Skovgaard Development ApS — Credit Rating and Financial Key Figures

CVR number: 39692317
Kirkebyvej 1, Hove 7620 Lemvig
jjb@skovgaardinvest.dk

Company information

Official name
Skovgaard Development ApS
Personnel
6 persons
Established
2018
Domicile
Hove
Company form
Private limited company
Industry

About Skovgaard Development ApS

Skovgaard Development ApS (CVR number: 39692317) is a company from LEMVIG. The company recorded a gross profit of -202.7 kDKK in 2023. The operating profit was -202.7 kDKK, while net earnings were -812 kDKK. The profitability of the company measured by Return on Assets (ROA) was -3.3 %, which can be considered poor and Return on Equity (ROE) was -8 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -20.2 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Skovgaard Development ApS's liquidity measured by quick ratio was 0.1 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit935.91286.92-1 820.600.05- 202.70
EBIT2.77379.02-1 820.600.05- 202.70
Net earnings- 187.99164.38-1 559.98- 248.29- 812.01
Shareholders equity total- 137.9926.39-1 533.59-1 781.88-2 593.89
Balance sheet total (assets)14 714.8910 189.459 578.5110 156.6310 246.12
Net debt14 108.898 549.9810 158.8411 029.5211 469.16
Profitability
EBIT-%
ROA0.0 %3.0 %-16.9 %0.0 %-3.3 %
ROE-1.3 %2.2 %-32.5 %-2.5 %-8.0 %
ROI0.0 %3.3 %-18.5 %0.0 %0.1 %
Economic value added (EVA)2.81- 304.13-1 869.30- 450.12- 666.49
Solvency
Equity ratio-0.9 %0.3 %-13.8 %-14.9 %-20.2 %
Gearing-10224.3 %32418.1 %-684.1 %-657.3 %-471.1 %
Relative net indebtedness %
Liquidity
Quick ratio0.40.00.10.10.1
Current ratio5.21.00.80.80.8
Cash and cash equivalents4.82333.06682.30750.50
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBB

Variable visualization

ROA:-3.26%
Rating: 17/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:-20.2%
Rating: 0/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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