Schultz Development ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Schultz Development ApS
Schultz Development ApS (CVR number: 40278729) is a company from SKANDERBORG. The company recorded a gross profit of -107.7 kDKK in 2023. The operating profit was -538.4 kDKK, while net earnings were -425.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was -138.6 %, which can be considered poor and Return on Equity (ROE) was -358.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -65.4 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Schultz Development ApS'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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | 41.00 | 329.00 | 525.00 | 289.00 | - 107.73 |
| EBIT | - 174.00 | 231.00 | 98.00 | - 114.00 | - 538.42 |
| Net earnings | - 175.00 | 217.00 | 75.00 | -92.00 | - 425.73 |
| Shareholders equity total | - 125.00 | 93.00 | 168.00 | 26.00 | - 399.73 |
| Balance sheet total (assets) | 86.00 | 168.00 | 220.00 | 166.00 | 211.35 |
| Net debt | 154.00 | -87.00 | - 149.00 | 13.00 | -4.82 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | -82.5 % | 121.9 % | 50.5 % | -59.1 % | -138.6 % |
| ROE | -203.5 % | 242.5 % | 57.5 % | -94.8 % | -358.7 % |
| ROI | -87.0 % | 134.7 % | 62.8 % | -97.9 % | -361.1 % |
| Economic value added (EVA) | - 174.00 | 214.17 | 69.38 | -98.13 | - 423.35 |
| Solvency | |||||
| Equity ratio | -59.2 % | 55.4 % | 76.4 % | 15.7 % | -65.4 % |
| Gearing | -160.0 % | 53.8 % | 146.2 % | -7.9 % | |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 0.3 | 2.1 | 4.2 | 1.2 | 0.5 |
| Current ratio | 0.3 | 2.1 | 4.2 | 1.2 | 0.5 |
| Cash and cash equivalents | 46.00 | 137.00 | 149.00 | 25.00 | 36.38 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | B | B | BB | BB | B |
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