Indigo Underwriters Danmark ApS — Credit Rating and Financial Key Figures

CVR number: 39793679
Kvæsthusgade 5 C, 1251 København K
torsten.brovang@indigounderwriters.com

Credit rating

Company information

Official name
Indigo Underwriters Danmark ApS
Personnel
8 persons
Established
2018
Company form
Private limited company
Industry
  • Expand more icon66Activities auxiliary to financial services and insurance activities

About Indigo Underwriters Danmark ApS

Indigo Underwriters Danmark ApS (CVR number: 39793679) is a company from KØBENHAVN. The company recorded a gross profit of 4809.8 kDKK in 2023. The operating profit was 82.1 kDKK, while net earnings were 70.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 6 %, which can be considered decent but Return on Equity (ROE) was 50.6 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 2.6 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. Indigo Underwriters Danmark ApS's liquidity measured by quick ratio was 0.9 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 profit-5.00649.28580.453 080.404 809.79
EBIT-5.00649.28-1 139.08-1 576.3582.06
Net earnings-5.00507.51- 894.20-1 158.4770.31
Shareholders equity total-5.00502.51- 351.69103.84174.15
Balance sheet total (assets)0.003 457.364 889.693 076.206 603.63
Net debt2 805.632 327.221 912.504 494.93
Profitability
EBIT-%
ROA-100.0 %18.8 %-26.2 %-33.8 %6.0 %
ROE-500000.0 %101.0 %-33.2 %-46.4 %50.6 %
ROI19.6 %-39.1 %-60.8 %8.5 %
Economic value added (EVA)-5.00507.80- 913.74-1 198.2372.43
Solvency
Equity ratio-100.0 %14.5 %-6.7 %3.4 %2.6 %
Gearing558.3 %-717.6 %1919.4 %2643.0 %
Relative net indebtedness %
Liquidity
Quick ratio0.01.20.90.90.9
Current ratio0.01.20.90.90.9
Cash and cash equivalents196.6480.60107.77
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBB

Variable visualization

ROA:6.04%
Rating: 46/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:2.64%
Rating: 3/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer
Chairman of the board
Board member

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