DEN KONGELIGE DANSKE BALLETS FOND — Credit Rating and Financial Key Figures
Credit rating
Company information
About DEN KONGELIGE DANSKE BALLETS FOND
DEN KONGELIGE DANSKE BALLETS FOND (CVR number: 21516244) is a company from KØBENHAVN. The company reported a net sales of 0.5 mDKK in 2023, demonstrating a growth of 58.4 % compared to the previous year. The operating profit percentage was at 10.5 % (EBIT: 0.1 mDKK), while net earnings were 47.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 10.6 %, which can be considered good and Return on Equity (ROE) was 11.8 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 75.6 %, 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. DEN KONGELIGE DANSKE BALLETS FOND's liquidity measured by quick ratio was 4.1 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 financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 250.00 | 314.95 | 499.00 | ||
Gross profit | -21.16 | -25.14 | 40.42 | 74.36 | 61.48 |
EBIT | -21.16 | -25.14 | 40.42 | 66.81 | 52.35 |
Net earnings | -21.16 | -25.14 | 33.49 | 59.73 | 47.81 |
Shareholders equity total | 313.60 | 288.47 | 321.96 | 381.69 | 429.50 |
Balance sheet total (assets) | 313.60 | 288.47 | 321.96 | 421.69 | 568.46 |
Net debt | - 305.79 | - 279.09 | - 319.16 | - 417.38 | - 534.46 |
Profitability | |||||
EBIT-% | 16.2 % | 21.2 % | 10.5 % | ||
ROA | -6.5 % | -8.3 % | 13.2 % | 18.0 % | 10.6 % |
ROE | -6.5 % | -8.3 % | 11.0 % | 17.0 % | 11.8 % |
ROI | -6.5 % | -8.3 % | 13.2 % | 19.0 % | 12.9 % |
Economic value added (EVA) | -21.41 | -24.02 | 39.95 | 66.67 | 56.66 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 90.5 % | 75.6 % |
Gearing | |||||
Relative net indebtedness % | -127.7 % | -119.8 % | -79.3 % | ||
Liquidity | |||||
Quick ratio | 10.5 | 4.1 | |||
Current ratio | 10.5 | 4.1 | |||
Cash and cash equivalents | 305.79 | 279.09 | 319.16 | 417.38 | 534.46 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | 128.8 % | 121.2 % | 86.1 % | ||
Credit risk | |||||
Credit rating | B | B | BB | BB | BB |
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