Convertic ApS — Credit Rating and Financial Key Figures

CVR number: 34706085
Borgmester Jørgensens Vej 4, 2930 Klampenborg
mb@convertic.dk
tel: 22894767
www.convertic.dk

Credit rating

Company information

Official name
Convertic ApS
Personnel
1 person
Established
2012
Company form
Private limited company
Industry

About Convertic ApS

Convertic ApS (CVR number: 34706085) is a company from GENTOFTE. The company recorded a gross profit of 323.3 kDKK in 2023. The operating profit was 32.1 kDKK, while net earnings were 26 kDKK. The profitability of the company measured by Return on Assets (ROA) was 7.5 %, which can be considered decent but Return on Equity (ROE) was 16.9 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 37.6 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. Convertic ApS's liquidity measured by quick ratio was 1.6 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit2 119.61679.36413.40508.48323.26
EBIT593.64- 193.16180.49177.8732.11
Net earnings437.18- 165.83137.72129.6226.01
Shareholders equity total532.25-85.5852.14145.63162.92
Balance sheet total (assets)1 223.93539.77303.64424.68433.74
Net debt- 340.59- 249.66-24.63- 239.21- 301.93
Profitability
EBIT-%
ROA41.1 %-20.9 %38.9 %48.8 %7.5 %
ROE71.2 %-30.9 %46.5 %131.1 %16.9 %
ROI93.2 %-55.6 %120.3 %82.1 %12.1 %
Economic value added (EVA)447.91- 165.58162.60135.7736.24
Solvency
Equity ratio43.5 %-13.7 %17.2 %34.3 %37.6 %
Gearing7.1 %-145.0 %234.2 %76.6 %68.7 %
Relative net indebtedness %
Liquidity
Quick ratio1.80.91.21.51.6
Current ratio1.80.91.21.51.6
Cash and cash equivalents378.64373.75146.72350.76413.92
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBB

Variable visualization

ROA:7.51%
Rating: 50/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:37.6%
Rating: 31/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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