CONTINO ASSETS A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About CONTINO ASSETS A/S
CONTINO ASSETS A/S (CVR number: 29306591) is a company from AABENRAA. The company recorded a gross profit of 43.3 mDKK in 2023. The operating profit was 15.1 mDKK, while net earnings were 7761.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 7.5 %, which can be considered decent but Return on Equity (ROE) was 13.8 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 29.2 %, 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. CONTINO ASSETS A/S's liquidity measured by quick ratio was 0.8 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 29 951.26 | 33 404.36 | 34 263.68 | 34 197.68 | 43 261.32 |
EBIT | 2 269.06 | 5 623.99 | 19 062.24 | 8 108.94 | 15 088.11 |
Net earnings | 832.15 | 2 759.18 | 14 065.65 | 4 419.42 | 7 761.65 |
Shareholders equity total | 28 664.78 | 33 763.96 | 47 829.61 | 52 249.03 | 60 010.68 |
Balance sheet total (assets) | 171 851.85 | 143 791.70 | 165 386.19 | 210 227.26 | 205 300.76 |
Net debt | 86 331.44 | 62 452.53 | 35 726.58 | 28 462.69 | 30 172.94 |
Profitability | |||||
EBIT-% | |||||
ROA | 1.4 % | 3.6 % | 12.4 % | 4.3 % | 7.5 % |
ROE | 2.9 % | 8.8 % | 34.5 % | 8.8 % | 13.8 % |
ROI | 1.4 % | 3.6 % | 12.7 % | 4.5 % | 7.7 % |
Economic value added (EVA) | - 336.90 | 2 579.02 | 13 320.14 | 3 603.27 | 9 119.22 |
Solvency | |||||
Equity ratio | 16.7 % | 23.5 % | 28.9 % | 24.9 % | 29.2 % |
Gearing | 305.9 % | 187.8 % | 84.7 % | 60.0 % | 50.3 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 0.1 | 0.3 | 0.3 | 0.4 | 0.8 |
Current ratio | 0.1 | 0.3 | 0.3 | 0.5 | 0.8 |
Cash and cash equivalents | 1 341.61 | 945.33 | 4 781.63 | 2 866.92 | 7.36 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | AA | AA | AAA | AAA | AAA |
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