Cubus Technology ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Cubus Technology ApS
Cubus Technology ApS (CVR number: 30602870) is a company from ALLERØD. The company recorded a gross profit of 1476 kDKK in 2023. The operating profit was -852.2 kDKK, while net earnings were -706.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was -18.1 %, which can be considered poor and Return on Equity (ROE) was -122.3 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -90.1 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Cubus Technology ApS's liquidity measured by quick ratio was 2.2 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 | 681.84 | 1 202.11 | 418.84 | 322.22 | 1 476.00 |
EBIT | - 484.40 | - 294.97 | -1 569.05 | -1 705.72 | - 852.17 |
Net earnings | - 339.73 | -66.23 | -1 059.40 | -1 387.37 | - 706.78 |
Shareholders equity total | -1 274.95 | -1 341.18 | -2 400.58 | -3 756.20 | -4 462.98 |
Balance sheet total (assets) | 251.21 | 363.58 | 961.87 | 663.70 | 492.07 |
Net debt | 1 093.62 | 1 294.64 | 1 541.85 | 2 893.55 | 3 369.85 |
Profitability | |||||
EBIT-% | |||||
ROA | -36.9 % | -18.3 % | -52.7 % | -43.8 % | -18.1 % |
ROE | -164.0 % | -21.5 % | -159.9 % | -170.7 % | -122.3 % |
ROI | -45.6 % | -23.0 % | -59.1 % | -46.7 % | -19.0 % |
Economic value added (EVA) | - 284.48 | - 142.39 | -1 087.75 | -1 181.36 | - 466.70 |
Solvency | |||||
Equity ratio | -83.5 % | -78.7 % | -71.4 % | -85.0 % | -90.1 % |
Gearing | -90.4 % | -105.0 % | -85.9 % | -82.6 % | -80.8 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 0.1 | 0.2 | 3.6 | 2.8 | 2.2 |
Current ratio | 0.1 | 0.2 | 3.6 | 2.8 | 2.2 |
Cash and cash equivalents | 59.14 | 114.25 | 519.85 | 208.38 | 235.39 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | B | BB | BB | BB | BB |
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