Credit rating
Company information
46Wholesale trade, except of motor vehicles and motorcycles
About the company
Glunz & Jensen A/S (CVR number: 38066412) is a company from RINGSTED. The company recorded a gross profit of 7860 kDKK in 2023, demonstrating a decline of -28.1 % compared to the previous year. The operating profit was -6868 kDKK, while net earnings were -3522 kDKK. The profitability of the company measured by Return on Assets (ROA) was -2.7 %, which can be considered poor and Return on Equity (ROE) was -19.6 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 35.6 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. Glunz & Jensen A/S's liquidity measured by quick ratio was 0.8 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 financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | 184 400.00 | 138 600.00 | 57 873.00 | 29 112.00 | |
| Gross profit | 18 300.00 | 10 932.00 | 16 535.00 | 10 932.00 | 7 860.00 |
| EBIT | -13 600.00 | - 202.00 | 2 277.00 | - 202.00 | -6 868.00 |
| Net earnings | -24 400.00 | 1 100.00 | 4 659.00 | 1 100.00 | -3 522.00 |
| Shareholders equity total | 1 200.00 | 9 766.00 | 8 504.00 | 9 766.00 | 26 113.00 |
| Balance sheet total (assets) | 107 500.00 | 88 484.00 | 77 741.00 | 88 484.00 | 74 835.00 |
| Net debt | 55 466.00 | 47 688.00 | 33 831.00 | 47 688.00 | 19 737.00 |
| Profitability | |||||
| EBIT-% | -7.4 % | -0.1 % | 3.9 % | -0.7 % | |
| ROA | -22.6 % | 2.6 % | 8.0 % | 3.1 % | -2.7 % |
| ROE | -750.8 % | 20.1 % | 51.0 % | 12.0 % | -19.6 % |
| ROI | -31.9 % | 3.6 % | 10.6 % | 4.1 % | -3.3 % |
| Economic value added (EVA) | -8 641.66 | 1 854.01 | 3 093.32 | - 276.34 | -3 836.44 |
| Solvency | |||||
| Equity ratio | 1.1 % | 11.3 % | 8.9 % | 11.3 % | 35.6 % |
| Gearing | 4659.8 % | 491.4 % | 401.4 % | 491.4 % | 76.7 % |
| Relative net indebtedness % | 57.4 % | 56.6 % | 119.1 % | 269.3 % | |
| Liquidity | |||||
| Quick ratio | 0.3 | 0.6 | 0.5 | 0.6 | 0.8 |
| Current ratio | 0.5 | 0.6 | 0.5 | 0.6 | 0.8 |
| Cash and cash equivalents | 452.00 | 305.00 | 304.00 | 305.00 | 304.00 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | 40.6 | 3.3 | 7.8 | 15.8 | |
| Net working capital % | -25.6 % | -15.9 % | -45.2 % | -75.5 % | |
| Credit risk | |||||
| Credit rating | BB | BBB | BBB | BBB | BBB |
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