CAN ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About CAN ApS
CAN ApS (CVR number: 21830674K) is a company from MIDDELFART. The company reported a net sales of 292.7 mDKK in 2024, demonstrating a decline of -26.3 % compared to the previous year. The operating profit percentage was at 3.5 % (EBIT: 10.3 mDKK), while net earnings were 11.3 mDKK. The profitability of the company measured by Return on Assets (ROA) was 3.5 %, which can be considered weak but Return on Equity (ROE) was 13.3 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 74.9 %, 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. CAN ApS's liquidity measured by quick ratio was 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 | 527.39 | 599.69 | 730.63 | 397.29 | 292.67 |
Gross profit | 116.72 | 126.48 | 141.21 | 97.55 | 77.31 |
EBIT | 48.52 | 63.17 | 67.44 | 21.60 | 10.31 |
Net earnings | 45.15 | 68.05 | 75.56 | 19.93 | 11.27 |
Shareholders equity total | 324.19 | 320.42 | |||
Balance sheet total (assets) | 347.33 | 447.80 | 476.64 | 471.86 | 427.53 |
Net debt | -45.49 | -42.37 | |||
Profitability | |||||
EBIT-% | 9.2 % | 10.5 % | 9.2 % | 5.4 % | 3.5 % |
ROA | 14.9 % | 15.9 % | 14.6 % | 6.1 % | 3.5 % |
ROE | 53.9 % | 46.7 % | 13.3 % | ||
ROI | 14.9 % | 15.9 % | 14.6 % | 6.7 % | 4.0 % |
Economic value added (EVA) | 29.44 | 49.53 | 52.90 | 15.79 | -12.12 |
Solvency | |||||
Equity ratio | 68.7 % | 74.9 % | |||
Gearing | 17.8 % | 16.4 % | |||
Relative net indebtedness % | 6.7 % | 0.8 % | |||
Liquidity | |||||
Quick ratio | 2.0 | 2.0 | |||
Current ratio | 2.1 | 2.3 | |||
Cash and cash equivalents | 103.16 | 94.85 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 48.9 | 27.9 | |||
Net working capital % | 27.5 % | 29.0 % | |||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | AAA | AAA |
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