PRIMAVERA MUSIC A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About PRIMAVERA MUSIC A/S
PRIMAVERA MUSIC A/S (CVR number: 15498587) is a company from Høje-Taastrup. The company recorded a gross profit of 60.2 kDKK in 2023. The operating profit was 51.2 kDKK, while net earnings were -85.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 4 %, which can be considered decent but Return on Equity (ROE) was -8.2 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 76.3 %, 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. PRIMAVERA MUSIC A/S's liquidity measured by quick ratio was 1.7 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 financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 20.74 | 42.06 | 38.66 | 50.50 | 60.20 |
EBIT | 14.74 | 36.06 | 29.66 | 41.50 | 51.20 |
Net earnings | 202.96 | - 125.86 | 162.71 | -78.47 | -85.16 |
Shareholders equity total | 1 302.09 | 1 116.23 | 1 218.94 | 1 080.47 | 995.31 |
Balance sheet total (assets) | 1 387.31 | 1 201.72 | 1 553.12 | 1 422.14 | 1 303.99 |
Net debt | - 855.13 | - 671.73 | - 719.27 | - 596.88 | - 512.25 |
Profitability | |||||
EBIT-% | |||||
ROA | 20.7 % | 2.9 % | 13.3 % | 2.9 % | 4.0 % |
ROE | 16.6 % | -10.4 % | 13.9 % | -6.8 % | -8.2 % |
ROI | 21.8 % | 3.1 % | 15.7 % | 3.8 % | 5.3 % |
Economic value added (EVA) | -14.05 | 18.95 | 4.77 | 16.39 | 26.90 |
Solvency | |||||
Equity ratio | 93.9 % | 92.9 % | 78.5 % | 76.0 % | 76.3 % |
Gearing | |||||
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 10.3 | 8.2 | 2.2 | 1.8 | 1.7 |
Current ratio | 10.3 | 8.2 | 2.2 | 1.8 | 1.7 |
Cash and cash equivalents | 855.13 | 671.73 | 719.27 | 596.88 | 512.25 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | BBB | A | BBB | BBB |
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