DEN ERHVERVSDRIVENDE FOND KUNSTNERHUSET I CLASSENSGADE — Credit Rating and Financial Key Figures
Credit rating
Company information
About DEN ERHVERVSDRIVENDE FOND KUNSTNERHUSET I CLASSENSGADE
DEN ERHVERVSDRIVENDE FOND KUNSTNERHUSET I CLASSENSGADE (CVR number: 25708113) is a company from KØBENHAVN. The company reported a net sales of 0.6 mDKK in 2023, demonstrating a growth of 2 % compared to the previous year. The operating profit percentage was at 14.4 % (EBIT: 0.1 mDKK), while net earnings were 36.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 2.2 %, which can be considered weak but Return on Equity (ROE) was 5 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 20.5 %, 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. DEN ERHVERVSDRIVENDE FOND KUNSTNERHUSET I CLASSENSGADE's liquidity measured by quick ratio was 1.2 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 financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 561.19 | 557.75 | 560.77 | 561.24 | 572.22 |
Gross profit | 564.11 | 210.94 | 216.63 | 162.84 | 204.80 |
EBIT | -21.78 | 88.44 | 94.14 | 40.34 | 82.30 |
Net earnings | -80.31 | 30.87 | 38.13 | -12.28 | 36.76 |
Shareholders equity total | 656.13 | 686.99 | 725.12 | 712.84 | 749.60 |
Balance sheet total (assets) | 4 231.57 | 4 172.41 | 3 981.85 | 3 799.59 | 3 650.71 |
Net debt | 1 047.73 | 961.88 | 944.22 | 908.65 | 833.15 |
Profitability | |||||
EBIT-% | -3.9 % | 15.9 % | 16.8 % | 7.2 % | 14.4 % |
ROA | -0.5 % | 2.1 % | 2.3 % | 1.0 % | 2.2 % |
ROE | -11.5 % | 4.6 % | 5.4 % | -1.7 % | 5.0 % |
ROI | -0.9 % | 3.9 % | 4.2 % | 1.9 % | 4.0 % |
Economic value added (EVA) | - 101.79 | 7.51 | 19.44 | -35.28 | 9.18 |
Solvency | |||||
Equity ratio | 15.5 % | 16.5 % | 18.2 % | 18.8 % | 20.5 % |
Gearing | 244.9 % | 230.2 % | 205.1 % | 195.1 % | 172.5 % |
Relative net indebtedness % | 537.5 % | 513.8 % | 483.9 % | 464.0 % | 426.6 % |
Liquidity | |||||
Quick ratio | 1.6 | 1.3 | 1.3 | 1.2 | 1.2 |
Current ratio | 1.6 | 1.3 | 1.3 | 1.2 | 1.2 |
Cash and cash equivalents | 558.97 | 619.59 | 543.06 | 482.46 | 459.76 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 1.5 | 3.7 | |||
Net working capital % | 40.6 % | 27.4 % | 26.8 % | 17.0 % | 15.2 % |
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BBB | BBB |
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