DEN KORTE AVIS ApS — Credit Rating and Financial Key Figures

CVR number: 36470887
Von Ostensgade 22, 2791 Dragør

Credit rating

Company information

Official name
DEN KORTE AVIS ApS
Personnel
1 person
Established
2014
Company form
Private limited company
Industry
  • Expand more icon58Publishing activities

About DEN KORTE AVIS ApS

DEN KORTE AVIS ApS (CVR number: 36470887) is a company from DRAGØR. The company reported a net sales of 0.3 mDKK in 2023, demonstrating a decline of -25 % compared to the previous year. The operating profit percentage was poor at -73.7 % (EBIT: -0.2 mDKK), while net earnings were -230.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was -49 %, which can be considered poor and Return on Equity (ROE) was -135.4 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -35.7 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. DEN KORTE AVIS ApS's liquidity measured by quick ratio was 4.3 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

Net sales (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
20192020202120222023
Volume
Net sales628.18574.64511.39409.85307.54
Gross profit126.79276.50284.4291.1041.78
EBIT-95.3320.88150.77- 152.44- 226.65
Net earnings-96.8411.49141.61- 160.24- 230.51
Shareholders equity total365.36226.47368.0893.85- 136.66
Balance sheet total (assets)836.17723.09812.75532.51246.53
Net debt-50.89- 240.21- 373.98- 101.63104.90
Profitability
EBIT-%-15.2 %3.6 %29.5 %-37.2 %-73.7 %
ROA-11.0 %2.7 %19.6 %-22.7 %-49.0 %
ROE-23.4 %3.9 %47.6 %-69.4 %-135.4 %
ROI-13.4 %3.3 %22.6 %-25.5 %-58.3 %
Economic value added (EVA)-95.7519.52170.22- 133.76- 213.58
Solvency
Equity ratio43.7 %31.3 %45.3 %17.6 %-35.7 %
Gearing81.0 %164.9 %99.4 %390.2 %-226.5 %
Relative net indebtedness %19.7 %-20.4 %-57.7 %-7.1 %58.1 %
Liquidity
Quick ratio4.86.813.09.54.3
Current ratio4.86.813.09.54.3
Cash and cash equivalents346.97613.64739.77467.84204.61
Capital use efficiency
Trade debtors turnover (days)96.745.732.720.6
Net working capital %105.3 %107.3 %146.7 %116.3 %61.6 %
Credit risk
Credit ratingBBBBBBBBB

Variable visualization

ROA:-49.0%
Rating: 0/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:-35.7%
Rating: 0/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

Companies in the same industry

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