GMS Innovation A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About GMS Innovation A/S
GMS Innovation A/S (CVR number: 21705705) is a company from SØNDERBORG. The company recorded a gross profit of 5012.3 kDKK in 2023. The operating profit was -1188.3 kDKK, while net earnings were -884.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was -17.4 %, which can be considered poor and Return on Equity (ROE) was -21.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 55.1 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. GMS Innovation A/S's liquidity measured by quick ratio was 1.5 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 14 314.00 | 4 961.00 | 6 930.00 | 7 153.28 | 5 012.35 |
EBIT | 5 779.00 | -63.00 | 1 733.00 | 1 299.04 | -1 188.26 |
Net earnings | 4 370.00 | 3.00 | 1 398.00 | 1 041.60 | - 884.74 |
Shareholders equity total | 8 370.00 | 4 003.00 | 5 401.00 | 5 041.60 | 3 115.26 |
Balance sheet total (assets) | 13 961.00 | 5 419.00 | 7 810.00 | 7 365.72 | 5 648.95 |
Net debt | -1 966.00 | -1 055.00 | - 834.00 | -1 939.52 | 1 460.68 |
Profitability | |||||
EBIT-% | |||||
ROA | 43.8 % | 0.4 % | 27.5 % | 17.7 % | -17.4 % |
ROE | 59.9 % | 0.0 % | 29.7 % | 19.9 % | -21.7 % |
ROI | 70.9 % | 0.5 % | 35.9 % | 24.0 % | -22.8 % |
Economic value added (EVA) | 4 233.56 | - 364.82 | 1 202.83 | 785.56 | -1 079.38 |
Solvency | |||||
Equity ratio | 60.0 % | 73.9 % | 69.2 % | 68.4 % | 55.1 % |
Gearing | 0.4 % | 0.6 % | 1.1 % | 1.7 % | 47.6 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 2.7 | 3.0 | 3.3 | 2.7 | 1.5 |
Current ratio | 2.7 | 3.2 | 3.4 | 2.8 | 1.6 |
Cash and cash equivalents | 2 000.00 | 1 080.00 | 896.00 | 2 023.94 | 22.71 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | AA | A | A | A | BBB |
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