World Medicine ApS — Credit Rating and Financial Key Figures

CVR number: 38556576
Vibevej 37, 7600 Struer

Company information

Official name
World Medicine ApS
Established
2017
Company form
Private limited company
Industry

About World Medicine ApS

World Medicine ApS (CVR number: 38556576) is a company from STRUER. The company recorded a gross profit of 403.8 kDKK in 2023. The operating profit was 403.8 kDKK, while net earnings were 294.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 20.2 %, which can be considered excellent and Return on Equity (ROE) was 23.7 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 66.4 %, 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. World Medicine ApS's liquidity measured by quick ratio was 0 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 profit406.95393.70335.03321.16403.80
EBIT406.95393.70335.03321.16403.80
Net earnings281.82276.98234.70222.53294.73
Shareholders equity total701.57923.251 044.951 153.081 330.01
Balance sheet total (assets)2 091.862 001.862 041.862 001.862 001.86
Net debt1 328.79790.85479.15194.13208.98
Profitability
EBIT-%
ROA19.9 %19.2 %16.6 %15.9 %20.2 %
ROE48.0 %34.1 %23.8 %20.2 %23.7 %
ROI20.6 %21.0 %20.7 %22.4 %28.0 %
Economic value added (EVA)293.62271.79214.13197.95256.97
Solvency
Equity ratio33.5 %46.1 %51.2 %57.6 %66.4 %
Gearing189.4 %85.7 %45.9 %16.8 %15.7 %
Relative net indebtedness %
Liquidity
Quick ratio0.10.0
Current ratio0.10.0
Cash and cash equivalents
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAAAA

Variable visualization

ROA:20.2%
Rating: 74/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:66.4%
Rating: 51/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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