ROVSING A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About ROVSING A/S
ROVSING A/S (CVR number: 16139084K) is a company from GLOSTRUP. The company reported a net sales of 39.3 mDKK in 2023, demonstrating a growth of 38.5 % compared to the previous year. The operating profit percentage was at 2.5 % (EBIT: 1 mDKK), while net earnings were 166 kDKK. The profitability of the company measured by Return on Assets (ROA) was 2.9 %, which can be considered weak and Return on Equity (ROE) was 2 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 38.8 %, 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. ROVSING A/S's liquidity measured by quick ratio was 1.2 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 21.84 | 27.54 | 27.01 | 28.34 | 39.26 |
Gross profit | 14.76 | 33.19 | 32.03 | 35.76 | 51.49 |
EBIT | -5.32 | -2.50 | -0.71 | -0.96 | 0.96 |
Net earnings | -6.81 | -3.40 | -1.55 | -1.73 | 0.17 |
Shareholders equity total | 11.42 | 9.58 | 8.09 | 6.62 | 10.18 |
Balance sheet total (assets) | 27.25 | 25.13 | 32.52 | 33.19 | 35.34 |
Net debt | 2.20 | 2.91 | 8.01 | 3.84 | 4.23 |
Profitability | |||||
EBIT-% | -24.4 % | -9.1 % | -2.6 % | -3.4 % | 2.5 % |
ROA | -17.2 % | -9.5 % | -2.3 % | -2.8 % | 2.9 % |
ROE | -45.4 % | -32.4 % | -17.6 % | -23.5 % | 2.0 % |
ROI | -23.9 % | -15.0 % | -3.3 % | -4.9 % | 5.7 % |
Economic value added (EVA) | -6.33 | -2.89 | -0.95 | -0.99 | 0.56 |
Solvency | |||||
Equity ratio | 46.7 % | 39.7 % | 27.7 % | 27.2 % | 38.8 % |
Gearing | 21.2 % | 33.2 % | 102.2 % | 58.0 % | 42.1 % |
Relative net indebtedness % | 71.4 % | 55.5 % | 89.5 % | 93.8 % | 64.0 % |
Liquidity | |||||
Quick ratio | 0.5 | 0.9 | 0.8 | 0.8 | 1.2 |
Current ratio | 0.6 | 1.0 | 0.8 | 0.7 | 0.9 |
Cash and cash equivalents | 0.22 | 0.27 | 0.26 | 0.00 | 0.05 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 37.6 | 61.4 | 104.8 | 75.2 | 64.2 |
Net working capital % | -28.3 % | 0.8 % | -10.7 % | -25.0 % | -5.1 % |
Credit risk | |||||
Credit rating | BBB | A | A | BBB | A |
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