MUSIC COPYRIGHT SERVICES ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About MUSIC COPYRIGHT SERVICES ApS
MUSIC COPYRIGHT SERVICES ApS (CVR number: 29318425) is a company from GENTOFTE. The company recorded a gross profit of 325.3 kDKK in 2023. The operating profit was -16.8 kDKK, while net earnings were -2.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was -0.5 %, which can be considered poor and Return on Equity (ROE) was -0.8 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 46.3 %, 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. MUSIC COPYRIGHT SERVICES ApS's liquidity measured by quick ratio was 1.9 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 715.24 | 731.33 | 534.82 | 864.82 | 325.33 |
EBIT | 9.85 | 51.07 | -0.07 | 102.85 | -16.80 |
Net earnings | 6.33 | 40.99 | 7.60 | 87.17 | -2.89 |
Shareholders equity total | 207.59 | 248.58 | 256.18 | 343.35 | 340.46 |
Balance sheet total (assets) | 815.68 | 706.65 | 751.15 | 728.70 | 735.98 |
Net debt | - 714.78 | - 403.75 | - 521.20 | - 379.32 | -36.96 |
Profitability | |||||
EBIT-% | |||||
ROA | 1.5 % | 7.9 % | 1.6 % | 15.5 % | -0.5 % |
ROE | 3.1 % | 18.0 % | 3.0 % | 29.1 % | -0.8 % |
ROI | 5.2 % | 26.1 % | 4.7 % | 37.3 % | -1.1 % |
Economic value added (EVA) | 27.54 | 65.17 | 7.75 | 93.07 | -14.36 |
Solvency | |||||
Equity ratio | 25.4 % | 35.2 % | 34.1 % | 47.1 % | 46.3 % |
Gearing | 1.6 % | 0.7 % | 3.7 % | 0.2 % | |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 1.3 | 1.5 | 1.5 | 1.9 | 1.9 |
Current ratio | 1.3 | 1.5 | 1.5 | 1.9 | 1.9 |
Cash and cash equivalents | 718.17 | 403.75 | 523.11 | 391.99 | 37.49 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BB | BBB | BB | BBB | BBB |
Variable visualization
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