Cringe IVS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Cringe IVS
Cringe IVS (CVR number: 38489046) is a company from AARHUS. The company recorded a gross profit of 0 kDKK in 2020, demonstrating a decline of -100 % compared to the previous year. The operating profit was 0 kDKK, while net earnings were -0 kDKK. The profitability of the company measured by Return on Assets (ROA) was 0 %, which can be considered poor and Return on Equity (ROE) was -0 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 46.1 %, 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. Cringe IVS's liquidity measured by quick ratio was 1.9 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 financials2017 | 2018 | 2019 | 2020 | |
---|---|---|---|---|
Volume | ||||
Net sales | 15.00 | 50.00 | ||
Gross profit | 12.19 | -2.89 | 41.69 | |
EBIT | 12.19 | -2.89 | 41.69 | |
Net earnings | 12.19 | -2.89 | 31.38 | -0.01 |
Shareholders equity total | 12.19 | -4.30 | 27.07 | 27.06 |
Balance sheet total (assets) | 12.19 | 6.96 | 62.61 | 58.72 |
Net debt | -12.19 | -6.96 | -0.11 | -58.72 |
Profitability | ||||
EBIT-% | 81.3 % | 83.4 % | ||
ROA | 100.0 % | -24.7 % | 112.9 % | |
ROE | 100.0 % | -30.2 % | 184.4 % | -0.0 % |
ROI | 100.0 % | -47.4 % | 308.0 % | |
Economic value added (EVA) | 12.19 | -2.89 | 32.53 | -1.67 |
Solvency | ||||
Equity ratio | 100.0 % | -38.2 % | 43.2 % | 46.1 % |
Gearing | ||||
Relative net indebtedness % | -81.3 % | 70.9 % | ||
Liquidity | ||||
Quick ratio | 0.6 | 1.8 | 1.9 | |
Current ratio | 0.6 | 1.8 | 1.9 | |
Cash and cash equivalents | 12.19 | 6.96 | 0.11 | 58.72 |
Capital use efficiency | ||||
Trade debtors turnover (days) | 456.3 | |||
Net working capital % | 81.3 % | 54.1 % | ||
Credit risk | ||||
Credit rating | B | BB | BB | BB |
Variable visualization
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