Equation ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Equation ApS
Equation ApS (CVR number: 31500982) is a company from KØBENHAVN. The company recorded a gross profit of 842.9 kDKK in 2024. The operating profit was 842.9 kDKK, while net earnings were -342.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 22.7 %, which can be considered excellent but Return on Equity (ROE) was -10.6 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 77.1 %, 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. Equation ApS's liquidity measured by quick ratio was 4.3 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 | 353.28 | 592.61 | 969.09 | 681.73 | 842.91 |
EBIT | 353.28 | 592.61 | 7.53 | 681.73 | 842.91 |
Net earnings | 139.34 | 918.28 | - 169.98 | 194.66 | - 342.48 |
Shareholders equity total | 2 459.72 | 3 378.00 | 3 208.02 | 3 402.68 | 3 060.20 |
Balance sheet total (assets) | 2 511.50 | 3 383.81 | 3 331.10 | 3 482.95 | 3 966.67 |
Net debt | -97.00 | -1 652.93 | -3 225.71 | - 752.43 | - 502.63 |
Profitability | |||||
EBIT-% | |||||
ROA | 14.6 % | 31.3 % | 1.6 % | 22.0 % | 22.7 % |
ROE | 5.8 % | 31.5 % | -5.2 % | 5.9 % | -10.6 % |
ROI | 18.2 % | 31.6 % | 1.6 % | 22.6 % | 25.8 % |
Economic value added (EVA) | 156.78 | 469.01 | - 163.87 | 370.47 | 428.83 |
Solvency | |||||
Equity ratio | 97.9 % | 99.8 % | 96.3 % | 97.7 % | 77.1 % |
Gearing | 0.7 % | 1.5 % | |||
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 48.5 | 578.4 | 26.9 | 42.9 | 4.3 |
Current ratio | 48.5 | 578.4 | 26.9 | 42.9 | 4.3 |
Cash and cash equivalents | 97.00 | 1 652.93 | 3 225.71 | 776.51 | 547.89 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BB | BBB | BB | BBB | BB |
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