Corteva Agriscience Denmark A/S — Credit Rating and Financial Key Figures
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 585.2 mDKK in 2024, demonstrating a decline of -22.4 % compared to the previous year. The operating profit percentage was at 4.2 % (EBIT: 24.5 mDKK), while net earnings were 24.1 mDKK. The profitability of the company measured by Return on Assets (ROA) was 13.1 %, which can be considered good and Return on Equity (ROE) was 13.8 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 68.8 %, 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 3.2 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 financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 389.70 | 497.66 | 632.16 | 753.84 | 585.17 |
Gross profit | 50.31 | 49.38 | 64.25 | 75.63 | 74.95 |
EBIT | 20.12 | 16.45 | 24.54 | 25.20 | 24.49 |
Net earnings | 21.21 | 13.02 | 19.31 | 21.01 | 24.06 |
Shareholders equity total | 197.28 | 210.30 | 260.86 | 212.37 | 136.43 |
Balance sheet total (assets) | 245.79 | 282.53 | 327.44 | 279.07 | 198.42 |
Net debt | 3.65 | 34.81 | |||
Profitability | |||||
EBIT-% | 5.2 % | 3.3 % | 3.9 % | 3.3 % | 4.2 % |
ROA | 8.8 % | 6.2 % | 8.0 % | 10.5 % | 13.1 % |
ROE | 11.4 % | 6.4 % | 8.2 % | 8.9 % | 13.8 % |
ROI | 8.8 % | 6.2 % | 8.0 % | 11.4 % | 15.3 % |
Economic value added (EVA) | 11.27 | 6.53 | 13.97 | 7.39 | 7.56 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 76.1 % | 68.8 % |
Gearing | 9.0 % | 31.7 % | |||
Relative net indebtedness % | 6.8 % | 9.1 % | |||
Liquidity | |||||
Quick ratio | 4.2 | 3.2 | |||
Current ratio | 4.2 | 3.2 | |||
Cash and cash equivalents | 15.41 | 8.49 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 62.8 | 78.8 | |||
Net working capital % | 28.0 % | 23.1 % | |||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | A | A |
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