DEN ERHVERVSDRIVENDE FOND KUNSTNERHUSET I CLASSENSGADE — Credit Rating and Financial Key Figures

CVR number: 25708113
Meldahlsgade 5, 1613 København V

Credit rating

Company information

Official name
DEN ERHVERVSDRIVENDE FOND KUNSTNERHUSET I CLASSENSGADE
Established
2000
Industry

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 financials

Net sales (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales561.19557.75560.77561.24572.22
Gross profit564.11210.94216.63162.84204.80
EBIT-21.7888.4494.1440.3482.30
Net earnings-80.3130.8738.13-12.2836.76
Shareholders equity total656.13686.99725.12712.84749.60
Balance sheet total (assets)4 231.574 172.413 981.853 799.593 650.71
Net debt1 047.73961.88944.22908.65833.15
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)- 101.797.5119.44-35.289.18
Solvency
Equity ratio15.5 %16.5 %18.2 %18.8 %20.5 %
Gearing244.9 %230.2 %205.1 %195.1 %172.5 %
Relative net indebtedness %537.5 %513.8 %483.9 %464.0 %426.6 %
Liquidity
Quick ratio1.61.31.31.21.2
Current ratio1.61.31.31.21.2
Cash and cash equivalents558.97619.59543.06482.46459.76
Capital use efficiency
Trade debtors turnover (days)1.53.7
Net working capital %40.6 %27.4 %26.8 %17.0 %15.2 %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:2.21%
Rating: 31/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:20.5%
Rating: 20/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Board member
Board member
Board member
Board member

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