Second Sun APS — Credit Rating and Financial Key Figures

CVR number: 38181823
Vibeholmsvej 21, 2605 Brøndby
nm@secondsun.dk
tel: 53603638
secondsun.dk

Credit rating

Company information

Official name
Second Sun APS
Personnel
4 persons
Established
2016
Company form
Private limited company
Industry

About Second Sun APS

Second Sun APS (CVR number: 38181823) is a company from BRØNDBY. The company recorded a gross profit of 1302.5 kDKK in 2023. The operating profit was -483.8 kDKK, while net earnings were -494.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was -3.8 %, which can be considered poor and Return on Equity (ROE) was -34.4 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 12.5 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. Second Sun APS's liquidity measured by quick ratio was 0.2 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
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit- 238.47- 162.511 322.171 071.291 302.46
EBIT- 288.43- 224.24- 606.62-2 085.32- 483.83
Net earnings- 256.42- 204.47-51.02-1 786.05- 494.31
Shareholders equity total- 339.812 455.722 471.021 184.991 690.68
Balance sheet total (assets)4 504.875 738.859 708.9812 049.1813 508.59
Net debt2 100.95142.675 387.843 209.664 417.07
Profitability
EBIT-%
ROA-7.0 %-4.2 %-1.8 %-19.2 %-3.8 %
ROE-6.5 %-5.9 %-2.1 %-97.7 %-34.4 %
ROI-10.7 %-6.1 %-2.3 %-27.8 %-6.9 %
Economic value added (EVA)- 156.12-75.85- 153.16-1 411.4023.81
Solvency
Equity ratio-7.0 %42.8 %25.5 %9.8 %12.5 %
Gearing-776.4 %27.6 %228.8 %368.2 %267.4 %
Relative net indebtedness %
Liquidity
Quick ratio0.60.30.30.40.2
Current ratio0.60.30.30.40.2
Cash and cash equivalents537.14535.53265.011 153.78104.27
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBB

Variable visualization

ROA:-3.79%
Rating: 16/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:12.5%
Rating: 12/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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