Second Sun APS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Second Sun APS
Second Sun APS (CVR number: 38181823) is a company from BRØNDBY. The company recorded a gross profit of 6419.6 kDKK in 2024. The operating profit was -3694.2 kDKK, while net earnings were -3139.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was -33.8 %, which can be considered poor and Return on Equity (ROE) was -69 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -11.3 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Second Sun APS's liquidity measured by quick ratio was 0.7 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 financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | - 162.51 | 1 322.17 | 1 071.29 | 1 302.46 | 6 419.56 |
| EBIT | - 224.24 | - 606.62 | -2 085.32 | - 483.83 | -3 694.18 |
| Net earnings | - 204.47 | -51.02 | -1 786.05 | - 494.31 | -3 139.78 |
| Shareholders equity total | 2 455.72 | 2 471.02 | 1 184.99 | 1 690.68 | - 944.21 |
| Balance sheet total (assets) | 5 738.85 | 9 708.98 | 12 049.18 | 13 508.59 | 7 412.80 |
| Net debt | 142.67 | 5 387.84 | 3 209.66 | 4 417.07 | 4 095.74 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | -4.2 % | -1.8 % | -19.2 % | -3.8 % | -33.8 % |
| ROE | -5.9 % | -2.1 % | -97.7 % | -34.4 % | -69.0 % |
| ROI | -6.1 % | -2.3 % | -27.8 % | -6.9 % | -57.5 % |
| Economic value added (EVA) | - 325.23 | - 621.69 | -2 078.22 | - 681.89 | -3 376.87 |
| Solvency | |||||
| Equity ratio | 42.8 % | 25.5 % | 9.8 % | 12.5 % | -11.3 % |
| Gearing | 27.6 % | 228.8 % | 368.2 % | 267.4 % | -499.5 % |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 0.3 | 0.3 | 0.4 | 0.2 | 0.7 |
| Current ratio | 0.3 | 0.3 | 0.4 | 0.2 | 0.7 |
| Cash and cash equivalents | 535.53 | 265.01 | 1 153.78 | 104.27 | 620.31 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BBB | BBB | BB | BBB | B |
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