Densen Audio ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Densen Audio ApS
Densen Audio ApS (CVR number: 42265691) is a company from AALBORG. The company recorded a gross profit of 31.9 kDKK in 2024. The operating profit was -173 kDKK, while net earnings were -174.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was -15 %, which can be considered poor and Return on Equity (ROE) was -28.3 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -50.6 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Densen Audio ApS's liquidity measured by quick ratio was 0.7 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 financials2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|
Volume | ||||
Net sales | ||||
Gross profit | 89.32 | -3.49 | -25.32 | 31.89 |
EBIT | -33.22 | - 179.94 | - 259.22 | - 173.03 |
Net earnings | -39.66 | - 184.77 | - 264.57 | - 174.86 |
Shareholders equity total | 0.34 | - 184.43 | - 449.00 | - 623.87 |
Balance sheet total (assets) | 658.81 | 526.04 | 627.75 | 610.17 |
Net debt | 509.12 | 610.35 | 902.62 | 1 093.03 |
Profitability | ||||
EBIT-% | ||||
ROA | -5.0 % | -26.3 % | -29.0 % | -15.0 % |
ROE | -11769.4 % | -70.2 % | -45.9 % | -28.3 % |
ROI | -5.9 % | -29.7 % | -32.6 % | -16.7 % |
Economic value added (EVA) | -33.77 | - 208.73 | - 284.25 | - 197.98 |
Solvency | ||||
Equity ratio | 0.1 % | -26.0 % | -41.7 % | -50.6 % |
Gearing | 166955.8 % | -350.0 % | -209.9 % | -179.5 % |
Relative net indebtedness % | ||||
Liquidity | ||||
Quick ratio | 0.1 | 0.0 | 0.7 | 0.7 |
Current ratio | 0.9 | 0.7 | 4.5 | 3.4 |
Cash and cash equivalents | 53.52 | 35.21 | 39.97 | 26.83 |
Capital use efficiency | ||||
Trade debtors turnover (days) | ||||
Net working capital % | ||||
Credit risk | ||||
Credit rating | BB | B | B | BB |
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