DET RYTMISKE MUSIKHUS' FOND — Credit Rating and Financial Key Figures
Credit rating
Company information
About DET RYTMISKE MUSIKHUS' FOND
DET RYTMISKE MUSIKHUS' FOND (CVR number: 19233642) is a company from KØBENHAVN. The company reported a net sales of 9.4 mDKK in 2024, demonstrating a growth of 4.8 % compared to the previous year. The operating profit percentage was at 1.1 % (EBIT: 0.1 mDKK), while net earnings were 102.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 1.8 %, which can be considered weak and Return on Equity (ROE) was 3 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 57.8 %, 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. DET RYTMISKE MUSIKHUS' FOND's liquidity measured by quick ratio was 6 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 financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 8 582.28 | 8 818.62 | 8 742.72 | 9 001.14 | 9 431.30 |
Gross profit | 918.63 | 1 046.80 | 262.40 | 320.51 | 311.04 |
EBIT | 204.42 | 130.55 | 53.51 | 111.62 | 102.15 |
Net earnings | 180.02 | 100.43 | 17.57 | 111.62 | 102.15 |
Shareholders equity total | 3 096.70 | 3 197.12 | 3 214.70 | 3 326.32 | 3 428.47 |
Balance sheet total (assets) | 5 866.52 | 5 780.59 | 5 225.92 | 5 480.36 | 5 930.96 |
Net debt | - 649.03 | -1 382.35 | -1 717.42 | -2 005.55 | -2 172.19 |
Profitability | |||||
EBIT-% | 2.4 % | 1.5 % | 0.6 % | 1.2 % | 1.1 % |
ROA | 3.4 % | 2.2 % | 1.0 % | 2.1 % | 1.8 % |
ROE | 5.5 % | 3.2 % | 0.5 % | 3.4 % | 3.0 % |
ROI | 3.4 % | 2.3 % | 1.2 % | 3.4 % | 3.0 % |
Economic value added (EVA) | 75.76 | 7.56 | -2.66 | 36.38 | 35.78 |
Solvency | |||||
Equity ratio | 52.8 % | 55.3 % | 61.5 % | 60.7 % | 57.8 % |
Gearing | 28.1 % | 21.8 % | |||
Relative net indebtedness % | 14.6 % | 5.7 % | 3.4 % | 1.6 % | 3.5 % |
Liquidity | |||||
Quick ratio | 8.5 | 2.6 | 19.6 | 15.4 | 6.0 |
Current ratio | 8.5 | 2.6 | 19.6 | 15.4 | 6.0 |
Cash and cash equivalents | 1 518.06 | 2 079.24 | 1 717.42 | 2 005.55 | 2 172.19 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | 15.6 % | 15.4 % | 18.6 % | 20.8 % | 22.4 % |
Credit risk | |||||
Credit rating | A | A | BBB | BBB | BBB |
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