CORVENAS HOLDING ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About CORVENAS HOLDING ApS
CORVENAS HOLDING ApS (CVR number: 32784860) is a company from EGEDAL. The company recorded a gross profit of -8.7 kDKK in 2023. The operating profit was -8.7 kDKK, while net earnings were 1301.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 58.8 %, which can be considered excellent and Return on Equity (ROE) was 87 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 67.7 %, 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. CORVENAS HOLDING ApS's liquidity measured by quick ratio was 1.7 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | -6.38 | -8.26 | -7.85 | -8.46 | -8.74 |
EBIT | -6.38 | -8.26 | -7.85 | -8.46 | -8.74 |
Net earnings | 161.11 | 233.59 | -73.08 | 565.37 | 1 301.14 |
Shareholders equity total | 401.71 | 524.70 | 338.62 | 903.98 | 2 087.32 |
Balance sheet total (assets) | 680.26 | 929.34 | 771.37 | 1 458.94 | 3 081.91 |
Net debt | 201.57 | 290.82 | 389.34 | 414.93 | 495.87 |
Profitability | |||||
EBIT-% | |||||
ROA | 28.9 % | 30.4 % | -7.0 % | 52.6 % | 58.8 % |
ROE | 42.9 % | 50.4 % | -16.9 % | 91.0 % | 87.0 % |
ROI | 30.2 % | 32.8 % | -7.4 % | 56.2 % | 68.2 % |
Economic value added (EVA) | 6.76 | 8.23 | 13.21 | 8.09 | 13.07 |
Solvency | |||||
Equity ratio | 59.1 % | 56.5 % | 43.9 % | 62.0 % | 67.7 % |
Gearing | 59.0 % | 62.7 % | 126.0 % | 46.4 % | 24.0 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 0.9 | 0.9 | 1.0 | 1.8 | 1.7 |
Current ratio | 0.9 | 0.9 | 1.0 | 1.8 | 1.7 |
Cash and cash equivalents | 35.27 | 37.98 | 37.16 | 4.50 | 4.09 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | A | A | BBB | A | AA |
Variable visualization
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