Grevinge Auto-El ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Grevinge Auto-El ApS
Grevinge Auto-El ApS (CVR number: 40645772) is a company from ODSHERRED. The company recorded a gross profit of 756.8 kDKK in 2023. The operating profit was -29.8 kDKK, while net earnings were -49.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was -1.9 %, which can be considered poor and Return on Equity (ROE) was -8.3 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 36.3 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. Grevinge Auto-El ApS's liquidity measured by quick ratio was 0.8 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 908.63 | 802.30 | 928.03 | ||
Gross profit | 908.63 | 793.67 | 920.60 | 1 073.47 | 756.79 |
EBIT | - 162.64 | - 189.78 | - 118.64 | 156.97 | -29.79 |
Net earnings | -9.61 | - 219.14 | -73.49 | 40.03 | -49.68 |
Shareholders equity total | 879.38 | 660.24 | 586.75 | 626.78 | 577.10 |
Balance sheet total (assets) | 1 705.44 | 1 379.59 | 1 390.38 | 1 598.01 | 1 591.59 |
Net debt | 175.54 | 209.68 | 445.93 | 221.18 | -12.70 |
Profitability | |||||
EBIT-% | -17.9 % | -23.7 % | -12.8 % | ||
ROA | -9.5 % | -11.9 % | -8.6 % | 10.6 % | -1.9 % |
ROE | -1.1 % | -28.5 % | -11.8 % | 6.6 % | -8.3 % |
ROI | -12.5 % | -16.4 % | -10.9 % | 13.1 % | -2.6 % |
Economic value added (EVA) | - 115.47 | - 222.81 | -64.37 | 105.43 | -19.40 |
Solvency | |||||
Equity ratio | 51.6 % | 47.9 % | 42.2 % | 39.2 % | 36.3 % |
Gearing | 46.3 % | 54.1 % | 89.8 % | 55.7 % | 49.4 % |
Relative net indebtedness % | 63.5 % | 66.1 % | 77.9 % | ||
Liquidity | |||||
Quick ratio | 1.5 | 1.1 | 1.1 | 1.3 | 0.8 |
Current ratio | 1.7 | 1.4 | 1.5 | 1.6 | 0.9 |
Cash and cash equivalents | 231.88 | 147.23 | 80.74 | 127.88 | 297.81 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 143.9 | 112.1 | 82.6 | ||
Net working capital % | 35.5 % | 21.5 % | 16.9 % | ||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BBB | BBB |
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