SIP DANMARK ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About SIP DANMARK ApS
SIP DANMARK ApS (CVR number: 32318754) is a company from FURESØ. The company reported a net sales of 0.5 mDKK in 2020, demonstrating a decline of -40.7 % compared to the previous year. The operating profit percentage was poor at -51.1 % (EBIT: -0.2 mDKK), while net earnings were -235.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was -49.8 %, which can be considered poor and Return on Equity (ROE) was -88.2 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -26.5 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. SIP DANMARK ApS's liquidity measured by quick ratio was 1.4 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2016 | 2017 | 2018 | 2019 | 2020 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | 1 178.77 | 1 074.42 | 753.34 | 767.60 | 455.51 |
| Gross profit | 804.01 | 624.32 | 542.01 | 637.77 | 212.99 |
| EBIT | 230.85 | 49.87 | -54.05 | 112.72 | - 232.65 |
| Net earnings | 172.68 | 35.71 | -55.02 | 84.97 | - 235.46 |
| Shareholders equity total | 194.03 | 129.73 | 81.61 | 166.57 | -68.89 |
| Balance sheet total (assets) | 539.09 | 462.39 | 288.09 | 497.92 | 367.08 |
| Net debt | - 264.51 | - 226.12 | - 134.63 | - 408.80 | - 299.47 |
| Profitability | |||||
| EBIT-% | 19.6 % | 4.6 % | -7.2 % | 14.7 % | -51.1 % |
| ROA | 42.8 % | 10.2 % | -14.4 % | 28.9 % | -49.8 % |
| ROE | 89.0 % | 22.1 % | -52.1 % | 68.5 % | -88.2 % |
| ROI | 119.0 % | 29.0 % | -42.4 % | 86.2 % | -279.3 % |
| Economic value added (EVA) | 173.44 | 38.71 | -47.77 | 90.19 | - 220.48 |
| Solvency | |||||
| Equity ratio | 36.0 % | 28.1 % | 28.3 % | 33.5 % | -26.5 % |
| Gearing | 22.1 % | 18.3 % | |||
| Relative net indebtedness % | 6.8 % | 7.3 % | 7.6 % | -10.1 % | 30.0 % |
| Liquidity | |||||
| Quick ratio | 1.6 | 1.4 | 1.4 | 1.5 | 1.4 |
| Current ratio | 1.6 | 1.4 | 1.4 | 1.5 | 0.8 |
| Cash and cash equivalents | 264.51 | 254.74 | 149.57 | 408.80 | 299.47 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | 23.9 | 23.7 | 63.8 | 39.1 | 54.2 |
| Net working capital % | 16.5 % | 12.1 % | 10.8 % | 21.7 % | -15.1 % |
| Credit risk | |||||
| Credit rating | BB | BBB | BB | BBB | BB |
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