Adax NewCo 2 ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Adax NewCo 2 ApS
Adax NewCo 2 ApS (CVR number: 37507792) is a company from ROSKILDE. The company reported a net sales of 0.9 mDKK in 2023, demonstrating a decline of -44.6 % compared to the previous year. The operating profit percentage was at 98.6 % (EBIT: 0.9 mDKK), while net earnings were 973.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 33 %, which can be considered excellent and Return on Equity (ROE) was 35.9 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 90.5 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. Adax NewCo 2 ApS's liquidity measured by quick ratio was 2.3 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 (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | - 718.66 | - 765.22 | 1 673.21 | 1 626.05 | 900.17 |
Gross profit | - 725.91 | - 772.47 | 1 664.13 | 1 618.17 | 887.81 |
EBIT | - 725.91 | - 772.47 | 1 664.13 | 1 618.17 | 887.81 |
Net earnings | - 850.51 | - 875.29 | 1 600.82 | 1 502.60 | 973.46 |
Shareholders equity total | 330.97 | - 563.22 | 1 053.86 | 2 536.58 | 2 886.89 |
Balance sheet total (assets) | 5 737.84 | 4 943.48 | 5 771.49 | 2 840.82 | 3 188.43 |
Net debt | 4 849.41 | 4 959.40 | 3 970.59 | - 301.87 | - 429.20 |
Profitability | |||||
EBIT-% | 99.5 % | 99.5 % | 98.6 % | ||
ROA | -10.8 % | -13.7 % | 30.4 % | 38.1 % | 33.0 % |
ROE | -112.7 % | -33.2 % | 53.4 % | 83.7 % | 35.9 % |
ROI | -10.8 % | -13.8 % | 30.5 % | 38.2 % | 33.2 % |
Economic value added (EVA) | - 398.17 | - 498.93 | 1 931.45 | 1 885.24 | 882.88 |
Solvency | |||||
Equity ratio | 5.8 % | -10.2 % | 18.3 % | 89.3 % | 90.5 % |
Gearing | 1631.7 % | -976.6 % | 446.2 % | 11.7 % | 9.5 % |
Relative net indebtedness % | -675.7 % | -648.9 % | 238.2 % | -18.2 % | -44.6 % |
Liquidity | |||||
Quick ratio | 1.8 | 1.8 | 2.4 | 2.1 | 2.3 |
Current ratio | 1.8 | 1.8 | 2.4 | 2.1 | 2.3 |
Cash and cash equivalents | 551.21 | 541.05 | 731.81 | 599.86 | 702.57 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | -35.3 % | -32.1 % | -18.1 % | -16.1 % | 44.9 % |
Credit risk | |||||
Credit rating | BB | BB | A | BBB | A |
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