Source2Sea A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Source2Sea A/S
Source2Sea A/S (CVR number: 42671223) is a company from KØBENHAVN. The company recorded a gross profit of -13950 kDKK in 2024. The operating profit was -43.9 mDKK, while net earnings were -35.5 mDKK. The profitability of the company measured by Return on Assets (ROA) was -130 %, which can be considered poor and Return on Equity (ROE) was -314.6 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 38.1 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. Source2Sea A/S's liquidity measured by quick ratio was 0.6 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2022 | 2023 | 2024 | |
---|---|---|---|
Volume | |||
Net sales | |||
Gross profit | -19 288.00 | -20 595.00 | -13 950.00 |
EBIT | -48 953.00 | -52 086.00 | -43 944.00 |
Net earnings | -38 498.00 | -41 955.00 | -35 515.00 |
Shareholders equity total | 13 502.00 | 11 547.00 | 11 032.00 |
Balance sheet total (assets) | 44 828.00 | 38 655.00 | 28 931.00 |
Net debt | 22 832.00 | 16 976.00 | 10 694.00 |
Profitability | |||
EBIT-% | |||
ROA | -109.2 % | -124.8 % | -130.0 % |
ROE | -285.1 % | -335.0 % | -314.6 % |
ROI | -133.8 % | -159.5 % | -174.1 % |
Economic value added (EVA) | -38 185.20 | -42 471.01 | -35 872.74 |
Solvency | |||
Equity ratio | 30.1 % | 29.9 % | 38.1 % |
Gearing | 169.1 % | 147.0 % | 96.9 % |
Relative net indebtedness % | |||
Liquidity | |||
Quick ratio | 0.4 | 0.5 | 0.6 |
Current ratio | 0.4 | 0.5 | 0.6 |
Cash and cash equivalents | |||
Capital use efficiency | |||
Trade debtors turnover (days) | |||
Net working capital % | |||
Credit risk | |||
Credit rating | BB | BB | BB |
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