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 958.9 mDKK in 2024, demonstrating a growth of 12.7 % compared to the previous year. The operating profit percentage was at 3 % (EBIT: 28.4 mDKK), while net earnings were 64.6 mDKK. The profitability of the company measured by Return on Assets (ROA) was 4.9 %, which can be considered decent but Return on Equity (ROE) was 3.5 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 87.7 %, 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 3.6 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 financials2023 | 2024 | |
---|---|---|
Volume | ||
Net sales | 850 599.00 | 958 890.00 |
Gross profit | 170 097.00 | 237 204.00 |
EBIT | -30 257.00 | 28 424.00 |
Net earnings | 20 603.00 | 64 604.00 |
Shareholders equity total | 1 828 100.00 | 1 887 716.00 |
Balance sheet total (assets) | 2 058 555.00 | 2 152 272.00 |
Net debt | - 660 118.00 | - 519 188.00 |
Profitability | ||
EBIT-% | -3.6 % | 3.0 % |
ROA | 2.8 % | 4.9 % |
ROE | 1.1 % | 3.5 % |
ROI | 2.9 % | 5.2 % |
Economic value added (EVA) | -21 482.47 | -76 422.05 |
Solvency | ||
Equity ratio | 88.8 % | 87.7 % |
Gearing | 7.0 % | 6.7 % |
Relative net indebtedness % | -65.6 % | -40.5 % |
Liquidity | ||
Quick ratio | 4.5 | 3.6 |
Current ratio | 5.1 | 4.3 |
Cash and cash equivalents | 788 072.00 | 645 675.00 |
Capital use efficiency | ||
Trade debtors turnover (days) | 34.3 | 33.7 |
Net working capital % | 30.9 % | 30.4 % |
Credit risk | ||
Credit rating | AAA | AAA |
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