Danish Fashion Co A/S
Credit rating
Company information
About Danish Fashion Co A/S
Danish Fashion Co A/S (CVR number: 38747932) is a company from KØBENHAVN. The company reported a net sales of 9.7 mDKK in 2023, demonstrating a growth of 23 % compared to the previous year. The operating profit percentage was poor at -0 % (EBIT: -0 mDKK), while net earnings were -8908 kDKK. The profitability of the company measured by Return on Assets (ROA) was 2 %, which can be considered weak but Return on Equity (ROE) was -1.6 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 64.4 %, 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. Danish Fashion Co A/S's liquidity measured by quick ratio was 0.3 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.
Financial information
See financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 10 334.58 | 9 152.34 | 12 297.18 | 7 913.00 | 9 735.00 |
Gross profit | 9 780.86 | 8 421.59 | 11 713.15 | 3 075.00 | 6 313.00 |
EBIT | -4 542.00 | -1.00 | |||
Net earnings | 39 611.01 | -2 911.32 | 75 315.08 | 42 534.00 | -8 908.00 |
Shareholders equity total | 439 057.55 | 432 012.66 | 511 730.52 | 556 204.00 | 545 511.00 |
Balance sheet total (assets) | 723 376.72 | 733 249.27 | 806 597.45 | 848 963.00 | 847 298.00 |
Net debt | 250 424.18 | 251 712.79 | 253 268.92 | 255 611.00 | 248 384.00 |
Profitability | |||||
EBIT-% | -57.4 % | -0.0 % | |||
ROA | 8.1 % | 2.0 % | 12.1 % | 7.4 % | 2.0 % |
ROE | 9.4 % | -0.7 % | 16.0 % | 8.0 % | -1.6 % |
ROI | 8.1 % | 2.0 % | 12.3 % | 7.6 % | 2.1 % |
Economic value added (EVA) | 2 045.33 | 5 542.43 | 4 915.05 | 5 387.26 | 24 102.79 |
Solvency | |||||
Equity ratio | 60.7 % | 58.9 % | 63.4 % | 65.5 % | 64.4 % |
Gearing | 57.1 % | 58.4 % | 49.7 % | 46.1 % | 45.7 % |
Relative net indebtedness % | 2748.2 % | 3284.4 % | 2391.2 % | 3692.9 % | 3088.7 % |
Liquidity | |||||
Quick ratio | 1.8 | 0.5 | 2.2 | 0.1 | 0.3 |
Current ratio | 1.8 | 0.5 | 2.2 | 0.1 | 0.3 |
Cash and cash equivalents | 300.78 | 632.95 | 822.09 | 541.00 | 1 106.00 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | 46.6 % | -98.3 % | 97.4 % | -2977.4 % | -419.7 % |
Credit risk | |||||
Credit rating | A | BBB | A | A | BBB |
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