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ApS Baltic Testing Ltd. Aarhus — Credit Rating and Financial Key Figures
Credit rating
Company information
About ApS Baltic Testing Ltd. Aarhus
ApS Baltic Testing Ltd. Aarhus (CVR number: 36506741) is a company from AARHUS. The company recorded a gross profit of -30.9 kDKK in 2024. The operating profit was -30.9 kDKK, while net earnings were -369.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 12.2 %, which can be considered good but Return on Equity (ROE) was -69.2 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 27.9 %, 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. ApS Baltic Testing Ltd. Aarhus's liquidity measured by quick ratio was 1.3 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | -15.73 | -43.26 | -66.94 | -39.59 | -30.91 |
| EBIT | -15.73 | -43.26 | -66.94 | -39.59 | -30.91 |
| Net earnings | 807.79 | - 468.33 | - 553.74 | - 707.56 | - 369.38 |
| Shareholders equity total | 2 448.44 | 1 980.11 | 1 426.37 | 718.80 | 349.42 |
| Balance sheet total (assets) | 2 890.01 | 3 215.33 | 2 403.34 | 1 611.80 | 1 252.35 |
| Net debt | -2 708.48 | -1 570.85 | - 413.49 | - 583.94 | - 281.12 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 88.0 % | 17.2 % | -0.7 % | 21.7 % | 12.2 % |
| ROE | 39.5 % | -21.2 % | -32.5 % | -66.0 % | -69.2 % |
| ROI | 54.7 % | 10.2 % | -0.7 % | -11.5 % | -0.8 % |
| Economic value added (EVA) | - 108.17 | - 165.93 | - 202.66 | - 147.53 | - 110.51 |
| Solvency | |||||
| Equity ratio | 84.7 % | 61.6 % | 59.3 % | 44.6 % | 27.9 % |
| Gearing | 7.4 % | 51.0 % | 66.6 % | 120.4 % | 250.0 % |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 12.7 | 2.2 | 1.7 | 1.6 | 1.3 |
| Current ratio | 12.7 | 2.2 | 1.7 | 1.6 | 1.3 |
| Cash and cash equivalents | 2 890.01 | 2 581.32 | 1 363.63 | 1 449.19 | 1 154.55 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BBB | BBB | BBB | BB | BBB |
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