Covoza A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | -16.00 | 15.95 | 79.29 | 35.24 | 20.51 |
EBIT | -16.00 | -3.08 | 32.84 | -18.24 | -32.97 |
Net earnings | -17.65 | 1.34 | 24.07 | -14.90 | -25.66 |
Shareholders equity total | 467.36 | 1 468.70 | 2 592.78 | 2 577.88 | 2 552.21 |
Balance sheet total (assets) | 513.62 | 1 547.55 | 2 728.35 | 2 645.03 | 2 612.18 |
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) | -15.69 | 0.14 | -46.66 | - 137.53 | - 150.47 |
Solvency | |||||
Equity ratio | 91.0 % | 94.9 % | 95.7 % | 97.8 % | 98.0 % |
Gearing | 8.6 % | 2.0 % | 1.2 % | ||
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 82.2 | 0.8 | 1.8 | 2.2 | 2.9 |
Current ratio | 82.2 | 0.8 | 1.5 | 1.9 | 2.5 |
Cash and cash equivalents | 513.62 | 30.23 | 141.83 | 100.23 | 107.10 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BB | BBB | BBB | BBB | BBB |
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