MUSIC QUAY A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About MUSIC QUAY A/S
MUSIC QUAY A/S (CVR number: 25843843) is a company from KØBENHAVN. The company recorded a gross profit of 145.2 kDKK in 2024. The operating profit was 1.2 kDKK, while net earnings were -6.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 0.9 %, which can be considered weak but Return on Equity (ROE) was -2.4 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 61 %, 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. MUSIC QUAY A/S's liquidity measured by quick ratio was 2.6 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 financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | 140.65 | 339.81 | 178.36 | 174.34 | 145.16 |
| EBIT | 7.00 | 211.00 | 30.00 | 51.34 | 1.16 |
| Net earnings | -8.00 | 154.00 | 21.00 | 26.65 | -6.67 |
| Shareholders equity total | 84.00 | 238.00 | 259.00 | 285.58 | 278.91 |
| Balance sheet total (assets) | 346.00 | 543.00 | 556.00 | 464.50 | 456.94 |
| Net debt | 184.65 | 45.19 | 78.83 | 5.39 | 53.60 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 3.6 % | 48.2 % | 6.1 % | 10.9 % | 0.9 % |
| ROE | -9.1 % | 95.7 % | 8.5 % | 9.8 % | -2.4 % |
| ROI | 4.0 % | 53.2 % | 6.7 % | 11.8 % | 1.0 % |
| Economic value added (EVA) | -9.12 | 144.03 | 5.15 | 5.91 | -20.39 |
| Solvency | |||||
| Equity ratio | 24.2 % | 43.8 % | 46.5 % | 61.5 % | 61.0 % |
| Gearing | 283.2 % | 103.9 % | 99.3 % | 50.2 % | 53.4 % |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 1.3 | 1.8 | 1.9 | 2.6 | 2.6 |
| Current ratio | 1.3 | 1.8 | 1.9 | 2.6 | 2.6 |
| Cash and cash equivalents | 53.22 | 202.20 | 178.46 | 137.94 | 95.45 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BB | BB | BB | BB | BB |
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