DANGATE ApS — Credit Rating and Financial Key Figures

CVR number: 33042620
Hadsundvej 22 B, 9575 Terndrup

Credit rating

Company information

Official name
DANGATE ApS
Personnel
5 persons
Established
2010
Company form
Private limited company
Industry

About DANGATE ApS

DANGATE ApS (CVR number: 33042620) is a company from REBILD. The company recorded a gross profit of 1954.5 kDKK in 2023. The operating profit was -85 kDKK, while net earnings were -321 kDKK. The profitability of the company measured by Return on Assets (ROA) was -0.4 %, which can be considered poor and Return on Equity (ROE) was -41.9 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 7.1 %, 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. DANGATE ApS's liquidity measured by quick ratio was 0.4 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 profit3 906.245 426.043 874.721 986.291 954.54
EBIT1 110.862 384.631 107.60- 125.52-85.04
Net earnings670.601 738.89670.60- 300.22- 320.96
Shareholders equity total1 226.222 055.631 226.22926.01605.05
Balance sheet total (assets)10 077.7811 389.527 748.487 189.128 572.03
Net debt1 823.11983.591 823.112 963.303 877.52
Profitability
EBIT-%
ROA14.9 %22.7 %11.8 %-1.7 %-0.4 %
ROE70.8 %106.0 %40.9 %-27.9 %-41.9 %
ROI26.3 %43.2 %20.1 %-2.7 %-0.5 %
Economic value added (EVA)658.321 618.79527.52- 337.50- 294.86
Solvency
Equity ratio12.2 %18.0 %15.8 %12.9 %7.1 %
Gearing284.8 %216.5 %284.8 %391.1 %1016.7 %
Relative net indebtedness %
Liquidity
Quick ratio0.60.60.40.20.4
Current ratio1.11.21.11.11.1
Cash and cash equivalents1 668.943 467.621 668.94658.152 274.08
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBABBBBBB

Variable visualization

ROA:-0.38%
Rating: 20/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:7.06%
Rating: 7/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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