C2IT A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About C2IT A/S
C2IT A/S (CVR number: 27356893K) is a company from KOLDING. The company reported a net sales of 101.8 mDKK in 2018, demonstrating a decline of -22 % compared to the previous year. The operating profit percentage was at 11.6 % (EBIT: 11.9 mDKK), while net earnings were 8805.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 28 %, which can be considered excellent and Return on Equity (ROE) was 83.2 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 42.5 %, 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. C2IT A/S's liquidity measured by quick ratio was 1.2 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 financials2017 | 2018 | |
---|---|---|
Volume | ||
Net sales | 130 514.61 | 101 822.60 |
Gross profit | 51 889.08 | 61 129.97 |
EBIT | 8 065.79 | 11 850.90 |
Net earnings | 5 915.79 | 8 805.48 |
Shareholders equity total | 13 289.44 | 16 579.74 |
Balance sheet total (assets) | 44 912.87 | 39 695.46 |
Net debt | -4 043.31 | -8 656.52 |
Profitability | ||
EBIT-% | 6.2 % | 11.6 % |
ROA | 18.1 % | 28.0 % |
ROE | 60.5 % | 83.2 % |
ROI | 53.5 % | 68.6 % |
Economic value added (EVA) | 5 949.01 | 8 501.38 |
Solvency | ||
Equity ratio | 31.7 % | 42.5 % |
Gearing | 14.3 % | 9.4 % |
Relative net indebtedness % | 19.7 % | 12.7 % |
Liquidity | ||
Quick ratio | 1.3 | 1.2 |
Current ratio | 1.2 | 1.2 |
Cash and cash equivalents | 5 943.04 | 10 220.18 |
Capital use efficiency | ||
Trade debtors turnover (days) | 75.0 | 51.3 |
Net working capital % | 4.4 % | 4.6 % |
Credit risk | ||
Credit rating | A | A |
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