PRIME ASSURANCE FORSIKRINGSMÆGLERSELSKAB A/S
Credit rating
Company information
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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 2 852.65 | 2 854.54 | 2 530.71 | 3 187.42 | 2 988.62 |
EBIT | 91.62 | 486.22 | -9.19 | 27.96 | - 240.72 |
Net earnings | 33.31 | 341.08 | -35.17 | -12.70 | - 221.55 |
Shareholders equity total | 591.04 | 932.12 | 896.95 | 884.25 | 662.71 |
Balance sheet total (assets) | 2 021.78 | 2 013.94 | 1 925.35 | 1 686.66 | 1 638.63 |
Net debt | 1 006.35 | 694.01 | 697.87 | 452.16 | 450.39 |
Profitability | |||||
EBIT-% | |||||
ROA | 4.5 % | 24.1 % | -0.5 % | 1.5 % | -14.5 % |
ROE | 5.8 % | 44.8 % | -3.8 % | -1.4 % | -28.6 % |
ROI | 5.6 % | 28.5 % | -0.5 % | 1.8 % | -19.3 % |
Economic value added (EVA) | 57.61 | 337.40 | -59.45 | -20.83 | - 243.41 |
Solvency | |||||
Equity ratio | 29.2 % | 46.3 % | 46.6 % | 52.4 % | 40.4 % |
Gearing | 177.0 % | 90.4 % | 88.0 % | 52.2 % | 74.0 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 3.3 | 4.3 | 3.6 | 3.2 | 2.6 |
Current ratio | 3.3 | 4.3 | 3.6 | 3.2 | 2.6 |
Cash and cash equivalents | 39.72 | 148.41 | 91.73 | 9.30 | 40.01 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BB | BBB | BB | BB | BB |
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