CONVENA DISTRIBUTION A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About CONVENA DISTRIBUTION A/S
CONVENA DISTRIBUTION A/S (CVR number: 27276407) is a company from HVIDOVRE. The company reported a net sales of 437.9 mDKK in 2022, demonstrating a growth of 23 % compared to the previous year. The operating profit percentage was at 0.8 % (EBIT: 3.7 mDKK), while net earnings were 2233.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3 %, which can be considered weak and Return on Equity (ROE) was 3.7 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 30.5 %, 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. CONVENA DISTRIBUTION A/S's liquidity measured by quick ratio was 0.6 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2018 | 2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 387.60 | 356.06 | 437.91 | ||
Gross profit | 56.43 | 58.74 | 53.75 | 62.29 | 64.25 |
EBIT | 10.77 | 8.81 | 6.43 | 6.48 | 3.70 |
Net earnings | 7.29 | 6.15 | 4.00 | 9.52 | 2.23 |
Shareholders equity total | 54.72 | 52.87 | 56.87 | 62.30 | 58.52 |
Balance sheet total (assets) | 145.16 | 143.97 | 178.82 | 200.45 | 191.88 |
Net debt | 32.82 | 34.83 | 53.52 | 84.68 | 70.42 |
Profitability | |||||
EBIT-% | 1.7 % | 1.8 % | 0.8 % | ||
ROA | 8.3 % | 6.5 % | 4.4 % | 7.0 % | 3.0 % |
ROE | 13.7 % | 11.4 % | 7.3 % | 16.0 % | 3.7 % |
ROI | 14.0 % | 9.9 % | 6.6 % | 9.5 % | 4.0 % |
Economic value added (EVA) | 5.82 | 4.33 | 2.66 | 2.56 | 0.63 |
Solvency | |||||
Equity ratio | 37.7 % | 36.7 % | 31.8 % | 31.1 % | 30.5 % |
Gearing | 69.6 % | 78.2 % | 107.5 % | 138.8 % | 121.5 % |
Relative net indebtedness % | 29.5 % | 38.2 % | 30.2 % | ||
Liquidity | |||||
Quick ratio | 0.7 | 0.9 | 0.7 | 0.6 | 0.6 |
Current ratio | 1.5 | 1.5 | 1.4 | 1.2 | 1.3 |
Cash and cash equivalents | 5.25 | 6.53 | 7.63 | 1.77 | 0.69 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 31.0 | 45.9 | 38.8 | ||
Net working capital % | 11.6 % | 8.7 % | 7.7 % | ||
Credit risk | |||||
Credit rating | AAA | AAA | AA | AA | AA |
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