CO-RO A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About CO-RO A/S
CO-RO A/S (CVR number: 63548715) is a company from FREDERIKSSUND. The company reported a net sales of 850.6 mDKK in 2023, demonstrating a decline of -4 % compared to the previous year. The operating profit percentage was poor at -3.6 % (EBIT: -30.3 mDKK), while net earnings were 20.6 mDKK. The profitability of the company measured by Return on Assets (ROA) was 2.9 %, which can be considered weak and Return on Equity (ROE) was 1.1 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 88.8 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. CO-RO A/S's liquidity measured by quick ratio was 4.5 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 | 2022 | 2023 | |
---|---|---|---|
Volume | |||
Net sales | 885 765.00 | 850 599.00 | |
Gross profit | 203 379.00 | 170 097.00 | |
EBIT | -17 963.00 | -30 257.00 | |
Net earnings | - 103 535.00 | 20 603.00 | |
Shareholders equity total | 1 817 870.00 | 1 828 100.00 | |
Balance sheet total (assets) | 1 970 963.00 | 2 058 555.00 | |
Net debt | - 704 145.00 | - 660 118.00 | |
Profitability | |||
EBIT-% | -2.0 % | -3.6 % | |
ROA | 0.4 % | 2.9 % | |
ROE | -5.7 % | 1.1 % | |
ROI | 0.4 % | 3.0 % | |
Economic value added (EVA) | -17 334.74 | -16 008.57 | -58 106.28 |
Solvency | |||
Equity ratio | 92.2 % | 88.8 % | |
Gearing | 2.9 % | 7.0 % | |
Relative net indebtedness % | -68.1 % | -65.6 % | |
Liquidity | |||
Quick ratio | 6.6 | 4.5 | |
Current ratio | 7.9 | 5.1 | |
Cash and cash equivalents | 756 516.00 | 788 072.00 | |
Capital use efficiency | |||
Trade debtors turnover (days) | 35.1 | 34.3 | |
Net working capital % | 36.4 % | 30.9 % | |
Credit risk | |||
Credit rating | AA | AAA |
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