LINNET SONGS ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About LINNET SONGS ApS
LINNET SONGS ApS (CVR number: 10357837) is a company from KØBENHAVN. The company recorded a gross profit of 3537.9 kDKK in 2024. The operating profit was -143.8 kDKK, while net earnings were -196.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was -5.3 %, which can be considered poor and Return on Equity (ROE) was -15 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 50 %, 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. LINNET SONGS ApS's liquidity measured by quick ratio was 0.6 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 1 864.19 | 2 746.03 | 2 527.21 | 2 874.11 | 3 537.94 |
EBIT | - 777.63 | - 764.81 | 1 623.58 | 578.02 | - 143.79 |
Net earnings | - 663.58 | - 521.20 | 1 195.46 | 369.37 | - 196.58 |
Shareholders equity total | 1 214.99 | 393.78 | 1 536.29 | 1 405.66 | 1 209.08 |
Balance sheet total (assets) | 2 965.55 | 1 919.75 | 2 897.23 | 2 700.24 | 2 420.39 |
Net debt | - 868.30 | - 162.25 | 444.84 | 734.01 | 491.30 |
Profitability | |||||
EBIT-% | |||||
ROA | -21.8 % | -25.5 % | 67.7 % | 23.5 % | -5.3 % |
ROE | -32.4 % | -64.8 % | 123.9 % | 25.1 % | -15.0 % |
ROI | -33.3 % | -56.6 % | 98.1 % | 26.7 % | -6.5 % |
Economic value added (EVA) | - 773.64 | - 687.56 | 1 237.42 | 284.46 | - 241.04 |
Solvency | |||||
Equity ratio | 41.0 % | 20.5 % | 53.0 % | 52.1 % | 50.0 % |
Gearing | 23.7 % | 77.3 % | 70.9 % | 63.4 % | 55.8 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 1.6 | 1.1 | 1.2 | 0.6 | 0.6 |
Current ratio | 1.6 | 1.1 | 1.2 | 0.6 | 0.7 |
Cash and cash equivalents | 1 156.41 | 466.62 | 644.03 | 156.92 | 183.77 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BBB | BBB |
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