Zirq Medical A/S — Credit Rating and Financial Key Figures

CVR number: 36726008
Stenlillevej 26, 4295 Stenlille
rbn@nmtrade.no

Credit rating

Company information

Official name
Zirq Medical A/S
Personnel
2 persons
Established
2015
Company form
Limited company
Industry

About Zirq Medical A/S

Zirq Medical A/S (CVR number: 36726008) is a company from HOLBÆK. The company recorded a gross profit of 2615.2 kDKK in 2023. The operating profit was -8885.1 kDKK, while net earnings were -26.2 mDKK. The profitability of the company measured by Return on Assets (ROA) was -12.2 %, which can be considered poor and Return on Equity (ROE) was -39 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -16 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Zirq Medical A/S's liquidity measured by quick ratio was 9.2 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit3 283.832 100.9911 313.783 306.202 615.25
EBIT- 994.10-1 156.617 479.71-5 472.70-8 885.07
Net earnings-1 195.56-21.547 031.79-5 443.00-26 223.66
Shareholders equity total-5 112.31-5 133.856 080.94637.94-25 585.72
Balance sheet total (assets)6 033.915 106.3010 047.79161 284.86134 004.67
Net debt10 701.709 142.821 856.36115 445.21146 325.39
Profitability
EBIT-%
ROA-10.8 %-4.4 %73.7 %-6.3 %-12.2 %
ROE-25.6 %-0.4 %125.7 %-162.0 %-39.0 %
ROI-11.4 %-4.6 %79.0 %-6.7 %-10.9 %
Economic value added (EVA)- 753.96- 563.157 343.84-5 231.65- 429.15
Solvency
Equity ratio-45.9 %-50.1 %60.5 %0.5 %-16.0 %
Gearing-209.8 %-194.2 %45.8 %18279.9 %-571.9 %
Relative net indebtedness %
Liquidity
Quick ratio0.40.31.20.69.2
Current ratio0.40.41.50.69.4
Cash and cash equivalents22.78824.86926.221 169.694.30
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBABBBBBB

Variable visualization

ROA:-12.2%
Rating: 8/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:-16.0%
Rating: 0/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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