TERRA NOVA A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About TERRA NOVA A/S
TERRA NOVA A/S (CVR number: 76351414) is a company from HELSINGØR. The company recorded a gross profit of 11.7 mDKK in 2024. The operating profit was 8097.5 kDKK, while net earnings were -1966.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 8.3 %, which can be considered good but Return on Equity (ROE) was -0.2 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 99.5 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. TERRA NOVA A/S's liquidity measured by quick ratio was 1336.4 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 financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | 1 135.98 | 6 149.31 | 1 231.43 | 1 993.17 | 11 684.50 |
| EBIT | -2 582.17 | 2 297.70 | -2 330.75 | -3 024.97 | 8 097.55 |
| Net earnings | 129 602.72 | 12 637.29 | 50 496.24 | 54 320.38 | -1 966.39 |
| Shareholders equity total | 709 288.48 | 729 669.27 | 780 108.31 | 822 869.79 | 820 842.40 |
| Balance sheet total (assets) | 733 460.32 | 747 334.39 | 783 578.47 | 825 668.15 | 825 255.37 |
| Net debt | - 397 585.81 | - 521 575.76 | - 619 508.81 | - 633 770.24 | - 567 716.11 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 22.3 % | 4.8 % | 7.8 % | 7.2 % | 8.3 % |
| ROE | 20.1 % | 1.8 % | 6.7 % | 6.8 % | -0.2 % |
| ROI | 23.2 % | 4.9 % | 7.8 % | 7.2 % | 8.4 % |
| Economic value added (EVA) | -31 405.40 | -34 406.11 | -39 390.80 | -41 764.91 | -35 190.44 |
| Solvency | |||||
| Equity ratio | 96.7 % | 97.6 % | 99.6 % | 99.7 % | 99.5 % |
| Gearing | 0.0 % | 1.8 % | 0.0 % | 0.0 % | |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 30.5 | 43.0 | 1 076.0 | 988.2 | 1 336.4 |
| Current ratio | 30.5 | 43.0 | 1 076.0 | 988.2 | 1 336.4 |
| Cash and cash equivalents | 397 711.44 | 534 975.43 | 619 645.82 | 633 939.92 | 567 716.11 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | A | A | A | A | BBB |
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