PROGRESSIVE INVESTMENTS ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About PROGRESSIVE INVESTMENTS ApS
PROGRESSIVE INVESTMENTS ApS (CVR number: 53640214) is a company from AARHUS. The company recorded a gross profit of -8.2 kDKK in 2023. The operating profit was -8.2 kDKK, while net earnings were -6.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was -5 %, which can be considered poor and Return on Equity (ROE) was -7.4 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 66.5 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. PROGRESSIVE INVESTMENTS ApS's liquidity measured by quick ratio was 2.4 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 financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | -4.06 | -7.17 | -4.88 | -5.63 | -8.20 |
EBIT | -4.06 | -7.17 | -4.88 | -5.63 | -8.20 |
Net earnings | -3.06 | -6.17 | -4.48 | -11.91 | -6.06 |
Shareholders equity total | 107.95 | 101.78 | 97.30 | 85.39 | 79.33 |
Balance sheet total (assets) | 112.74 | 112.74 | 121.80 | 120.54 | 119.33 |
Net debt | -87.74 | -87.74 | -96.80 | -95.54 | -94.33 |
Profitability | |||||
EBIT-% | |||||
ROA | -2.7 % | -5.5 % | -3.3 % | -3.8 % | -5.0 % |
ROE | -2.8 % | -5.9 % | -4.5 % | -13.0 % | -7.4 % |
ROI | -2.8 % | -5.9 % | -3.9 % | -5.1 % | -7.4 % |
Economic value added (EVA) | -9.64 | -12.60 | -9.99 | -10.52 | -12.49 |
Solvency | |||||
Equity ratio | 95.8 % | 90.3 % | 79.9 % | 70.8 % | 66.5 % |
Gearing | |||||
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 18.3 | 8.0 | 4.0 | 2.7 | 2.4 |
Current ratio | 18.3 | 8.0 | 4.0 | 2.7 | 2.4 |
Cash and cash equivalents | 87.74 | 87.74 | 96.80 | 95.54 | 94.33 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BB | BB | BB | BB | BB |
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