Pingala Middle East ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Pingala Middle East ApS
Pingala Middle East ApS (CVR number: 38575767) is a company from BRØNDBY. The company recorded a gross profit of -83.8 kDKK in 2023. The operating profit was -83.8 kDKK, while net earnings were 2522.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 25.7 %, which can be considered excellent and Return on Equity (ROE) was 78.1 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 40.1 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. Pingala Middle East ApS's liquidity measured by quick ratio was 1.3 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 14 583.37 | 18 321.87 | 23 873.68 | - 706.53 | -83.83 |
EBIT | - 620.66 | 2 074.15 | 1 175.49 | - 706.53 | -83.83 |
Net earnings | - 458.23 | 994.59 | 1 357.53 | -1.05 | 2 522.77 |
Shareholders equity total | -1 405.19 | 613.65 | 1 971.18 | 1 970.13 | 4 492.91 |
Balance sheet total (assets) | 4 235.52 | 8 550.30 | 12 093.65 | 8 296.24 | 11 197.19 |
Net debt | 4 606.78 | 5 017.28 | 4 650.58 | 6 201.27 | 6 629.60 |
Profitability | |||||
EBIT-% | |||||
ROA | -9.7 % | 29.2 % | 18.9 % | 0.3 % | 25.7 % |
ROE | -10.7 % | 41.0 % | 105.0 % | -0.1 % | 78.1 % |
ROI | -10.7 % | 39.6 % | 29.0 % | 0.4 % | 25.9 % |
Economic value added (EVA) | - 432.43 | 1 691.09 | 898.30 | - 602.01 | - 163.94 |
Solvency | |||||
Equity ratio | -24.9 % | 7.2 % | 16.3 % | 23.7 % | 40.1 % |
Gearing | -327.8 % | 854.7 % | 284.6 % | 315.2 % | 148.8 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 0.7 | 1.2 | 1.3 | 1.3 | 1.3 |
Current ratio | 0.7 | 1.2 | 1.3 | 1.3 | 1.3 |
Cash and cash equivalents | 227.40 | 958.81 | 8.88 | 54.68 | |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | BBB | A | BB | A |
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