Better Times ApS — Credit Rating and Financial Key Figures

CVR number: 39645920
Skovvangsvej 97 C, 8200 Aarhus N

Credit rating

Company information

Official name
Better Times ApS
Personnel
1 person
Established
2018
Company form
Private limited company
Industry

About Better Times ApS

Better Times ApS (CVR number: 39645920) is a company from AARHUS. The company recorded a gross profit of 129 kDKK in 2023. The operating profit was 92.9 kDKK, while net earnings were 91.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 4.6 %, which can be considered decent and Return on Equity (ROE) was 4.8 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 95.6 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. Better Times ApS's liquidity measured by quick ratio was 21.1 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit730.53885.91430.98271.61128.97
EBIT25.97255.24- 270.18- 304.0192.85
Net earnings23.14196.26- 227.54- 248.0391.91
Shareholders equity total2 143.822 340.082 112.541 864.501 956.41
Balance sheet total (assets)2 360.262 811.742 351.612 025.612 046.88
Net debt-2 170.45-2 486.42-2 074.57-1 581.56-1 574.56
Profitability
EBIT-%
ROA1.2 %9.9 %-10.4 %-13.9 %4.6 %
ROE1.1 %8.8 %-10.2 %-12.5 %4.8 %
ROI1.4 %11.2 %-11.7 %-14.7 %4.7 %
Economic value added (EVA)119.60304.75- 201.06- 234.9382.47
Solvency
Equity ratio90.8 %83.2 %89.8 %92.0 %95.6 %
Gearing1.6 %2.4 %3.6 %4.1 %3.9 %
Relative net indebtedness %
Liquidity
Quick ratio10.45.89.411.721.1
Current ratio10.45.89.411.721.1
Cash and cash equivalents2 204.612 541.432 150.451 657.881 650.45
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:4.56%
Rating: 42/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:95.6%
Rating: 76/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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