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 1993.2 kDKK in 2023. The operating profit was -3025 kDKK, while net earnings were 54.3 mDKK. The profitability of the company measured by Return on Assets (ROA) was 7.2 %, which can be considered decent and Return on Equity (ROE) was 6.8 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 99.7 %, 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 988.2 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 | 1 176.31 | 1 135.98 | 6 149.31 | 1 231.43 | 1 993.17 |
EBIT | - 916.37 | -2 582.17 | 2 297.70 | -2 330.75 | -3 024.97 |
Net earnings | 74 810.78 | 129 602.72 | 12 637.29 | 50 496.24 | 54 320.38 |
Shareholders equity total | 579 741.06 | 709 288.48 | 729 669.27 | 780 108.31 | 822 869.79 |
Balance sheet total (assets) | 616 783.17 | 733 460.32 | 747 334.39 | 783 578.47 | 825 668.15 |
Net debt | - 323 226.15 | - 397 585.81 | - 521 575.76 | - 619 508.81 | - 633 770.24 |
Profitability | |||||
EBIT-% | |||||
ROA | 16.5 % | 22.3 % | 4.8 % | 7.8 % | 7.2 % |
ROE | 13.9 % | 20.1 % | 1.8 % | 6.7 % | 6.8 % |
ROI | 17.1 % | 23.2 % | 4.9 % | 7.8 % | 7.2 % |
Economic value added (EVA) | -5 212.25 | -9 735.49 | -7 030.81 | -2 088.75 | 796.48 |
Solvency | |||||
Equity ratio | 94.0 % | 96.7 % | 97.6 % | 99.6 % | 99.7 % |
Gearing | 0.0 % | 1.8 % | 0.0 % | 0.0 % | |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 62.2 | 30.5 | 43.0 | 1 076.0 | 988.2 |
Current ratio | 62.2 | 30.5 | 43.0 | 1 076.0 | 988.2 |
Cash and cash equivalents | 323 226.15 | 397 711.44 | 534 975.43 | 619 645.82 | 633 939.92 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | AA | AA | AAA | AA | AA |
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