INDKØBSFORENINGEN AVANCE A.M.B.A. — Credit Rating and Financial Key Figures

CVR number: 29753512
Troldbjergvej 6, 6960 Hvide Sande
info@avance-hvidesande.dk
tel: 97311107

Credit rating

Company information

Official name
INDKØBSFORENINGEN AVANCE A.M.B.A.
Personnel
5 persons
Established
1986
Industry

About INDKØBSFORENINGEN AVANCE A.M.B.A.

INDKØBSFORENINGEN AVANCE A.M.B.A. (CVR number: 29753512) is a company from RINGKØBING-SKJERN. The company recorded a gross profit of 1665.2 kDKK in 2024. The operating profit was 209.7 kDKK, while net earnings were 168.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 7.6 %, which can be considered decent but Return on Equity (ROE) was 8.6 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 71.5 %, 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. INDKØBSFORENINGEN AVANCE A.M.B.A.'s liquidity measured by quick ratio was 0.5 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
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit1 443.441 476.461 819.501 078.441 665.24
EBIT202.58269.35538.58- 354.79209.66
Net earnings254.16198.85334.32- 371.06168.74
Shareholders equity total1 723.531 949.832 305.561 944.491 983.72
Balance sheet total (assets)2 679.702 563.243 248.292 776.402 775.35
Net debt105.47-54.11- 115.12198.1593.04
Profitability
EBIT-%
ROA7.5 %10.3 %18.5 %-11.5 %7.6 %
ROE15.6 %10.8 %15.7 %-17.5 %8.6 %
ROI10.1 %14.0 %25.0 %-15.4 %9.7 %
Economic value added (EVA)37.95183.57349.25- 473.24154.07
Solvency
Equity ratio64.3 %76.1 %71.0 %70.0 %71.5 %
Gearing9.0 %1.6 %11.5 %6.5 %
Relative net indebtedness %
Liquidity
Quick ratio0.50.60.40.50.5
Current ratio2.93.93.33.13.3
Cash and cash equivalents49.3885.36115.1225.6736.62
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:7.55%
Rating: 50/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:71.5%
Rating: 54/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Chairman of the board
Board member

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