Glad United ApS — Credit Rating and Financial Key Figures

CVR number: 39014106
Stockholmsgade 43, 2100 København Ø
mglad@mac.com
tel: 40582623

Company information

Official name
Glad United ApS
Established
2017
Company form
Private limited company
Industry

About Glad United ApS

Glad United ApS (CVR number: 39014106) is a company from KØBENHAVN. The company reported a net sales of 3 mDKK in 2023, demonstrating a growth of -148.5 % compared to the previous year. The operating profit percentage was at 94.5 % (EBIT: 2.8 mDKK), while net earnings were 3843.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 20.3 %, which can be considered excellent and Return on Equity (ROE) was 21.9 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 87.4 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. Glad United ApS's liquidity measured by quick ratio was 7.5 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 financials

Net sales (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales4 410.793 581.02-6 085.892 950.78
Gross profit-12.504 398.293 531.86-6 252.892 787.97
EBIT-12.504 398.293 531.86-6 252.892 787.97
Net earnings- 270.104 398.293 531.80-6 026.613 843.28
Shareholders equity total13 789.9618 188.2521 720.0615 636.2519 422.13
Balance sheet total (assets)13 878.9818 289.7721 884.0818 769.6622 213.77
Net debt48.0289.0288.23-5 568.72-2 347.64
Profitability
EBIT-%99.7 %98.6 %94.5 %
ROA-1.9 %27.3 %17.6 %-27.3 %20.3 %
ROE-1.9 %27.5 %17.7 %-32.3 %21.9 %
ROI-1.9 %27.4 %17.6 %-27.4 %20.5 %
Economic value added (EVA)-11.334 400.013 726.21-5 881.202 283.62
Solvency
Equity ratio99.4 %99.4 %99.3 %83.3 %87.4 %
Gearing0.3 %0.5 %0.5 %19.9 %12.9 %
Relative net indebtedness %2.3 %4.2 %91.2 %-69.9 %
Liquidity
Quick ratio0.60.50.413.97.5
Current ratio0.60.50.413.97.5
Cash and cash equivalents13.298 684.094 854.51
Capital use efficiency
Trade debtors turnover (days)
Net working capital %-1.1 %-2.7 %-142.5 %206.9 %
Credit risk
Credit ratingAAABBBAA

Variable visualization

ROA:20.3%
Rating: 74/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:87.4%
Rating: 67/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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