PASSON SOLUTIONS ApS — Credit Rating and Financial Key Figures

CVR number: 29402906
Prinsesse Maries Alle 17, 1908 Frederiksberg C
tel: 96606810

Company information

Official name
PASSON SOLUTIONS ApS
Personnel
2 persons
Established
2006
Company form
Private limited company
Industry

About PASSON SOLUTIONS ApS

PASSON SOLUTIONS ApS (CVR number: 29402906) is a company from FREDERIKSBERG. The company recorded a gross profit of 121.7 kDKK in 2023. The operating profit was 121.7 kDKK, while net earnings were 89.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 10 %, which can be considered good and Return on Equity (ROE) was 8.2 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 86.3 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. PASSON SOLUTIONS ApS's liquidity measured by quick ratio was 7.3 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit723.93584.93548.87197.36121.72
EBIT170.6162.2314.64197.36121.72
Net earnings127.5642.050.78146.0289.31
Shareholders equity total862.35904.40905.181 051.201 140.51
Balance sheet total (assets)1 321.611 605.251 201.491 171.031 322.12
Net debt- 145.64- 801.95-1 003.20- 969.86-1 223.42
Profitability
EBIT-%
ROA14.1 %4.3 %1.0 %16.6 %10.0 %
ROE16.0 %4.8 %0.1 %14.9 %8.2 %
ROI21.0 %6.9 %1.6 %20.1 %11.4 %
Economic value added (EVA)123.9313.709.64158.4789.56
Solvency
Equity ratio65.2 %56.3 %75.3 %89.8 %86.3 %
Gearing2.9 %0.3 %0.4 %
Relative net indebtedness %
Liquidity
Quick ratio3.12.55.39.87.3
Current ratio3.12.55.39.87.3
Cash and cash equivalents170.61804.801 006.90969.861 223.42
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBB

Variable visualization

ROA:10.00%
Rating: 57/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:86.3%
Rating: 66/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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