.65 | 5 118.02 |
EBIT | - 459.58 | 2 888.42 | -6 686.84 | -4 478.90 | 36 725.98 |
Net earnings | - 710.64 | 22 981.91 | -1 222.35 | -2 592.23 | 35 218.58 |
Shareholders equity total | 117 947.64 | 138 147.50 | 133 997.04 | 128 397.48 | 162 708.85 |
Balance sheet total (assets) | 191 316.93 | 247 768.64 | 255 312.76 | 258 377.35 | 300 419.12 |
Net debt | -14 228.55 | -10 906.34 | 30 923.99 | 38 003.65 | 28 051.80 |
Profitability | |||||
EBIT-% | -9.0 % | 648.7 % | -313.2 % | -103.6 % | 448.5 % |
ROA | 5.8 % | 13.4 % | -0.5 % | -0.9 % | 17.2 % |
ROE | -0.6 % | 17.9 % | -0.9 % | -2.0 % | 24.2 % |
ROI | 6.0 % | 14.0 % | -0.5 % | -0.9 % | 17.7 % |
Economic value added (EVA) | -4 322.53 | -2 659.62 | -10 869.18 | -10 854.17 | 21 435.87 |
Solvency | |||||
Equity ratio | 62.5 % | 56.3 % | 53.1 % | 50.3 % | 54.8 % |
Gearing | 32.6 % | 47.5 % | 60.2 % | 69.6 % | 53.7 % |
Relative net indebtedness % | -147.3 % | -209.3 % | 1815.9 % | 1088.5 % | 452.8 % |
Liquidity | |||||
Quick ratio | 9.0 | 8.3 | 4.8 | 2.3 | 7.2 |
Current ratio | 6.4 | 6.6 | 3.9 | 2.1 | 5.2 |
Cash and cash equivalents | 52 683.02 | 76 545.39 | 49 750.94 | 51 300.53 | 59 270.29 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | -14.8 % | -362.5 % | -190.7 % | -370.1 % | -18.6 % |
Credit risk | |||||
Credit rating | A | AA | A | A | AAA |
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