Passim ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Passim ApS
Passim ApS (CVR number: 40634460) is a company from KØBENHAVN. The company recorded a gross profit of 373.5 kDKK in 2024. The operating profit was -167.1 kDKK, while net earnings were -139.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was -24.8 %, which can be considered poor and Return on Equity (ROE) was -32.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 79 %, 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. Passim ApS's liquidity measured by quick ratio was 4.5 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 | 1 025.66 | 532.49 | 783.83 | 979.47 | 373.48 |
| EBIT | 384.57 | 13.69 | 149.33 | 307.11 | - 167.07 |
| Net earnings | 296.67 | 8.94 | 114.19 | 239.47 | - 139.62 |
| Shareholders equity total | 336.66 | 289.10 | 346.09 | 526.67 | 326.04 |
| Balance sheet total (assets) | 533.28 | 437.49 | 512.15 | 701.78 | 412.46 |
| Net debt | - 342.87 | - 236.01 | - 303.65 | - 346.71 | - 323.50 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 72.1 % | 2.8 % | 31.4 % | 51.4 % | -24.8 % |
| ROE | 88.1 % | 2.9 % | 36.0 % | 54.9 % | -32.7 % |
| ROI | 114.2 % | 4.4 % | 47.0 % | 71.5 % | -32.4 % |
| Economic value added (EVA) | 299.69 | -6.22 | 101.88 | 222.04 | - 190.19 |
| Solvency | |||||
| Equity ratio | 63.1 % | 66.1 % | 67.6 % | 75.0 % | 79.0 % |
| Gearing | |||||
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 2.5 | 2.4 | 2.6 | 3.7 | 4.5 |
| Current ratio | 2.5 | 2.4 | 2.6 | 3.7 | 4.5 |
| Cash and cash equivalents | 342.87 | 236.01 | 303.65 | 346.71 | 323.50 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BB | BBB | BBB | BBB | BB |
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