Covoza A/S — Credit Rating and Financial Key Figures

CVR number: 40607153
Brydehusvej 30, 2750 Ballerup
gn@escalate.dk
tel: 28345242

Credit rating

Company information

Official name
Covoza A/S
Established
2019
Company form
Limited company
Industry

About Covoza A/S

Covoza A/S (CVR number: 40607153) is a company from BALLERUP. The company recorded a gross profit of 20.5 kDKK in 2024. The operating profit was -33 kDKK, while net earnings were -25.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was -1.3 %, which can be considered poor and Return on Equity (ROE) was -1 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 98 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. Covoza A/S's liquidity measured by quick ratio was 2.9 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit-16.0015.9579.2935.2420.51
EBIT-16.00-3.0832.84-18.24-32.97
Net earnings-17.651.3424.07-14.90-25.66
Shareholders equity total467.361 468.702 592.782 577.882 552.21
Balance sheet total (assets)513.621 547.552 728.352 645.032 612.18
Net debt- 473.62-1.14- 111.48- 100.23- 107.10
Profitability
EBIT-%
ROA-5.9 %-0.3 %1.5 %-0.7 %-1.3 %
ROE-7.2 %0.1 %1.2 %-0.6 %-1.0 %
ROI-5.6 %-0.3 %1.6 %-0.7 %-1.3 %
Economic value added (EVA)-15.690.14-46.66- 137.53- 150.47
Solvency
Equity ratio91.0 %94.9 %95.7 %97.8 %98.0 %
Gearing8.6 %2.0 %1.2 %
Relative net indebtedness %
Liquidity
Quick ratio82.20.81.82.22.9
Current ratio82.20.81.51.92.5
Cash and cash equivalents513.6230.23141.83100.23107.10
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBB

Variable visualization

ROA:-1.25%
Rating: 19/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:98.0%
Rating: 79/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer
Board member

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