Two Cents ApS — Credit Rating and Financial Key Figures

CVR number: 38900439
Pilestræde 35 F, 1112 København K

Credit rating

Company information

Official name
Two Cents ApS
Established
2017
Company form
Private limited company
Industry

About Two Cents ApS

Two Cents ApS (CVR number: 38900439) is a company from KØBENHAVN. The company recorded a gross profit of -24.1 kDKK in 2024. The operating profit was -24.1 kDKK, while net earnings were 120.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 2.2 %, which can be considered weak and Return on Equity (ROE) was 1.2 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 66.1 %, 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. Two Cents ApS's liquidity measured by quick ratio was 1 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
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit-81.77-14.50-43.28-30.49-24.06
EBIT-81.77-14.50-43.28-30.49-24.06
Net earnings438.94957.524 745.721 703.74120.09
Shareholders equity total2 752.603 710.138 455.8510 159.5910 279.68
Balance sheet total (assets)3 838.256 240.8113 807.6815 272.1415 559.41
Net debt829.621 236.311 993.434 396.824 582.38
Profitability
EBIT-%
ROA18.4 %19.6 %49.2 %12.5 %2.2 %
ROE17.3 %29.6 %78.0 %18.3 %1.2 %
ROI20.2 %22.4 %63.8 %14.2 %2.2 %
Economic value added (EVA)- 245.52- 206.87- 293.96- 548.65- 776.77
Solvency
Equity ratio71.7 %59.4 %61.2 %66.5 %66.1 %
Gearing38.5 %35.0 %23.7 %48.0 %45.4 %
Relative net indebtedness %
Liquidity
Quick ratio1.30.51.31.31.0
Current ratio1.30.51.31.31.0
Cash and cash equivalents229.7663.386.94480.2388.65
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBABBBABBB

Variable visualization

ROA:2.24%
Rating: 31/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:66.1%
Rating: 50/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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