Combine A/S — Credit Rating and Financial Key Figures

CVR number: 37342084
Vestre Havnepromenade 5, 9000 Aalborg
info@combine.dk
tel: 99349800
www.combine.dk

Company information

Official name
Combine A/S
Personnel
25 persons
Established
2015
Company form
Limited company
Industry

About Combine A/S

Combine A/S (CVR number: 37342084) is a company from AALBORG. The company recorded a gross profit of 17.1 mDKK in 2023. The operating profit was 1689.8 kDKK, while net earnings were 714.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 10.2 %, which can be considered good but Return on Equity (ROE) was 15.1 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 30.9 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. Combine A/S's liquidity measured by quick ratio was 2.2 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit18 976.8116 331.5514 777.1218 019.5117 087.42
EBIT2 551.25248.39-3 155.111 674.421 689.81
Net earnings1 831.91170.07-2 509.071 186.45714.07
Shareholders equity total5 524.555 694.623 185.554 372.015 086.08
Balance sheet total (assets)17 718.4218 361.2718 799.0617 871.6317 229.21
Net debt6 194.432 479.132 843.272 241.502 996.88
Profitability
EBIT-%
ROA13.0 %1.8 %-16.6 %9.7 %10.2 %
ROE31.5 %3.0 %-56.5 %31.4 %15.1 %
ROI16.9 %2.6 %-29.7 %17.7 %15.6 %
Economic value added (EVA)2 221.0916.06-2 712.501 378.071 009.66
Solvency
Equity ratio31.2 %31.0 %16.9 %24.5 %30.9 %
Gearing113.7 %45.3 %99.1 %51.7 %58.9 %
Relative net indebtedness %
Liquidity
Quick ratio1.51.91.21.92.2
Current ratio1.51.91.21.92.0
Cash and cash equivalents85.42102.61314.7819.76
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAABBBAA

Variable visualization

ROA:10.2%
Rating: 58/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:30.9%
Rating: 27/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board

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