PRIME ASSURANCE FORSIKRINGSMÆGLERSELSKAB A/S — Credit Rating and Financial Key Figures

CVR number: 35513930
Korskildelund 6, 2670 Greve

Credit rating

Company information

Official name
PRIME ASSURANCE FORSIKRINGSMÆGLERSELSKAB A/S
Personnel
6 persons
Established
2013
Company form
Limited company
Industry
  • Expand more icon66Activities auxiliary to financial services and insurance activities

About PRIME ASSURANCE FORSIKRINGSMÆGLERSELSKAB A/S

PRIME ASSURANCE FORSIKRINGSMÆGLERSELSKAB A/S (CVR number: 35513930) is a company from GREVE. The company recorded a gross profit of 2988.6 kDKK in 2023. The operating profit was -240.7 kDKK, while net earnings were -221.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was -14.5 %, which can be considered poor and Return on Equity (ROE) was -28.6 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 40.4 %, 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. PRIME ASSURANCE FORSIKRINGSMÆGLERSELSKAB A/S's liquidity measured by quick ratio was 2.6 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit2 852.652 854.542 530.713 187.422 988.62
EBIT91.62486.22-9.1927.96- 240.72
Net earnings33.31341.08-35.17-12.70- 221.55
Shareholders equity total591.04932.12896.95884.25662.71
Balance sheet total (assets)2 021.782 013.941 925.351 686.661 638.63
Net debt1 006.35694.01697.87452.16450.39
Profitability
EBIT-%
ROA4.5 %24.1 %-0.5 %1.5 %-14.5 %
ROE5.8 %44.8 %-3.8 %-1.4 %-28.6 %
ROI5.6 %28.5 %-0.5 %1.8 %-19.3 %
Economic value added (EVA)57.61337.40-59.45-20.83- 243.41
Solvency
Equity ratio29.2 %46.3 %46.6 %52.4 %40.4 %
Gearing177.0 %90.4 %88.0 %52.2 %74.0 %
Relative net indebtedness %
Liquidity
Quick ratio3.34.33.63.22.6
Current ratio3.34.33.63.22.6
Cash and cash equivalents39.72148.4191.739.3040.01
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBABBBBBBBBB

Variable visualization

ROA:-14.5%
Rating: 6/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:40.4%
Rating: 33/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Board member
Board member
Chief executive officer

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