Surf-IT IVS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Surf-IT IVS
Surf-IT IVS (CVR number: 37602205) is a company from FREDERIKSBERG. The company recorded a gross profit of -21.5 kDKK in 2019. The operating profit was -21.5 kDKK, while net earnings were -22.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was -45.4 %, which can be considered poor and Return on Equity (ROE) was -49.8 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 94.4 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. Surf-IT IVS's liquidity measured by quick ratio was 17.7 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 financials2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|
| Volume | ||||
| Net sales | ||||
| Gross profit | 116.46 | 38.14 | -4.79 | -21.54 |
| EBIT | 41.46 | 38.14 | -4.79 | -21.54 |
| Net earnings | 32.29 | 29.76 | -5.37 | -22.59 |
| Shareholders equity total | 32.30 | 62.05 | 56.68 | 34.09 |
| Balance sheet total (assets) | 34.34 | 72.49 | 58.72 | 36.13 |
| Net debt | -15.30 | -70.35 | -52.32 | -27.11 |
| Profitability | ||||
| EBIT-% | ||||
| ROA | 120.7 % | 71.5 % | -7.3 % | -45.4 % |
| ROE | 100.0 % | 63.1 % | -9.1 % | -49.8 % |
| ROI | 120.7 % | 77.6 % | -7.8 % | -45.4 % |
| Economic value added (EVA) | 32.29 | 29.40 | -3.49 | -20.88 |
| Solvency | ||||
| Equity ratio | 94.1 % | 85.6 % | 96.5 % | 94.4 % |
| Gearing | 6.3 % | 3.3 % | 3.6 % | 6.0 % |
| Relative net indebtedness % | ||||
| Liquidity | ||||
| Quick ratio | 16.8 | 6.9 | 28.8 | 17.7 |
| Current ratio | 16.8 | 6.9 | 28.8 | 17.7 |
| Cash and cash equivalents | 17.34 | 72.39 | 54.36 | 29.15 |
| Capital use efficiency | ||||
| Trade debtors turnover (days) | ||||
| Net working capital % | ||||
| Credit risk | ||||
| Credit rating | B | BB | B | B |
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