CWGO ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About CWGO ApS
CWGO ApS (CVR number: 38322699) is a company from HERNING. The company recorded a gross profit of -20.5 kDKK in 2023. The operating profit was -20.5 kDKK, while net earnings were -970.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 1.2 %, which can be considered weak but Return on Equity (ROE) was -15.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 70.5 %, 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. CWGO ApS's liquidity measured by quick ratio was 53 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 financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | -77.27 | -35.83 | -51.19 | -46.62 | -20.54 |
EBIT | -77.27 | -35.83 | -51.19 | -46.62 | -20.54 |
Net earnings | 176.09 | 750.16 | - 244.75 | 1 001.89 | - 970.51 |
Shareholders equity total | 5 604.18 | 6 253.84 | 5 906.09 | 6 803.98 | 5 728.47 |
Balance sheet total (assets) | 5 622.18 | 6 273.84 | 5 926.09 | 6 850.57 | 8 129.47 |
Net debt | -4 995.74 | -4 724.99 | -4 181.08 | -5 011.33 | 1 500.13 |
Profitability | |||||
EBIT-% | |||||
ROA | 4.1 % | 16.2 % | 3.2 % | 18.6 % | 1.2 % |
ROE | 3.2 % | 12.7 % | -4.0 % | 15.8 % | -15.5 % |
ROI | 4.2 % | 16.3 % | 3.2 % | 18.7 % | 1.2 % |
Economic value added (EVA) | -68.38 | -58.52 | - 128.02 | - 125.92 | - 110.69 |
Solvency | |||||
Equity ratio | 99.7 % | 99.7 % | 99.7 % | 99.3 % | 70.5 % |
Gearing | 41.6 % | ||||
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 295.7 | 245.2 | 216.6 | 107.6 | 53.0 |
Current ratio | 295.7 | 245.2 | 216.6 | 107.6 | 53.0 |
Cash and cash equivalents | 4 995.74 | 4 724.99 | 4 181.08 | 5 011.33 | 880.87 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | A | BBB | A | BBB |
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