BEST MUSIC ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About BEST MUSIC ApS
BEST MUSIC ApS (CVR number: 28312032) is a company from HERLEV. The company recorded a gross profit of -723.9 kDKK in 2024. The operating profit was -775.2 kDKK, while net earnings were -839.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was -5.7 %, which can be considered poor and Return on Equity (ROE) was -109.1 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -94.6 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. BEST MUSIC ApS's liquidity measured by quick ratio was 0.6 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | - 755.91 | - 757.03 | - 662.01 | - 244.56 | - 723.88 |
EBIT | -1 230.79 | -1 113.50 | - 824.69 | - 302.38 | - 775.21 |
Net earnings | -1 621.90 | -1 651.50 | - 678.23 | - 288.62 | - 839.56 |
Shareholders equity total | -9 667.33 | -11 318.83 | -11 997.06 | -12 285.67 | -13 472.80 |
Balance sheet total (assets) | 1 470.23 | 821.21 | 681.68 | 768.24 | 771.15 |
Net debt | 9 510.01 | 11 273.41 | 12 104.12 | 11 613.25 | 12 503.07 |
Profitability | |||||
EBIT-% | |||||
ROA | -11.7 % | -9.6 % | -6.6 % | -2.4 % | -5.7 % |
ROE | -99.9 % | -144.1 % | -90.3 % | -39.8 % | -109.1 % |
ROI | -12.6 % | -10.2 % | -7.0 % | -2.5 % | -6.4 % |
Economic value added (EVA) | -1 227.36 | -1 494.05 | - 642.88 | - 241.71 | - 741.74 |
Solvency | |||||
Equity ratio | -86.8 % | -95.8 % | -94.8 % | -94.1 % | -94.6 % |
Gearing | -98.4 % | -99.7 % | -101.0 % | -94.6 % | -92.9 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 0.1 | 0.0 | 0.0 | 0.0 | 0.6 |
Current ratio | 0.1 | 0.1 | 0.1 | 0.1 | 1.0 |
Cash and cash equivalents | 1.96 | 11.98 | 7.88 | 6.46 | 9.20 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BB | BB | BB | BB | B |
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