Black Buddha Jewelry IVS — Credit Rating and Financial Key Figures

Black Buddha Jewelry IVS (CVR number: 40401091) is a company from KØBENHAVN. The company reported a net sales of 0 mDKK in 2020, demonstrating a growth of 71.3 % compared to the previous year. The operating profit percentage was at 32.3 % (EBIT: 0 mDKK), while net earnings were 8.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 11.3 %, which can be considered good but Return on Equity (ROE) was 144.8 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at -94.1 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Black Buddha Jewelry IVS's liquidity measured by quick ratio was 0.1 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.