LIVE NATION DENMARK ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About LIVE NATION DENMARK ApS
LIVE NATION DENMARK ApS (CVR number: 15897309) is a company from KØBENHAVN. The company reported a net sales of 688.7 mDKK in 2023, demonstrating a growth of 61 % compared to the previous year. The operating profit percentage was at 2.2 % (EBIT: 15.4 mDKK), while net earnings were 21.8 mDKK. The profitability of the company measured by Return on Assets (ROA) was 6 %, which can be considered decent but Return on Equity (ROE) was 36.9 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 55.6 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. LIVE NATION DENMARK ApS's liquidity measured by quick ratio was 8.9 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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 467.96 | 48.35 | 117.69 | 427.77 | 688.72 |
Gross profit | 43.77 | 27.98 | 23.34 | 48.10 | 58.76 |
EBIT | 14.48 | -59.13 | -43.40 | 6.70 | 15.42 |
Net earnings | 10.39 | -5.00 | -6.22 | 3.54 | 21.83 |
Shareholders equity total | 55.85 | 50.85 | 44.63 | 48.17 | 70.00 |
Balance sheet total (assets) | 270.67 | 319.74 | 378.03 | 527.99 | 482.23 |
Net debt | - 209.73 | - 188.43 | |||
Profitability | |||||
EBIT-% | 3.1 % | -122.3 % | -36.9 % | 1.6 % | 2.2 % |
ROA | 4.6 % | -20.0 % | -12.4 % | 0.9 % | 6.0 % |
ROE | 20.5 % | -9.4 % | -13.0 % | 7.6 % | 36.9 % |
ROI | 9.0 % | -20.0 % | -12.4 % | 1.9 % | 38.0 % |
Economic value added (EVA) | 20.44 | -61.93 | -45.95 | 4.44 | 22.56 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 39.1 % | 55.6 % |
Gearing | 44.0 % | 1.9 % | |||
Relative net indebtedness % | 56.3 % | 30.7 % | |||
Liquidity | |||||
Quick ratio | 6.4 | 8.9 | |||
Current ratio | 1.0 | 1.1 | |||
Cash and cash equivalents | 230.93 | 189.78 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 20.6 | 15.9 | |||
Net working capital % | 3.9 % | 5.7 % | |||
Credit risk | |||||
Credit rating | A | BBB | BBB | A | A |
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