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LOGIC MINDS ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About LOGIC MINDS ApS
LOGIC MINDS ApS (CVR number: 29224617) is a company from FURESØ. The company recorded a gross profit of 187.2 kDKK in 2024. The operating profit was -139 kDKK, while net earnings were -168.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was -26.6 %, which can be considered poor and Return on Equity (ROE) was -48.3 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 60.9 %, 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. LOGIC MINDS ApS's liquidity measured by quick ratio was 2.5 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | -32.68 | 75.02 | 507.36 | 246.78 | 187.16 |
| EBIT | -54.59 | 47.19 | 328.90 | -11.25 | - 139.03 |
| Net earnings | 92.02 | 8.57 | 125.03 | 131.53 | - 168.37 |
| Shareholders equity total | 285.74 | 294.32 | 419.34 | 433.07 | 264.69 |
| Balance sheet total (assets) | 593.99 | 631.77 | 613.84 | 602.32 | 434.46 |
| Net debt | - 564.99 | - 626.40 | - 612.58 | - 590.26 | - 402.99 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 21.9 % | 7.7 % | 68.6 % | 28.8 % | -26.6 % |
| ROE | 38.4 % | 3.0 % | 35.0 % | 30.9 % | -48.3 % |
| ROI | 33.1 % | 16.2 % | 106.4 % | 37.3 % | -39.5 % |
| Economic value added (EVA) | -64.30 | 19.15 | 173.63 | -29.73 | - 160.79 |
| Solvency | |||||
| Equity ratio | 48.1 % | 46.6 % | 68.3 % | 71.9 % | 60.9 % |
| Gearing | |||||
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 1.9 | 1.9 | 5.7 | 4.4 | 2.5 |
| Current ratio | 1.9 | 1.9 | 5.7 | 4.4 | 2.5 |
| Cash and cash equivalents | 564.99 | 626.40 | 612.58 | 590.26 | 402.99 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BB | BBB | BBB | BBB | BB |
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