CONNECT ACCESSORIES ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About CONNECT ACCESSORIES ApS
CONNECT ACCESSORIES ApS (CVR number: 31766737) is a company from SILKEBORG. The company recorded a gross profit of 290.9 kDKK in 2024. The operating profit was -895.9 kDKK, while net earnings were -708.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was -3.9 %, which can be considered poor and Return on Equity (ROE) was -44.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 33.8 %, 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. CONNECT ACCESSORIES ApS's liquidity measured by quick ratio was 1.4 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 3 341.78 | 3 112.85 | - 237.43 | 601.31 | 290.95 |
EBIT | -1 705.67 | -1 307.49 | -3 766.61 | -2 972.07 | - 895.91 |
Net earnings | -3 042.79 | - 653.41 | -3 716.06 | -3 689.76 | - 708.70 |
Shareholders equity total | 9 264.08 | 8 610.68 | 4 894.61 | 1 204.85 | 1 980.04 |
Balance sheet total (assets) | 27 642.36 | 22 269.67 | 22 701.25 | 8 650.07 | 5 853.03 |
Net debt | 13 959.88 | 6 902.61 | 10 419.03 | 6 092.08 | 3 162.95 |
Profitability | |||||
EBIT-% | |||||
ROA | -1.9 % | -1.3 % | -14.5 % | -19.0 % | -3.9 % |
ROE | -30.0 % | -7.3 % | -55.0 % | -121.0 % | -44.5 % |
ROI | -9.2 % | -1.6 % | -19.7 % | -25.0 % | -4.2 % |
Economic value added (EVA) | -2 919.54 | -2 548.59 | -4 538.34 | -3 743.73 | -1 268.44 |
Solvency | |||||
Equity ratio | 33.5 % | 38.7 % | 21.6 % | 13.9 % | 33.8 % |
Gearing | 151.1 % | 98.7 % | 213.7 % | 545.6 % | 181.3 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 2.0 | 2.1 | 0.7 | 0.8 | 1.4 |
Current ratio | 2.3 | 2.5 | 1.5 | 1.0 | 1.4 |
Cash and cash equivalents | 34.09 | 1 598.66 | 42.77 | 481.38 | 425.97 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | BBB | BB | BB | BB |
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