COINIFY ApS — Credit Rating and Financial Key Figures

CVR number: 35847995
Grønnegade 10, 1107 København K

Credit rating

Company information

Official name
COINIFY ApS
Personnel
41 persons
Established
2014
Company form
Private limited company
Industry

About COINIFY ApS

COINIFY ApS (CVR number: 35847995) is a company from KØBENHAVN. The company recorded a gross profit of 24 mDKK in 2023. The operating profit was -2112.3 kDKK, while net earnings were -2840.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was -4.9 %, which can be considered poor and Return on Equity (ROE) was -7.3 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 29.4 %, 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. COINIFY ApS's liquidity measured by quick ratio was 0.7 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.

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 profit7 550.3419 312.7634 302.625 019.8924 013.85
EBIT-12 726.02-1 187.76-14 085.83-8 915.11-2 112.26
Net earnings-10 431.1213.41-17 508.73-9 252.11-2 840.39
Shareholders equity total8 807.5016 755.368 396.15- 855.96-3 696.32
Balance sheet total (assets)26 582.0440 982.1227 986.3918 030.5060 152.53
Net debt-18 806.39-27 913.43-14 462.03-1 829.653 495.33
Profitability
EBIT-%
ROA-39.8 %1.2 %-39.7 %-37.5 %-4.9 %
ROE-64.3 %0.1 %-139.2 %-70.0 %-7.3 %
ROI-73.4 %3.1 %-108.7 %-152.1 %-16.6 %
Economic value added (EVA)-6 817.352 893.75-11 962.05-4 246.932 542.55
Solvency
Equity ratio33.1 %40.9 %30.0 %-4.5 %29.4 %
Gearing17.6 %0.3 %-366.4 %-578.7 %
Relative net indebtedness %
Liquidity
Quick ratio1.41.41.20.70.7
Current ratio1.51.71.40.91.4
Cash and cash equivalents20 353.9627 913.4314 483.874 965.6317 895.11
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBB

Variable visualization

ROA:-4.93%
Rating: 15/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:29.4%
Rating: 26/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Board member
Chief executive officer

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