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 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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 388.92 | 317.87 | 379.26 | 401.85 | 417.87 |
Gross profit | 44.72 | 30.32 | 58.11 | 69.52 | 95.24 |
EBIT | 6.45 | 4.02 | 22.66 | 25.49 | 23.63 |
Net earnings | -2.51 | -6.48 | 12.16 | 12.34 | 12.19 |
Shareholders equity total | 260.55 | 253.52 | 271.61 | 285.31 | 298.56 |
Balance sheet total (assets) | 373.76 | 463.05 | 437.71 | 450.89 | 432.24 |
Net debt | -85.67 | - 107.57 | |||
Profitability | |||||
EBIT-% | 1.7 % | 1.3 % | 6.0 % | 6.3 % | 5.7 % |
ROA | 1.7 % | 1.0 % | 5.0 % | 6.6 % | 8.7 % |
ROE | -1.0 % | -2.5 % | 4.6 % | 4.5 % | 4.4 % |
ROI | 1.9 % | 1.0 % | 5.0 % | 7.8 % | 12.2 % |
Economic value added (EVA) | -4.37 | -9.07 | 9.92 | 4.45 | 3.60 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 74.9 % | 73.8 % |
Gearing | 3.6 % | 3.1 % | |||
Relative net indebtedness % | 13.7 % | 1.1 % | |||
Liquidity | |||||
Quick ratio | 3.7 | 3.1 | |||
Current ratio | 2.1 | 2.8 | |||
Cash and cash equivalents | 95.93 | 116.88 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 63.9 | 63.6 | |||
Net working capital % | 35.9 % | 42.8 % | |||
Credit risk | |||||
Credit rating | BBB | BBB | A | AAA | AAA |
Variable visualization
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