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Paychex Europe Denmark ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Paychex Europe Denmark ApS
Paychex Europe Denmark ApS (CVR number: 37545694) is a company from ALLERØD. The company recorded a gross profit of 63.1 mDKK in 2024. The operating profit was -18.3 mDKK, while net earnings were -13.7 mDKK. The profitability of the company measured by Return on Assets (ROA) was -3.5 %, which can be considered poor and Return on Equity (ROE) was -3.1 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 78.1 %, 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. Paychex Europe Denmark ApS's liquidity measured by quick ratio was 0.6 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 financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | 22 500.00 | 54 217.00 | 32 843.00 | 49 786.00 | 63 081.00 |
| EBIT | 1 505.00 | 24 333.00 | 1 510.00 | -15 754.00 | -18 347.00 |
| Net earnings | -13 259.00 | -49 043.00 | - 109 963.00 | 148 252.00 | -13 674.00 |
| Shareholders equity total | 471 277.00 | 422 234.00 | 327 297.00 | 488 836.00 | 397 406.00 |
| Balance sheet total (assets) | 641 872.00 | 595 567.00 | 507 633.00 | 485 104.00 | 508 644.00 |
| Net debt | 110 602.00 | 145 820.00 | 149 712.00 | 40 483.00 | 66 318.00 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | -2.1 % | 14.3 % | 19.8 % | 29.3 % | -3.5 % |
| ROE | -2.6 % | -11.0 % | -29.3 % | 36.3 % | -3.1 % |
| ROI | -2.2 % | -6.6 % | -20.0 % | 30.7 % | -3.7 % |
| Economic value added (EVA) | -26 882.41 | -1 710.47 | -27 184.95 | -34 482.25 | -39 945.85 |
| Solvency | |||||
| Equity ratio | 73.4 % | 70.9 % | 64.5 % | 86.8 % | 78.1 % |
| Gearing | 25.7 % | 35.3 % | 47.1 % | 9.4 % | 20.6 % |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 0.2 | 0.1 | 0.2 | 0.7 | 0.6 |
| Current ratio | 0.2 | 0.1 | 0.2 | 0.7 | 0.6 |
| Cash and cash equivalents | 10 648.00 | 3 137.00 | 4 378.00 | 5 327.00 | 15 714.00 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | A | BBB | BBB | A | A |
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