Airofit A/S — Credit Rating and Financial Key Figures

CVR number: 37618772
Titangade 9 A, 2200 København N

Credit rating

Company information

Official name
Airofit A/S
Personnel
14 persons
Established
2016
Company form
Limited company
Industry

About Airofit A/S

Airofit A/S (CVR number: 37618772) is a company from KØBENHAVN. The company recorded a gross profit of 8231.4 kDKK in 2023. The operating profit was -1512.5 kDKK, while net earnings were -2913.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was -4.1 %, which can be considered poor and Return on Equity (ROE) was -89.6 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 5.9 %, 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. Airofit A/S's liquidity measured by quick ratio was 0.5 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit-1 176.006 757.0011 180.00- 486.008 231.37
EBIT-2 717.001 350.001 256.00-11 595.00-1 512.52
Net earnings-1 480.00728.001 009.00-9 580.00-2 913.92
Shareholders equity total7 828.0010 145.0014 640.004 710.001 795.58
Balance sheet total (assets)16 342.0022 569.0041 887.0041 337.0030 643.08
Net debt1 679.0029.005 531.0020 468.0017 613.54
Profitability
EBIT-%
ROA-22.6 %6.9 %3.8 %-27.8 %-4.1 %
ROE-22.4 %8.1 %8.1 %-99.0 %-89.6 %
ROI-26.8 %8.1 %4.8 %-33.9 %-4.9 %
Economic value added (EVA)-1 923.741 047.911 009.34-8 493.57-1 311.08
Solvency
Equity ratio47.9 %45.0 %35.0 %11.4 %5.9 %
Gearing52.9 %72.7 %90.8 %667.1 %1224.8 %
Relative net indebtedness %
Liquidity
Quick ratio1.41.21.11.20.5
Current ratio1.51.51.81.80.8
Cash and cash equivalents2 459.007 342.007 765.0010 954.004 378.91
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBAAAABBBBB

Variable visualization

ROA:-4.09%
Rating: 16/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:5.86%
Rating: 6/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer
Chairman of the board
Board member

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