Credit rating
Company information
About MODERN LAMPS ApS
MODERN LAMPS ApS (CVR number: 34046948) is a company from KØBENHAVN. The company reported a net sales of 0.7 mDKK in 2022, demonstrating a decline of -38.1 % compared to the previous year. The operating profit percentage was poor at -67.8 % (EBIT: -0.5 mDKK), while net earnings were -432.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was -36.7 %, which can be considered poor and Return on Equity (ROE) was -58.4 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 49.3 %, 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. MODERN LAMPS ApS's liquidity measured by quick ratio was 2.5 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 financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2018 | 2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 1 367.32 | 1 434.96 | 1 562.31 | 1 194.12 | 739.68 |
Gross profit | 729.40 | 743.76 | 962.90 | 666.17 | 253.44 |
EBIT | - 122.33 | -84.88 | 345.29 | - 192.89 | - 501.14 |
Net earnings | - 105.10 | -77.71 | 292.00 | - 189.30 | - 432.87 |
Shareholders equity total | 932.58 | 854.87 | 1 146.87 | 957.57 | 524.70 |
Balance sheet total (assets) | 1 241.31 | 1 198.60 | 1 760.62 | 1 663.32 | 1 065.08 |
Net debt | - 350.30 | - 418.61 | - 409.11 | - 727.13 | - 291.04 |
Profitability | |||||
EBIT-% | -8.9 % | -5.9 % | 22.1 % | -16.2 % | -67.8 % |
ROA | -9.5 % | -7.0 % | 25.7 % | -11.3 % | -36.7 % |
ROE | -10.7 % | -8.7 % | 29.2 % | -18.0 % | -58.4 % |
ROI | -12.2 % | -9.2 % | 37.5 % | -18.3 % | -67.2 % |
Economic value added (EVA) | - 116.97 | -94.65 | 252.56 | - 188.75 | - 404.22 |
Solvency | |||||
Equity ratio | 75.1 % | 71.3 % | 65.1 % | 57.6 % | 49.3 % |
Gearing | 4.1 % | 3.3 % | 0.0 % | 1.8 % | |
Relative net indebtedness % | -5.8 % | -7.2 % | 13.1 % | -1.8 % | 32.4 % |
Liquidity | |||||
Quick ratio | 1.6 | 1.8 | 0.7 | 1.1 | 2.5 |
Current ratio | 4.2 | 3.7 | 2.1 | 2.3 | 5.3 |
Cash and cash equivalents | 388.59 | 447.08 | 409.44 | 727.13 | 300.47 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 4.7 | 12.5 | 1.3 | ||
Net working capital % | 67.6 % | 59.7 % | 42.4 % | 77.9 % | 113.9 % |
Credit risk | |||||
Credit rating | BB | BB | BBB | B | B |
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