GRINDSTED AUTOMATSERVICE ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About GRINDSTED AUTOMATSERVICE ApS
GRINDSTED AUTOMATSERVICE ApS (CVR number: 35047409) is a company from BILLUND. The company recorded a gross profit of 127.7 kDKK in 2023. The operating profit was -29.4 kDKK, while net earnings were -14.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was -3.1 %, which can be considered poor and Return on Equity (ROE) was -4.1 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 69.8 %, 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. GRINDSTED AUTOMATSERVICE ApS's liquidity measured by quick ratio was 3.2 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 | 119.22 | 35.41 | 41.77 | 126.79 | 127.75 |
EBIT | 72.65 | 2.64 | -10.17 | 67.67 | -29.39 |
Net earnings | 60.18 | 20.64 | -13.06 | 50.98 | -14.23 |
Shareholders equity total | 297.36 | 318.00 | 304.94 | 355.91 | 341.69 |
Balance sheet total (assets) | 351.40 | 445.36 | 401.64 | 468.78 | 489.43 |
Net debt | 27.32 | 57.80 | 82.48 | 75.11 | 105.06 |
Profitability | |||||
EBIT-% | |||||
ROA | 19.2 % | 0.7 % | -2.4 % | 15.5 % | -3.1 % |
ROE | 22.5 % | 6.7 % | -4.2 % | 15.4 % | -4.1 % |
ROI | 25.6 % | 0.8 % | -2.7 % | 16.5 % | -3.4 % |
Economic value added (EVA) | 51.11 | -12.30 | -23.92 | 37.44 | -40.83 |
Solvency | |||||
Equity ratio | 84.6 % | 71.4 % | 75.9 % | 75.9 % | 69.8 % |
Gearing | 9.2 % | 18.2 % | 27.0 % | 21.2 % | 30.8 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 6.1 | 3.2 | 4.0 | 4.0 | 3.2 |
Current ratio | 6.4 | 3.3 | 4.2 | 4.2 | 3.3 |
Cash and cash equivalents | 0.20 | 0.20 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BB | BB | BB | BB | BB |
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