COPENHAGEN AIR EXPERIENCE A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About COPENHAGEN AIR EXPERIENCE A/S
COPENHAGEN AIR EXPERIENCE A/S (CVR number: 29820708) is a company from Høje-Taastrup. The company recorded a gross profit of 3231.6 kDKK in 2024. The operating profit was -223.6 kDKK, while net earnings were -393.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was -2.9 %, which can be considered poor and Return on Equity (ROE) was -12 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 45 %, 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. COPENHAGEN AIR EXPERIENCE A/S's liquidity measured by quick ratio was 1.3 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 3 560.76 | 4 438.17 | 4 616.21 | 3 747.66 | 3 231.63 |
EBIT | 272.01 | 1 216.86 | 572.14 | -35.32 | - 223.60 |
Net earnings | 174.13 | 1 314.51 | 585.37 | - 119.99 | - 393.56 |
Shareholders equity total | 2 191.53 | 3 506.04 | 3 591.40 | 3 471.42 | 3 077.86 |
Balance sheet total (assets) | 7 767.13 | 9 291.44 | 8 841.99 | 7 914.78 | 6 833.94 |
Net debt | -2 855.01 | -4 748.96 | -4 424.22 | -3 614.08 | -3 569.68 |
Profitability | |||||
EBIT-% | |||||
ROA | 3.6 % | 14.3 % | 6.3 % | -0.4 % | -2.9 % |
ROE | 7.7 % | 46.1 % | 16.5 % | -3.4 % | -12.0 % |
ROI | 6.8 % | 28.3 % | 12.1 % | -0.8 % | -5.4 % |
Economic value added (EVA) | 60.58 | 1 246.93 | 479.90 | - 257.67 | - 372.29 |
Solvency | |||||
Equity ratio | 28.2 % | 37.7 % | 40.6 % | 43.9 % | 45.0 % |
Gearing | 71.0 % | 37.0 % | 28.9 % | 22.4 % | 16.8 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 1.2 | 1.4 | 1.4 | 1.4 | 1.3 |
Current ratio | 1.2 | 1.5 | 1.4 | 1.4 | 1.3 |
Cash and cash equivalents | 4 410.81 | 6 045.46 | 5 461.42 | 4 391.98 | 4 088.28 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | A | A | BBB | BBB |
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