Ginnungagap ApS — Credit Rating and Financial Key Figures

CVR number: 38700766
Skotlandsgade 1, 2300 København S
mikkel@56n.dk
tel: 30333204

Credit rating

Company information

Official name
Ginnungagap ApS
Established
2017
Company form
Private limited company
Industry

About Ginnungagap ApS

Ginnungagap ApS (CVR number: 38700766) is a company from KØBENHAVN. The company recorded a gross profit of -11.9 kDKK in 2024. The operating profit was -11.9 kDKK, while net earnings were 474 kDKK. The profitability of the company measured by Return on Assets (ROA) was 77 %, which can be considered excellent and Return on Equity (ROE) was 106.4 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 75.5 %, 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. Ginnungagap 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit-58.00-23.00-6.00-7.36-11.85
EBIT-58.00-23.00-6.00-7.36-11.85
Net earnings6.00-49.0018.00171.37473.95
Shareholders equity total98.0049.0068.00239.03651.99
Balance sheet total (assets)195.00115.00107.00361.34863.61
Net debt5.007.0014.0049.21-48.74
Profitability
EBIT-%
ROA-1.4 %-34.8 %16.2 %72.5 %77.0 %
ROE6.3 %-66.7 %30.8 %111.6 %106.4 %
ROI-2.0 %-41.9 %17.3 %82.7 %91.8 %
Economic value added (EVA)-53.28-25.69-10.42-10.91-22.87
Solvency
Equity ratio50.3 %42.6 %63.6 %66.2 %75.5 %
Gearing56.1 %114.3 %51.5 %28.6 %10.5 %
Relative net indebtedness %
Liquidity
Quick ratio0.81.11.10.81.3
Current ratio0.81.11.10.81.3
Cash and cash equivalents50.0049.0021.0019.08117.02
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBB

Variable visualization

ROA:77.0%
Rating: 100/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:75.5%
Rating: 56/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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