GL24 A/S — Credit Rating and Financial Key Figures

CVR number: 39911558
Gyldenløvesgade 24, 1369 København K

Company information

Official name
GL24 A/S
Personnel
146 persons
Established
2018
Company form
Limited company
Industry

About GL24 A/S

GL24 A/S (CVR number: 39911558) is a company from KØBENHAVN. The company recorded a gross profit of 39.1 mDKK in 2023. The operating profit was 7793.3 kDKK, while net earnings were 4154.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 13.5 %, which can be considered good but Return on Equity (ROE) was 39.9 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 22.1 %, 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. GL24 A/S's liquidity measured by quick ratio was 0.8 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.

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 profit13 480.987 917.0329 553.6739 296.2439 141.85
EBIT1 101.47-3 355.804 396.127 959.827 793.35
Net earnings618.27-2 821.982 926.104 350.844 154.66
Shareholders equity total7 396.976 974.999 901.098 330.9412 485.60
Balance sheet total (assets)16 932.2518 927.0565 900.2058 764.4556 655.43
Net debt- 477.193 486.1945 294.2938 021.6836 110.46
Profitability
EBIT-%
ROA6.5 %-18.7 %10.4 %12.8 %13.5 %
ROE8.4 %-39.3 %34.7 %47.7 %39.9 %
ROI14.2 %-31.5 %12.8 %15.7 %16.4 %
Economic value added (EVA)823.51-2 966.693 331.004 444.154 455.77
Solvency
Equity ratio43.7 %36.9 %15.0 %14.2 %22.1 %
Gearing0.6 %93.6 %457.5 %456.4 %289.2 %
Relative net indebtedness %
Liquidity
Quick ratio0.20.40.50.40.8
Current ratio0.30.40.60.51.1
Cash and cash equivalents522.963 045.36
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingABBBAAAA

Variable visualization

ROA:13.5%
Rating: 64/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:22.1%
Rating: 21/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer
Chief executive officer

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