Circle Line DK ApS — Credit Rating and Financial Key Figures

CVR number: 37056383
Ambolten 1, 6800 Varde

Credit rating

Company information

Official name
Circle Line DK ApS
Established
2015
Company form
Private limited company
Industry

About Circle Line DK ApS

Circle Line DK ApS (CVR number: 37056383) is a company from VARDE. The company recorded a gross profit of 456.7 kDKK in 2024. The operating profit was -146 kDKK, while net earnings were -281.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3.2 %, which can be considered weak but Return on Equity (ROE) was -49.4 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 1.9 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. Circle Line DK ApS's liquidity measured by quick ratio was 1 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit435.72477.54578.83583.67456.75
EBIT-60.33-65.32-44.70-39.85- 145.99
Net earnings1 602.842 117.152 262.91- 371.25- 281.75
Shareholders equity total3 569.105 686.257 949.17710.74428.99
Balance sheet total (assets)8 661.6511 029.2227 595.7221 549.5722 464.01
Net debt3 331.923 328.2119 265.3820 593.8321 869.22
Profitability
EBIT-%
ROA23.2 %23.5 %13.6 %3.2 %3.2 %
ROE57.9 %45.7 %33.2 %-8.6 %-49.4 %
ROI23.2 %23.5 %13.6 %3.2 %3.2 %
Economic value added (EVA)- 387.44- 485.71- 588.67-1 415.71-1 192.32
Solvency
Equity ratio41.2 %51.6 %28.8 %3.3 %1.9 %
Gearing135.4 %89.2 %243.5 %2900.0 %5097.9 %
Relative net indebtedness %
Liquidity
Quick ratio0.60.70.90.91.0
Current ratio0.60.70.90.91.0
Cash and cash equivalents1 499.621 743.7690.9818.00
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBAABBBBBB

Variable visualization

ROA:3.18%
Rating: 36/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:1.91%
Rating: 3/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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