CanNordic a/s — Credit Rating and Financial Key Figures
Credit rating
Company information
About CanNordic a/s
CanNordic a/s (CVR number: 33871902) is a company from KØBENHAVN. The company recorded a gross profit of -477.7 kDKK in 2024. The operating profit was -5414.6 kDKK, while net earnings were -4881.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was -27.8 %, which can be considered poor and Return on Equity (ROE) was -89.4 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 57.8 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. CanNordic a/s's liquidity measured by quick ratio was 1.4 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 2 110.73 | ||||
Gross profit | 775.50 | 2 438.93 | 506.32 | -3 918.90 | - 477.67 |
EBIT | 119.60 | 867.62 | -5 113.63 | -9 681.95 | -5 414.62 |
Net earnings | -46.45 | 1 480.25 | -4 299.26 | -8 240.44 | -4 881.64 |
Shareholders equity total | 46.77 | 1 940.02 | 640.77 | 400.33 | 10 518.69 |
Balance sheet total (assets) | 4 985.06 | 11 864.45 | 21 373.26 | 18 968.77 | 19 940.45 |
Net debt | 3 052.08 | 8 527.58 | 15 818.76 | 13 206.61 | 2 243.49 |
Profitability | |||||
EBIT-% | 5.7 % | ||||
ROA | 2.4 % | 10.3 % | -30.7 % | -48.1 % | -27.8 % |
ROE | -2.8 % | 149.0 % | -333.2 % | -1583.0 % | -89.4 % |
ROI | 2.7 % | 11.6 % | -36.3 % | -62.8 % | -41.1 % |
Economic value added (EVA) | 182.54 | 798.50 | -3 741.86 | -7 187.78 | -3 773.77 |
Solvency | |||||
Equity ratio | 35.5 % | 16.4 % | 3.6 % | 2.4 % | 57.8 % |
Gearing | 7158.7 % | 441.5 % | 2564.5 % | 3303.6 % | 21.3 % |
Relative net indebtedness % | 185.5 % | ||||
Liquidity | |||||
Quick ratio | 0.4 | 0.5 | 0.8 | 0.5 | 1.4 |
Current ratio | 1.6 | 0.5 | 0.7 | 0.6 | 1.2 |
Cash and cash equivalents | 296.25 | 36.84 | 613.70 | 18.52 | 0.93 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 8.0 | ||||
Net working capital % | 26.1 % | ||||
Credit risk | |||||
Credit rating | BBB | BBB | BB | BB | BBB |
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