better apparel A/S — Credit Rating and Financial Key Figures

CVR number: 29324328
Tulstrupvej 13, 7430 Ikast

Credit rating

Company information

Official name
better apparel A/S
Personnel
4 persons
Established
2006
Company form
Limited company
Industry

About better apparel A/S

better apparel A/S (CVR number: 29324328) is a company from IKAST-BRANDE. The company recorded a gross profit of 2411.4 kDKK in 2024. The operating profit was -86.9 kDKK, while net earnings were 24 kDKK. The profitability of the company measured by Return on Assets (ROA) was 1.2 %, which can be considered weak and Return on Equity (ROE) was 0.4 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 69 %, 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. better apparel A/S's liquidity measured by quick ratio was 2.3 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit8 477.113 134.733 631.624 348.192 411.42
EBIT3 972.89- 881.52-1 718.391 896.32-86.85
Net earnings2 661.46172.45-2 461.541 800.8624.03
Shareholders equity total7 483.918 346.025 890.577 274.346 128.23
Balance sheet total (assets)25 138.1329 883.208 840.509 842.468 884.52
Net debt6 757.3010 886.15- 105.47-2 739.28-3 684.79
Profitability
EBIT-%
ROA18.1 %-2.8 %-8.4 %21.6 %1.2 %
ROE41.7 %2.2 %-34.6 %27.4 %0.4 %
ROI27.7 %-4.5 %-12.8 %29.7 %1.7 %
Economic value added (EVA)2 098.42-1 361.32-3 270.601 392.09- 421.12
Solvency
Equity ratio29.8 %27.9 %66.6 %73.9 %69.0 %
Gearing95.6 %130.8 %2.7 %0.0 %4.0 %
Relative net indebtedness %
Liquidity
Quick ratio1.11.12.12.82.3
Current ratio1.51.43.23.73.3
Cash and cash equivalents394.4933.17264.572 741.003 929.18
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBABBB

Variable visualization

ROA:1.22%
Rating: 26/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:69.0%
Rating: 52/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board

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