DEN DANSKE FORSKNINGSFOND — Credit Rating and Financial Key Figures
Credit rating
Company information
About DEN DANSKE FORSKNINGSFOND
DEN DANSKE FORSKNINGSFOND (CVR number: 16205036) is a company from RUDERSDAL. The company recorded a gross profit of -820.9 kDKK in 2023. The operating profit was -1832.2 kDKK, while net earnings were -29.9 mDKK. 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 -16.6 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 69.2 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. DEN DANSKE FORSKNINGSFOND's liquidity measured by quick ratio was 4.8 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | -1 324.18 | - 516.90 | -1 456.60 | - 627.98 | - 820.87 |
EBIT | -1 996.15 | -1 316.60 | -2 194.82 | -1 953.73 | -1 832.22 |
Net earnings | 63 460.55 | 59 975.58 | 31 506.58 | - 156 590.92 | -29 884.97 |
Shareholders equity total | 410 060.49 | 442 327.81 | 443 303.20 | 226 944.22 | 133 789.07 |
Balance sheet total (assets) | 410 530.08 | 442 558.30 | 443 557.93 | 258 694.70 | 193 449.99 |
Net debt | - 291 886.67 | - 298 467.03 | - 422 743.54 | - 221 459.21 | - 130 602.25 |
Profitability | |||||
EBIT-% | |||||
ROA | 18.2 % | 15.7 % | 8.2 % | -1.2 % | -3.8 % |
ROE | 16.3 % | 14.1 % | 7.1 % | -46.7 % | -16.6 % |
ROI | 18.2 % | 15.7 % | 8.2 % | -1.2 % | -4.1 % |
Economic value added (EVA) | -6 167.61 | -4 652.47 | -6 469.92 | - 334.53 | 3 109.43 |
Solvency | |||||
Equity ratio | 99.9 % | 99.9 % | 99.9 % | 87.7 % | 69.2 % |
Gearing | 9.3 % | 24.7 % | |||
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 780.2 | 1 296.2 | 1 659.6 | 11.3 | 4.8 |
Current ratio | 780.2 | 1 296.2 | 1 659.6 | 11.3 | 4.8 |
Cash and cash equivalents | 291 886.67 | 298 467.03 | 422 743.54 | 242 488.14 | 163 682.25 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | AA | AA | A | A | A |
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