CTB Denmark Holding ApS — Credit Rating and Financial Key Figures

CVR number: 37971006
Gdanskgade 18, 2150 Nordhavn

Credit rating

Company information

Official name
CTB Denmark Holding ApS
Established
2016
Company form
Private limited company
Industry

About CTB Denmark Holding ApS

CTB Denmark Holding ApS (CVR number: 37971006K) is a company from KØBENHAVN. The company reported a net sales of 417.9 mDKK in 2023, demonstrating a growth of 4 % compared to the previous year. The operating profit percentage was at 5.7 % (EBIT: 23.6 mDKK), while net earnings were 12.2 mDKK. The profitability of the company measured by Return on Assets (ROA) was 8.7 %, which can be considered good but Return on Equity (ROE) was 4.4 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 73.8 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. CTB Denmark Holding ApS's liquidity measured by quick ratio was 3.1 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

Net sales (mDKK)

EBIT (mDKK)

Profitability

Solidity

Key figures (mDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales388.92317.87379.26401.85417.87
Gross profit44.7230.3258.1169.5295.24
EBIT6.454.0222.6625.4923.63
Net earnings-2.51-6.4812.1612.3412.19
Shareholders equity total260.55253.52271.61285.31298.56
Balance sheet total (assets)373.76463.05437.71450.89432.24
Net debt-85.67- 107.57
Profitability
EBIT-%1.7 %1.3 %6.0 %6.3 %5.7 %
ROA1.7 %1.0 %5.0 %6.6 %8.7 %
ROE-1.0 %-2.5 %4.6 %4.5 %4.4 %
ROI1.9 %1.0 %5.0 %7.8 %12.2 %
Economic value added (EVA)-4.37-9.079.924.453.60
Solvency
Equity ratio100.0 %100.0 %100.0 %74.9 %73.8 %
Gearing3.6 %3.1 %
Relative net indebtedness %13.7 %1.1 %
Liquidity
Quick ratio3.73.1
Current ratio2.12.8
Cash and cash equivalents95.93116.88
Capital use efficiency
Trade debtors turnover (days)63.963.6
Net working capital %35.9 %42.8 %
Credit risk
Credit ratingBBBBBBAAAAAAA

Variable visualization

ROA:8.68%
Rating: 53/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:73.8%
Rating: 55/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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