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MUSIC & PASSION ApS — Credit Rating and Financial Key Figures

CVR number: 33866410
Otto Busses Vej 5, 2450 København SV
mikkel@musicals.dk
tel: 20801480
www.mikkelrønnow.dk
Free credit report Annual report

Credit rating

Company information

Official name
MUSIC & PASSION ApS
Personnel
1 person
Established
2011
Company form
Private limited company
Industry

About MUSIC & PASSION ApS

MUSIC & PASSION ApS (CVR number: 33866410) is a company from KØBENHAVN. The company recorded a gross profit of 733.3 kDKK in 2024. The operating profit was 234 kDKK, while net earnings were 198.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 14.2 %, which can be considered good but Return on Equity (ROE) was 29.9 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 72.4 %, 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. MUSIC & PASSION ApS's liquidity measured by quick ratio was 2.7 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit250.28698.68196.26-22.36733.28
EBIT-9.38295.68-20.38- 454.04234.03
Net earnings-21.31229.8056.74- 356.52198.20
Shareholders equity total835.941 009.231 008.77593.35730.55
Balance sheet total (assets)888.681 862.431 286.362 576.571 009.66
Net debt- 618.87-1 339.70-1 027.31-1 265.09- 537.07
Profitability
EBIT-%
ROA-2.0 %21.9 %3.0 %-22.9 %14.2 %
ROE-2.3 %24.9 %5.6 %-44.5 %29.9 %
ROI-2.1 %32.0 %4.6 %-54.3 %38.4 %
Economic value added (EVA)-58.54188.55-67.01- 417.74151.28
Solvency
Equity ratio94.1 %54.2 %78.4 %59.6 %72.4 %
Gearing
Relative net indebtedness %
Liquidity
Quick ratio12.21.94.25.82.7
Current ratio12.21.94.21.22.7
Cash and cash equivalents618.871 339.701 027.311 265.09537.07
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBB

Variable visualization

ROA:14.2%
Rating: 65/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:72.4%
Rating: 54/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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