DEN ERHVERVSDRIVENDE FOND RINGKØBING FJORD INNOVATIONSCENTER — Credit Rating and Financial Key Figures

CVR number: 34058288
Ånumvej 28, 6900 Skjern

Credit rating

Company information

Official name
DEN ERHVERVSDRIVENDE FOND RINGKØBING FJORD INNOVATIONSCENTER
Established
2011
Industry

About DEN ERHVERVSDRIVENDE FOND RINGKØBING FJORD INNOVATIONSCENTER

DEN ERHVERVSDRIVENDE FOND RINGKØBING FJORD INNOVATIONSCENTER (CVR number: 34058288) is a company from RINGKØBING-SKJERN. The company recorded a gross profit of 795.2 kDKK in 2024. The operating profit was 369.1 kDKK, while net earnings were 152.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 2.3 %, which can be considered weak and Return on Equity (ROE) was 3.2 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 29.8 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. DEN ERHVERVSDRIVENDE FOND RINGKØBING FJORD INNOVATIONSCENTER's liquidity measured by quick ratio was 0.3 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
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit630.96767.58682.38745.36795.18
EBIT112.68363.91269.09319.23369.05
Net earnings6.91262.04125.80129.11152.19
Shareholders equity total4 146.274 408.314 534.114 663.224 815.42
Balance sheet total (assets)17 578.3117 303.2016 960.2416 545.4416 220.92
Net debt3 906.113 660.833 759.183 579.803 331.80
Profitability
EBIT-%
ROA0.6 %2.1 %1.6 %1.9 %2.3 %
ROE0.2 %6.1 %2.8 %2.8 %3.2 %
ROI1.4 %4.5 %3.3 %3.9 %4.5 %
Economic value added (EVA)-67.88183.29- 133.73-34.17-65.36
Solvency
Equity ratio24.9 %26.5 %27.5 %28.6 %29.8 %
Gearing94.3 %83.2 %82.9 %76.8 %69.2 %
Relative net indebtedness %
Liquidity
Quick ratio0.20.30.20.20.3
Current ratio0.20.30.20.20.3
Cash and cash equivalents5.664.861.310.960.74
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBB

Variable visualization

ROA:2.25%
Rating: 31/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:29.8%
Rating: 26/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

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