Nyhavn Watches ApS — Credit Rating and Financial Key Figures

CVR number: 37919659
Bredgade 10, 1260 København K

Company information

Official name
Nyhavn Watches ApS
Personnel
2 persons
Established
2016
Company form
Private limited company
Industry

About Nyhavn Watches ApS

Nyhavn Watches ApS (CVR number: 37919659) is a company from KØBENHAVN. The company recorded a gross profit of -135.1 kDKK in 2023. The operating profit was -135.1 kDKK, while net earnings were -596.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was -8.3 %, which can be considered poor and Return on Equity (ROE) was -76.2 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -75.6 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Nyhavn Watches ApS's liquidity measured by quick ratio was 0.1 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 profit8.28-16.04-87.52- 135.06
EBIT- 290.07-16.04-87.52- 135.06
Net earnings- 241.62-22.71-97.04- 596.27
Shareholders equity total- 259.76- 428.54- 451.25- 548.29-1 144.57
Balance sheet total (assets)1 203.02886.401 194.701 194.62370.12
Net debt-38.931 204.331 540.541 637.501 512.54
Profitability
EBIT-%
ROA-19.4 %-1.1 %-5.2 %-8.3 %
ROE-17.8 %-2.2 %-8.1 %-76.2 %
ROI-287.9 %-1.2 %-5.5 %-8.6 %
Economic value added (EVA)- 210.1620.079.27-45.59- 107.35
Solvency
Equity ratio-17.8 %-32.6 %-27.4 %-31.5 %-75.6 %
Gearing-38.8 %-282.2 %-341.4 %-298.7 %-132.3 %
Relative net indebtedness %
Liquidity
Quick ratio0.60.40.50.50.1
Current ratio0.80.60.70.60.2
Cash and cash equivalents139.675.201.97
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingCBBBBBBBB

Variable visualization

ROA:-8.29%
Rating: 12/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:-75.6%
Rating: 0/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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