Spring Estate A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Spring Estate A/S
Spring Estate A/S (CVR number: 37230065) is a company from KOLDING. The company recorded a gross profit of -385.9 kDKK in 2024. The operating profit was -385.9 kDKK, while net earnings were 1430.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3.6 %, which can be considered weak and Return on Equity (ROE) was 1.1 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 61.7 %, 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. Spring Estate A/S's liquidity measured by quick ratio was 0.6 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | - 125.56 | -93.56 | 2 517.54 | - 278.42 | - 385.87 |
EBIT | - 125.56 | -93.56 | 2 517.54 | - 278.42 | - 385.87 |
Net earnings | 5 292.59 | 11 930.39 | 8 567.49 | 1 640.64 | 1 430.57 |
Shareholders equity total | 105 186.80 | 117 117.19 | 125 684.68 | 127 325.32 | 128 755.89 |
Balance sheet total (assets) | 168 870.12 | 205 419.69 | 230 713.32 | 268 787.48 | 257 127.40 |
Net debt | 62 414.49 | 86 735.67 | 103 840.40 | 114 002.08 | 111 152.47 |
Profitability | |||||
EBIT-% | |||||
ROA | 4.1 % | 7.9 % | 5.2 % | 2.9 % | 3.6 % |
ROE | 5.2 % | 10.7 % | 7.1 % | 1.3 % | 1.1 % |
ROI | 4.1 % | 7.9 % | 5.2 % | 2.9 % | 3.6 % |
Economic value added (EVA) | 6 558.36 | 7 013.73 | 9 681.01 | 8 567.82 | 10 173.84 |
Solvency | |||||
Equity ratio | 80.1 % | 71.6 % | 67.5 % | 58.5 % | 61.7 % |
Gearing | 60.5 % | 75.3 % | 83.5 % | 111.0 % | 99.7 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 0.4 | 0.7 | 0.6 | 0.7 | 0.6 |
Current ratio | 0.4 | 0.7 | 0.6 | 0.7 | 0.6 |
Cash and cash equivalents | 1 182.82 | 1 476.25 | 1 093.47 | 27 337.69 | 17 167.56 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | A | A | A | A | A |
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