GLOBAL AIRLINE CONNECT ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About GLOBAL AIRLINE CONNECT ApS
GLOBAL AIRLINE CONNECT ApS (CVR number: 32890180) is a company from KØBENHAVN. The company recorded a gross profit of 2456.9 kDKK in 2024. The operating profit was -2529.9 kDKK, while net earnings were -2524.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was -43.9 %, which can be considered poor and Return on Equity (ROE) was -91.4 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 20.9 %, 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. GLOBAL AIRLINE CONNECT ApS's liquidity measured by quick ratio was 1.2 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 1 671.85 | 2 011.17 | 3 406.45 | 6 939.42 | 2 456.91 |
EBIT | -1 096.85 | - 554.74 | 1 659.38 | 3 463.62 | -2 529.92 |
Net earnings | - 950.15 | - 437.74 | 1 266.77 | 2 758.26 | -2 524.78 |
Shareholders equity total | 1 052.34 | 614.60 | 1 881.38 | 4 639.64 | 884.85 |
Balance sheet total (assets) | 2 868.89 | 2 385.82 | 3 285.37 | 6 828.82 | 4 237.00 |
Net debt | 166.87 | 235.79 | - 263.84 | -1 135.02 | -1 083.29 |
Profitability | |||||
EBIT-% | |||||
ROA | -27.4 % | -21.1 % | 59.0 % | 70.7 % | -43.9 % |
ROE | -62.2 % | -52.5 % | 101.5 % | 84.6 % | -91.4 % |
ROI | -36.2 % | -31.0 % | 70.1 % | 84.8 % | -69.6 % |
Economic value added (EVA) | -1 014.91 | - 453.63 | 1 306.79 | 2 676.88 | -2 665.12 |
Solvency | |||||
Equity ratio | 36.7 % | 25.8 % | 57.3 % | 67.9 % | 20.9 % |
Gearing | 76.8 % | 180.2 % | 62.3 % | 15.9 % | 81.1 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 1.1 | 0.9 | 2.3 | 5.2 | 1.2 |
Current ratio | 1.1 | 0.9 | 2.3 | 5.2 | 1.2 |
Cash and cash equivalents | 641.22 | 871.93 | 1 435.87 | 1 872.95 | 1 801.20 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BB | BB | BBB | BBB | BB |
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