Credit rating
Company information
About Linnet ApS
Linnet ApS (CVR number: 39842645) is a company from AABENRAA. The company recorded a gross profit of 585.5 kDKK in 2023. The operating profit was -342.1 kDKK, while net earnings were -500.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was -15.4 %, which can be considered poor and Return on Equity (ROE) was -118.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -35.8 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Linnet ApS's liquidity measured by quick ratio was 0.6 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 560.60 | 1 089.10 | 1 164.36 | 1 275.32 | 585.52 |
EBIT | - 101.91 | 213.66 | -77.77 | -78.85 | - 342.07 |
Net earnings | -93.39 | 157.16 | -81.71 | - 102.72 | - 500.26 |
Shareholders equity total | 208.08 | 365.25 | 170.54 | 67.83 | - 432.44 |
Balance sheet total (assets) | 1 106.18 | 1 420.45 | 1 447.64 | 3 232.05 | 776.39 |
Net debt | - 171.93 | - 300.41 | 38.72 | 2 534.00 | - 178.27 |
Profitability | |||||
EBIT-% | |||||
ROA | -11.1 % | 16.9 % | -5.4 % | -3.4 % | -15.4 % |
ROE | -30.2 % | 54.8 % | -30.5 % | -86.2 % | -118.5 % |
ROI | -19.1 % | 35.0 % | -13.4 % | -4.9 % | -24.6 % |
Economic value added (EVA) | -98.48 | 179.12 | -63.88 | -80.54 | - 344.76 |
Solvency | |||||
Equity ratio | 18.8 % | 25.7 % | 11.8 % | 2.1 % | -35.8 % |
Gearing | 57.8 % | 3757.3 % | |||
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 0.9 | 1.4 | 1.1 | 0.3 | 0.6 |
Current ratio | 0.9 | 1.4 | 1.1 | 0.3 | 0.6 |
Cash and cash equivalents | 171.93 | 300.41 | 59.80 | 14.40 | 178.27 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | B | BBB | BB | BB | B |
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