LET-FLYT ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About LET-FLYT ApS
LET-FLYT ApS (CVR number: 38284711) is a company from KØBENHAVN. The company recorded a gross profit of 277.4 kDKK in 2024. The operating profit was -125 kDKK, while net earnings were -105 kDKK. The profitability of the company measured by Return on Assets (ROA) was -57.2 %, which can be considered poor and Return on Equity (ROE) was -112.1 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 28 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. LET-FLYT ApS's liquidity measured by quick ratio was 1.4 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 357.50 | 689.25 | 376.27 | 550.31 | 277.40 |
EBIT | 30.93 | 50.90 | - 166.32 | 72.55 | - 125.02 |
Net earnings | 27.55 | 34.81 | - 138.18 | 55.86 | - 105.05 |
Shareholders equity total | 193.73 | 228.54 | 90.36 | 146.22 | 41.18 |
Balance sheet total (assets) | 381.83 | 420.12 | 271.20 | 289.49 | 146.84 |
Net debt | -26.65 | - 136.59 | -51.91 | - 192.43 | -28.73 |
Profitability | |||||
EBIT-% | |||||
ROA | 9.8 % | 12.7 % | -48.1 % | 25.9 % | -57.2 % |
ROE | 15.3 % | 16.5 % | -86.7 % | 47.2 % | -112.1 % |
ROI | 15.8 % | 21.4 % | -84.8 % | 49.5 % | -125.1 % |
Economic value added (EVA) | 21.91 | 28.60 | - 137.84 | 56.38 | -96.76 |
Solvency | |||||
Equity ratio | 50.7 % | 54.4 % | 33.3 % | 50.5 % | 28.0 % |
Gearing | 15.8 % | 9.7 % | 56.6 % | 3.9 % | 15.4 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 0.8 | 1.2 | 0.9 | 1.6 | 1.4 |
Current ratio | 0.8 | 1.2 | 0.9 | 1.6 | 1.4 |
Cash and cash equivalents | 57.31 | 158.83 | 103.06 | 198.19 | 35.07 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BB | BB | BB | BB | BB |
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