Source2Sea A/S — Credit Rating and Financial Key Figures

CVR number: 42671223
Amagerfælledvej 106, 2300 København S

Credit rating

Company information

Official name
Source2Sea A/S
Personnel
20 persons
Established
2021
Company form
Limited company
Industry

About Source2Sea A/S

Source2Sea A/S (CVR number: 42671223) is a company from KØBENHAVN. The company recorded a gross profit of -20595 kDKK in 2023. The operating profit was -52.1 mDKK, while net earnings were -42 mDKK. The profitability of the company measured by Return on Assets (ROA) was -124.8 %, which can be considered poor and Return on Equity (ROE) was -335 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 29.9 %, 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 0.5 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2022
2023
Volume
Net sales
Gross profit-19 288.00-20 595.00
EBIT-48 953.00-52 086.00
Net earnings-38 498.00-41 955.00
Shareholders equity total13 502.0011 547.00
Balance sheet total (assets)44 828.0038 655.00
Net debt22 832.0016 976.00
Profitability
EBIT-%
ROA-109.2 %-124.8 %
ROE-285.1 %-335.0 %
ROI-133.8 %-159.5 %
Economic value added (EVA)-38 185.20-41 310.44
Solvency
Equity ratio30.1 %29.9 %
Gearing169.1 %147.0 %
Relative net indebtedness %
Liquidity
Quick ratio0.40.5
Current ratio0.40.5
Cash and cash equivalents
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBB

Variable visualization

ROA:-124.8%
Rating: 0/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:29.9%
Rating: 26/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Chairman of the board

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