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 -39.6 kDKK in 2023. The operating profit was -39.6 kDKK, while net earnings were -707.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 21.6 %, which can be considered excellent but Return on Equity (ROE) was -66 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 44.6 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. ApS Baltic Testing Ltd. Aarhus's liquidity measured by quick ratio was 1.6 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | -16.79 | -15.73 | -43.26 | -66.94 | -39.59 |
EBIT | -16.79 | -15.73 | -43.26 | -66.94 | -39.59 |
Net earnings | 263.45 | 807.79 | - 468.33 | - 553.74 | - 707.56 |
Shareholders equity total | 1 640.65 | 2 448.44 | 1 980.11 | 1 426.37 | 718.80 |
Balance sheet total (assets) | 1 952.47 | 2 890.01 | 3 215.33 | 2 403.34 | 1 611.79 |
Net debt | -1 677.27 | -2 708.48 | -1 570.85 | - 413.49 | - 583.93 |
Profitability | |||||
EBIT-% | |||||
ROA | 33.3 % | 88.0 % | 17.2 % | -0.7 % | 21.6 % |
ROE | 17.5 % | 39.5 % | -21.2 % | -32.5 % | -66.0 % |
ROI | 33.8 % | 54.7 % | 10.2 % | -0.7 % | -11.5 % |
Economic value added (EVA) | -4.24 | 3.03 | -11.58 | -22.17 | -31.26 |
Solvency | |||||
Equity ratio | 84.0 % | 84.7 % | 61.6 % | 59.3 % | 44.6 % |
Gearing | 16.3 % | 7.4 % | 51.0 % | 66.6 % | 120.4 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 7.0 | 12.7 | 2.2 | 1.7 | 1.6 |
Current ratio | 7.0 | 12.7 | 2.2 | 1.7 | 1.6 |
Cash and cash equivalents | 1 945.05 | 2 890.01 | 2 581.32 | 1 363.63 | 1 449.19 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | A | A | A | BBB | BBB |
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