Ginger Tech ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
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 financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 1 228.01 | 1 796.53 | 1 342.47 | 1 283.07 | 1 620.49 |
Gross profit | 1 178.11 | 1 724.79 | 1 307.45 | 1 238.32 | 1 553.82 |
EBIT | 132.75 | 768.83 | 286.19 | 239.18 | 519.02 |
Net earnings | 98.88 | 586.28 | 210.23 | 177.79 | 388.44 |
Shareholders equity total | 160.17 | 656.44 | 466.68 | 444.47 | 657.91 |
Balance sheet total (assets) | 627.76 | 1 581.11 | 1 345.58 | 1 474.35 | 1 378.37 |
Net debt | 168.22 | - 841.11 | -51.21 | -35.80 | - 380.23 |
Profitability | |||||
EBIT-% | 10.8 % | 42.8 % | 21.3 % | 18.6 % | 32.0 % |
ROA | 22.1 % | 69.6 % | 19.6 % | 17.0 % | 36.4 % |
ROE | 57.9 % | 143.6 % | 37.4 % | 39.0 % | 70.5 % |
ROI | 34.5 % | 130.2 % | 31.8 % | 22.1 % | 49.6 % |
Economic value added (EVA) | 102.53 | 586.73 | 234.39 | 176.23 | 400.02 |
Solvency | |||||
Equity ratio | 25.5 % | 41.5 % | 34.7 % | 30.1 % | 47.7 % |
Gearing | 140.5 % | 20.4 % | 113.7 % | 158.0 % | 41.1 % |
Relative net indebtedness % | 33.1 % | -2.9 % | 21.2 % | 21.9 % | 3.9 % |
Liquidity | |||||
Quick ratio | 1.0 | 1.6 | 1.8 | 1.6 | 2.4 |
Current ratio | 1.0 | 1.6 | 1.8 | 1.6 | 2.4 |
Cash and cash equivalents | 56.84 | 975.27 | 581.86 | 737.86 | 650.94 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 119.3 | 99.5 | 109.1 | 129.7 | 119.1 |
Net working capital % | -0.3 % | 30.2 % | 31.5 % | 34.3 % | 42.9 % |
Credit risk | |||||
Credit rating | BB | BBB | BBB | BBB | BBB |
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