BUD 2024 A/S — Credit Rating and Financial Key Figures

CVR number: 33865112
Kristianiagade 16, 2100 København Ø

Credit rating

Company information

Official name
BUD 2024 A/S
Established
1971
Company form
Limited company
Industry

About BUD 2024 A/S

BUD 2024 A/S (CVR number: 33865112K) is a company from KØBENHAVN. The company reported a net sales of 64.9 mDKK in 2015, demonstrating a decline of -14.4 % compared to the previous year. The operating profit percentage was at 20.6 % (EBIT: 13.4 mDKK), while net earnings were -3242 kDKK. The profitability of the company measured by Return on Assets (ROA) was 12.3 %, which can be considered good but Return on Equity (ROE) was -3.4 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -24 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. BUD 2024 A/S'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.

Financial information

See financials

Net sales (mDKK)

EBIT (mDKK)

Profitability

Solidity

Key figures (mDKK)

See financials
2011
2012
2013
2014
2015
Volume
Net sales31.9149.4868.1575.8264.93
Gross profit13.2916.9223.1425.9723.84
EBIT2.155.3410.1912.9213.41
Net earnings-2.653.87-4.53-12.28-3.24
Shareholders equity total0.754.857.43-5.16-25.34
Balance sheet total (assets)80.9295.05121.56109.3080.37
Net debt90.93
Profitability
EBIT-%20.6 %
ROA12.3 %
ROE-3.4 %
ROI13.6 %
Economic value added (EVA)1.753.645.729.194.57
Solvency
Equity ratio-24.0 %
Gearing-361.7 %
Relative net indebtedness %154.9 %
Liquidity
Quick ratio0.1
Current ratio0.1
Cash and cash equivalents4.492.834.040.800.72
Capital use efficiency
Trade debtors turnover (days)14.7
Net working capital %-135.3 %
Credit risk
Credit ratingBBB

Variable visualization

ROA:12.3%
Rating: 62/100
-20%
0%
4%
11%
24%
60%
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Equity ratio:-24.0%
Rating: 0/100
-1%
21%
50%
81%
99%
100%
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Roles

Chairman of the board
Board member
Board member

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