better apparel A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 8 477.11 | 3 134.73 | 3 631.62 | 4 348.19 | 2 411.42 |
EBIT | 3 972.89 | - 881.52 | -1 718.39 | 1 896.32 | -86.85 |
Net earnings | 2 661.46 | 172.45 | -2 461.54 | 1 800.86 | 24.03 |
Shareholders equity total | 7 483.91 | 8 346.02 | 5 890.57 | 7 274.34 | 6 128.23 |
Balance sheet total (assets) | 25 138.13 | 29 883.20 | 8 840.50 | 9 842.46 | 8 884.52 |
Net debt | 6 757.30 | 10 886.15 | - 105.47 | -2 739.28 | -3 684.79 |
Profitability | |||||
EBIT-% | |||||
ROA | 18.1 % | -2.8 % | -8.4 % | 21.6 % | 1.2 % |
ROE | 41.7 % | 2.2 % | -34.6 % | 27.4 % | 0.4 % |
ROI | 27.7 % | -4.5 % | -12.8 % | 29.7 % | 1.7 % |
Economic value added (EVA) | 2 098.42 | -1 361.32 | -3 270.60 | 1 392.09 | - 421.12 |
Solvency | |||||
Equity ratio | 29.8 % | 27.9 % | 66.6 % | 73.9 % | 69.0 % |
Gearing | 95.6 % | 130.8 % | 2.7 % | 0.0 % | 4.0 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 1.1 | 1.1 | 2.1 | 2.8 | 2.3 |
Current ratio | 1.5 | 1.4 | 3.2 | 3.7 | 3.3 |
Cash and cash equivalents | 394.49 | 33.17 | 264.57 | 2 741.00 | 3 929.18 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | A | BBB |
Variable visualization
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