Credit rating
Company information
About Musical Nordic ApS
Musical Nordic ApS (CVR number: 40951253) is a company from KØBENHAVN. The company recorded a gross profit of -6.7 kDKK in 2023. The operating profit was -37.9 kDKK, while net earnings were -38.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was -33.2 %, which can be considered poor and Return on Equity (ROE) was -38.3 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 79.6 %, 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. Musical Nordic ApS's liquidity measured by quick ratio was 4.2 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 | |
---|---|---|---|---|
Volume | ||||
Net sales | ||||
Gross profit | 15.22 | 99.49 | 14.10 | -6.72 |
EBIT | 15.22 | 99.49 | -0.90 | -37.87 |
Net earnings | -0.07 | 78.62 | -4.76 | -38.37 |
Shareholders equity total | 49.93 | 124.04 | 119.28 | 80.91 |
Balance sheet total (assets) | 75.93 | 160.09 | 129.16 | 101.66 |
Net debt | -46.20 | -86.06 | -84.46 | -77.60 |
Profitability | ||||
EBIT-% | ||||
ROA | 0.2 % | 84.2 % | -0.7 % | -33.2 % |
ROE | -0.1 % | 90.4 % | -3.9 % | -38.3 % |
ROI | 0.2 % | 105.6 % | -0.8 % | -36.2 % |
Economic value added (EVA) | 15.22 | 80.29 | -1.87 | -38.58 |
Solvency | ||||
Equity ratio | 65.8 % | 77.5 % | 92.4 % | 79.6 % |
Gearing | 20.7 % | 3.1 % | 4.9 % | 7.3 % |
Relative net indebtedness % | ||||
Liquidity | ||||
Quick ratio | 2.3 | 4.0 | 11.6 | 4.2 |
Current ratio | 2.3 | 4.0 | 11.6 | 4.2 |
Cash and cash equivalents | 56.52 | 89.93 | 90.36 | 83.50 |
Capital use efficiency | ||||
Trade debtors turnover (days) | ||||
Net working capital % | ||||
Credit risk | ||||
Credit rating | B | B | B | B |
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