FONDEN MARITIMT KULTURCENTER MARIAGERFJORD — Credit Rating and Financial Key Figures

CVR number: 36461128
Skibsgade 35, 9500 Hobro
joergen@basballe.com

Credit rating

Company information

Official name
FONDEN MARITIMT KULTURCENTER MARIAGERFJORD
Established
2014
Industry

About FONDEN MARITIMT KULTURCENTER MARIAGERFJORD

FONDEN MARITIMT KULTURCENTER MARIAGERFJORD (CVR number: 36461128) is a company from MARIAGERFJORD. The company reported a net sales of 0.6 mDKK in 2023, demonstrating a growth of 1.9 % compared to the previous year. The operating profit percentage was at 8.5 % (EBIT: 0 mDKK), while net earnings were 39.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 0.3 %, which can be considered weak but Return on Equity (ROE) was 6.1 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 4.2 %, 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. FONDEN MARITIMT KULTURCENTER MARIAGERFJORD's liquidity measured by quick ratio was 0.2 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

Net sales (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales561.00568.00572.00578.75590.00
Gross profit1 202.501 439.221 199.101 176.011 272.62
EBIT60.0956.8060.8041.8149.87
Net earnings45.7543.5346.0331.5039.06
Shareholders equity total499.53543.06589.09620.59659.65
Balance sheet total (assets)19 984.0318 881.8917 808.9416 677.4915 570.41
Net debt1 150.101 176.461 048.511 049.441 035.00
Profitability
EBIT-%10.7 %10.0 %10.6 %7.2 %8.5 %
ROA0.3 %0.3 %0.3 %0.2 %0.3 %
ROE9.6 %8.4 %8.1 %5.2 %6.1 %
ROI3.5 %3.2 %3.3 %2.2 %2.6 %
Economic value added (EVA)24.1820.5120.139.4214.08
Solvency
Equity ratio2.5 %2.9 %3.3 %3.7 %4.2 %
Gearing235.4 %216.6 %199.6 %189.5 %178.3 %
Relative net indebtedness %3458.0 %3216.1 %2973.4 %2736.4 %2485.7 %
Liquidity
Quick ratio0.10.10.10.10.2
Current ratio0.10.10.10.10.2
Cash and cash equivalents25.99127.57126.65141.09
Capital use efficiency
Trade debtors turnover (days)
Net working capital %-201.8 %-195.5 %-190.4 %-188.4 %-183.4 %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:0.31%
Rating: 22/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:4.24%
Rating: 5/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Board member
Chairman of the board
Board member
Board member
Board member

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