Ginger Tech ApS — Credit Rating and Financial Key Figures

CVR number: 38930087
Slangerupgade 29, 3400 Hillerød

Credit rating

Company information

Official name
Ginger Tech ApS
Personnel
2 persons
Established
2017
Company form
Private limited company
Industry

About Ginger Tech ApS

Ginger Tech ApS (CVR number: 38930087) is a company from HILLERØD. The company reported a net sales of 1.6 mDKK in 2023, demonstrating a growth of 26.3 % compared to the previous year. The operating profit percentage was at 32 % (EBIT: 0.5 mDKK), while net earnings were 388.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 36.4 %, which can be considered excellent and Return on Equity (ROE) was 70.5 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 47.7 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. Ginger Tech ApS's liquidity measured by quick ratio was 2.4 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

Net sales (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales1 228.011 796.531 342.471 283.071 620.49
Gross profit1 178.111 724.791 307.451 238.321 553.82
EBIT132.75768.83286.19239.18519.02
Net earnings98.88586.28210.23177.79388.44
Shareholders equity total160.17656.44466.68444.47657.91
Balance sheet total (assets)627.761 581.111 345.581 474.351 378.37
Net debt168.22- 841.11-51.21-35.80- 380.23
Profitability
EBIT-%10.8 %42.8 %21.3 %18.6 %32.0 %
ROA22.1 %69.6 %19.6 %17.0 %36.4 %
ROE57.9 %143.6 %37.4 %39.0 %70.5 %
ROI34.5 %130.2 %31.8 %22.1 %49.6 %
Economic value added (EVA)102.53586.73234.39176.23400.02
Solvency
Equity ratio25.5 %41.5 %34.7 %30.1 %47.7 %
Gearing140.5 %20.4 %113.7 %158.0 %41.1 %
Relative net indebtedness %33.1 %-2.9 %21.2 %21.9 %3.9 %
Liquidity
Quick ratio1.01.61.81.62.4
Current ratio1.01.61.81.62.4
Cash and cash equivalents56.84975.27581.86737.86650.94
Capital use efficiency
Trade debtors turnover (days)119.399.5109.1129.7119.1
Net working capital %-0.3 %30.2 %31.5 %34.3 %42.9 %
Credit risk
Credit ratingBBBBBBBBBBBBBB

Variable visualization

ROA:36.4%
Rating: 87/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:47.7%
Rating: 38/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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