Selected Car Investment Management ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Selected Car Investment Management ApS
Selected Car Investment Management ApS (CVR number: 40444246) is a company from MIDDELFART. The company reported a net sales of 0.1 mDKK in 2023. The operating profit percentage was at 100 % (EBIT: 0.1 mDKK), while net earnings were 190 kDKK. The profitability of the company measured by Return on Assets (ROA) was 1.7 %, which can be considered weak but Return on Equity (ROE) was 4.1 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 60.2 %, 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. Selected Car Investment Management 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 financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | 57.18 | 608.00 | 1 536.00 | 101.00 | |
| Gross profit | 2.23 | 276.00 | 46.00 | 55.00 | 101.00 |
| EBIT | 2.23 | 276.00 | 46.00 | 55.00 | 101.00 |
| Net earnings | 0.26 | 148.00 | 116.00 | 262.00 | 190.00 |
| Shareholders equity total | 50.26 | 198.00 | 4 321.00 | 4 583.00 | 4 773.00 |
| Balance sheet total (assets) | 1 177.37 | 2 599.00 | 5 889.00 | 5 585.00 | 7 931.00 |
| Net debt | 951.02 | 1 509.00 | 354.00 | - 462.00 | 1 712.00 |
| Profitability | |||||
| EBIT-% | 3.9 % | 45.4 % | 3.0 % | 100.0 % | |
| ROA | 0.2 % | 11.8 % | 3.3 % | 4.8 % | 1.7 % |
| ROE | 0.5 % | 119.2 % | 5.1 % | 5.9 % | 4.1 % |
| ROI | 0.2 % | 14.9 % | 3.8 % | 5.5 % | 1.8 % |
| Economic value added (EVA) | 2.23 | 264.26 | 155.37 | 80.79 | 149.86 |
| Solvency | |||||
| Equity ratio | 4.3 % | 7.6 % | 73.4 % | 82.1 % | 60.2 % |
| Gearing | 1960.9 % | 884.8 % | 26.7 % | 65.2 % | |
| Relative net indebtedness % | 1910.6 % | 354.9 % | 50.1 % | 1739.6 % | |
| Liquidity | |||||
| Quick ratio | 0.2 | 0.1 | 1.0 | 0.5 | 0.6 |
| Current ratio | 0.2 | 0.1 | 1.0 | 0.5 | 0.6 |
| Cash and cash equivalents | 34.55 | 243.00 | 799.00 | 462.00 | 1 401.00 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | 969.4 | 47.0 | |||
| Net working capital % | -1645.0 % | -351.5 % | 2.5 % | -1108.9 % | |
| Credit risk | |||||
| Credit rating | BBB | BBB | A | A | A |
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