Covento A/S — Credit Rating and Financial Key Figures

CVR number: 43186655
Hedeager 42, 8200 Aarhus N

Company information

Official name
Covento A/S
Personnel
7 persons
Established
2022
Company form
Limited company
Industry

About Covento A/S

Covento A/S (CVR number: 43186655) is a company from AARHUS. The company recorded a gross profit of 90 kDKK in 2023. The operating profit was -178.1 mDKK, while net earnings were -138 mDKK. The profitability of the company measured by Return on Assets (ROA) was -207.2 %, which can be considered poor and Return on Equity (ROE) was -2180.6 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 0.2 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. Covento A/S's liquidity measured by quick ratio was 1 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2022
2023
Volume
Net sales
Gross profit90.00
EBIT-8 582.00- 178 074.00
Net earnings-6 660.00- 138 021.00
Shareholders equity total12 340.00319.00
Balance sheet total (assets)16 202.00152 301.00
Net debt-37.00142 723.00
Profitability
EBIT-%
ROA-52.5 %-207.2 %
ROE-54.0 %-2180.6 %
ROI-68.9 %-224.7 %
Economic value added (EVA)-6 694.32- 141 026.76
Solvency
Equity ratio76.2 %0.2 %
Gearing44740.8 %
Relative net indebtedness %
Liquidity
Quick ratio4.21.0
Current ratio4.21.0
Cash and cash equivalents37.00
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBB

Variable visualization

ROA:-207.2%
Rating: 0/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:0.21%
Rating: 1/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Chief executive officer

Companies in the same industry

Try the full version of our system for free
Bankruptcy risk visualization example

... and more!

No registration needed.