Corteva Agriscience Denmark A/S
Credit rating
Company information
About Corteva Agriscience Denmark A/S
Corteva Agriscience Denmark A/S (CVR number: 12938241) is a company from KØBENHAVN. The company reported a net sales of 753.8 mDKK in 2023, demonstrating a growth of 19.2 % compared to the previous year. The operating profit percentage was at 3.3 % (EBIT: 25.2 mDKK), while net earnings were 21 mDKK. The profitability of the company measured by Return on Assets (ROA) was 10.5 %, which can be considered good and Return on Equity (ROE) was 8.9 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 76.1 %, 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. Corteva Agriscience Denmark A/S's liquidity measured by quick ratio was 4.2 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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 323.01 | 389.70 | 497.66 | 632.16 | 753.84 |
Gross profit | 51.53 | 50.31 | 49.38 | 64.25 | 75.63 |
EBIT | 1.52 | 20.12 | 16.45 | 24.54 | 25.20 |
Net earnings | 1.28 | 21.21 | 13.02 | 19.31 | 21.01 |
Shareholders equity total | 176.06 | 197.28 | 210.30 | 260.86 | 212.37 |
Balance sheet total (assets) | 213.69 | 245.79 | 282.53 | 327.44 | 279.07 |
Net debt | -26.65 | 3.65 | |||
Profitability | |||||
EBIT-% | 0.5 % | 5.2 % | 3.3 % | 3.9 % | 3.3 % |
ROA | 0.6 % | 8.8 % | 6.2 % | 8.9 % | 10.5 % |
ROE | 0.7 % | 11.4 % | 6.4 % | 8.2 % | 8.9 % |
ROI | 0.6 % | 8.8 % | 6.2 % | 10.0 % | 12.9 % |
Economic value added (EVA) | -7.27 | 11.27 | 6.53 | 7.29 | 8.82 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 79.7 % | 76.1 % |
Gearing | 0.7 % | 9.0 % | |||
Relative net indebtedness % | 6.0 % | 6.8 % | |||
Liquidity | |||||
Quick ratio | 4.9 | 4.2 | |||
Current ratio | 4.9 | 4.2 | |||
Cash and cash equivalents | 28.38 | 15.41 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 27.3 | 62.8 | |||
Net working capital % | 41.2 % | 28.0 % | |||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BBB | BBB |
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