Commerce Nine ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Commerce Nine ApS
Commerce Nine ApS (CVR number: 40975446) is a company from VEJLE. The company reported a net sales of 1.6 mDKK in 2021, demonstrating a growth of 122.8 % compared to the previous year. The operating profit percentage was at 4.7 % (EBIT: 0.1 mDKK), while net earnings were 67.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 51.6 %, which can be considered excellent and Return on Equity (ROE) was 184.5 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 37.3 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. Commerce Nine ApS's liquidity measured by quick ratio was 2.7 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 financials2020 | 2021 | |
---|---|---|
Volume | ||
Net sales | 703.55 | 1 567.38 |
Gross profit | -40.87 | 190.85 |
EBIT | -46.87 | 74.23 |
Net earnings | -37.17 | 67.34 |
Shareholders equity total | 2.83 | 70.17 |
Balance sheet total (assets) | 99.92 | 187.96 |
Net debt | 60.87 | 4.64 |
Profitability | ||
EBIT-% | -6.7 % | 4.7 % |
ROA | -46.9 % | 51.6 % |
ROE | -1311.4 % | 184.5 % |
ROI | -25.2 % | 36.5 % |
Economic value added (EVA) | -36.99 | 69.32 |
Solvency | ||
Equity ratio | 2.8 % | 37.3 % |
Gearing | 3236.3 % | 106.9 % |
Relative net indebtedness % | 9.4 % | 3.0 % |
Liquidity | ||
Quick ratio | 7.7 | 2.7 |
Current ratio | 14.1 | 4.0 |
Cash and cash equivalents | 30.85 | 70.36 |
Capital use efficiency | ||
Trade debtors turnover (days) | 10.0 | |
Net working capital % | 10.0 % | 8.1 % |
Credit risk | ||
Credit rating | B | BB |
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