C.E. HOLDING A/S. KOLDING — Credit Rating and Financial Key Figures
Credit rating
Company information
About C.E. HOLDING A/S. KOLDING
C.E. HOLDING A/S. KOLDING (CVR number: 19943011) is a company from VEJLE. The company reported a net sales of 0.3 mDKK in 2023, demonstrating a decline of -40.9 % compared to the previous year. The operating profit percentage was at 43.3 % (EBIT: 0.1 mDKK), while net earnings were -41.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 0.1 %, which can be considered weak but Return on Equity (ROE) was -2.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 79.7 %, 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. C.E. HOLDING A/S. KOLDING's liquidity measured by quick ratio was 3.4 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 (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 404.90 | 437.54 | 433.07 | 470.24 | 277.90 |
Gross profit | 351.00 | 386.81 | 368.71 | 377.74 | 210.49 |
EBIT | -25.97 | 155.86 | 235.26 | 290.59 | 120.26 |
Net earnings | -52.65 | 77.08 | 81.99 | 92.77 | -41.08 |
Shareholders equity total | 1 780.65 | 1 747.14 | 1 716.13 | 1 694.50 | 1 535.62 |
Balance sheet total (assets) | 2 029.03 | 1 989.92 | 1 983.15 | 2 123.42 | 1 926.52 |
Net debt | - 425.38 | - 514.21 | - 628.01 | - 789.75 | - 813.23 |
Profitability | |||||
EBIT-% | -6.4 % | 35.6 % | 54.3 % | 61.8 % | 43.3 % |
ROA | -0.8 % | 6.3 % | 8.6 % | 9.1 % | 0.1 % |
ROE | -2.8 % | 4.4 % | 4.7 % | 5.4 % | -2.5 % |
ROI | -0.9 % | 7.2 % | 9.9 % | 10.7 % | 0.1 % |
Economic value added (EVA) | -41.18 | 87.15 | 150.51 | 185.15 | 68.73 |
Solvency | |||||
Equity ratio | 87.8 % | 87.8 % | 86.5 % | 79.8 % | 79.7 % |
Gearing | 3.5 % | 3.5 % | |||
Relative net indebtedness % | -43.7 % | -62.0 % | -83.4 % | -90.6 % | -173.6 % |
Liquidity | |||||
Quick ratio | 3.4 | 3.8 | 3.9 | 3.1 | 3.4 |
Current ratio | 3.4 | 3.8 | 3.9 | 3.1 | 3.4 |
Cash and cash equivalents | 425.38 | 514.21 | 628.01 | 848.29 | 867.56 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | 44.6 % | 51.0 % | 81.8 % | 105.6 % | 176.5 % |
Credit risk | |||||
Credit rating | A | A | A | A | A |
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