2020 Finance ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About 2020 Finance ApS
2020 Finance ApS (CVR number: 36564504) is a company from AARHUS. The company recorded a gross profit of -84.1 kDKK in 2024. The operating profit was -84.1 kDKK, while net earnings were -66.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was -35.9 %, which can be considered poor and Return on Equity (ROE) was -31.8 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 77.9 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. 2020 Finance ApS's liquidity measured by quick ratio was 4.5 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 financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 808.84 | 189.46 | -65.29 | -22.21 | -84.12 |
EBIT | 789.96 | 170.58 | -84.17 | -51.22 | -84.12 |
Net earnings | 503.21 | 74.99 | - 116.31 | -41.60 | -66.48 |
Shareholders equity total | 325.34 | 400.32 | 284.01 | 242.41 | 175.93 |
Balance sheet total (assets) | 1 251.05 | 702.82 | 294.23 | 242.42 | 225.93 |
Net debt | 742.23 | 155.11 | 0.62 | -73.73 | 4.50 |
Profitability | |||||
EBIT-% | |||||
ROA | 55.4 % | 17.5 % | -16.9 % | -19.1 % | -35.9 % |
ROE | 57.6 % | 20.7 % | -34.0 % | -15.8 % | -31.8 % |
ROI | 69.4 % | 18.7 % | -17.6 % | -19.3 % | -35.9 % |
Economic value added (EVA) | 566.46 | 59.78 | -99.32 | -54.12 | -77.37 |
Solvency | |||||
Equity ratio | 26.0 % | 57.0 % | 96.5 % | 100.0 % | 77.9 % |
Gearing | 254.7 % | 65.8 % | 2.0 % | 28.4 % | |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 1.3 | 2.2 | 25.9 | 60 604.0 | 4.5 |
Current ratio | 1.3 | 2.2 | 25.9 | 60 604.0 | 4.5 |
Cash and cash equivalents | 86.52 | 108.34 | 5.02 | 73.73 | 45.50 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BB | BB | BB | B | BB |
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