CTB Denmark Holding ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About CTB Denmark Holding ApS
CTB Denmark Holding ApS (CVR number: 37971006K) is a company from KØBENHAVN. The company reported a net sales of 402.5 mDKK in 2024, demonstrating a decline of -3.7 % compared to the previous year. The operating profit percentage was at 6.1 % (EBIT: 24.7 mDKK), while net earnings were 19.8 mDKK. The profitability of the company measured by Return on Assets (ROA) was 10.2 %, which can be considered good but Return on Equity (ROE) was 6.7 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 77.8 %, 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 4.8 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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 317.87 | 379.26 | 401.85 | 417.87 | 402.49 |
Gross profit | 30.32 | 58.11 | 69.52 | 92.37 | 97.26 |
EBIT | 4.02 | 22.66 | 25.49 | 23.63 | 24.66 |
Net earnings | -6.48 | 12.16 | 12.34 | 12.19 | 19.77 |
Shareholders equity total | 253.52 | 271.61 | 285.31 | 298.56 | 319.58 |
Balance sheet total (assets) | 463.05 | 437.71 | 450.89 | 432.24 | 465.42 |
Net debt | - 107.57 | - 179.23 | |||
Profitability | |||||
EBIT-% | 1.3 % | 6.0 % | 6.3 % | 5.7 % | 6.1 % |
ROA | 1.0 % | 5.0 % | 5.7 % | 8.7 % | 10.2 % |
ROE | -2.5 % | 4.6 % | 4.4 % | 4.3 % | 6.7 % |
ROI | 1.0 % | 5.0 % | 5.7 % | 9.9 % | 13.9 % |
Economic value added (EVA) | -9.07 | 9.92 | 11.84 | -0.86 | 1.42 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 73.8 % | 77.8 % |
Gearing | 3.1 % | 2.5 % | |||
Relative net indebtedness % | 1.1 % | -13.4 % | |||
Liquidity | |||||
Quick ratio | 3.1 | 4.8 | |||
Current ratio | 2.8 | 2.9 | |||
Cash and cash equivalents | 116.88 | 187.34 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 63.6 | 52.2 | |||
Net working capital % | 42.8 % | 54.0 % | |||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | AAA | AAA |
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