Innovation Power-Tech ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Innovation Power-Tech ApS
Innovation Power-Tech ApS (CVR number: 37681385) is a company from MIDDELFART. The company recorded a gross profit of -36 kDKK in 2023. The operating profit was -40.6 kDKK, while net earnings were -40.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was -55.3 %, which can be considered poor and Return on Equity (ROE) was -178.9 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -46.2 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Innovation Power-Tech ApS's liquidity measured by quick ratio was 0.5 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 financials2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | 177.00 | -19.00 | -26.00 | 32.00 | -35.96 |
| EBIT | -52.00 | - 127.00 | - 106.00 | -53.00 | -40.62 |
| Net earnings | -48.00 | - 127.00 | - 125.00 | -53.00 | -40.67 |
| Shareholders equity total | 315.00 | 188.00 | 63.00 | 10.00 | -30.40 |
| Balance sheet total (assets) | 470.00 | 235.00 | 125.00 | 81.00 | 35.47 |
| Net debt | -51.00 | -12.00 | -33.00 | -54.00 | -30.31 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | -10.3 % | -36.0 % | -58.9 % | -51.5 % | -55.3 % |
| ROE | -14.2 % | -50.5 % | -99.6 % | -145.2 % | -178.9 % |
| ROI | -15.3 % | -50.5 % | -84.5 % | -145.2 % | -812.4 % |
| Economic value added (EVA) | -51.50 | - 137.75 | - 131.83 | -54.51 | -38.41 |
| Solvency | |||||
| Equity ratio | 67.0 % | 80.0 % | 50.4 % | 12.3 % | -46.2 % |
| Gearing | |||||
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 1.4 | 1.6 | 1.1 | 1.1 | 0.5 |
| Current ratio | 1.4 | 1.6 | 1.1 | 1.1 | 0.5 |
| Cash and cash equivalents | 51.00 | 12.00 | 33.00 | 54.00 | 30.31 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BB | B | BB | BB | BB |
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