COINIFY ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 7 550.34 | 19 312.76 | 34 302.62 | 5 019.89 | 24 013.85 |
EBIT | -12 726.02 | -1 187.76 | -14 085.83 | -8 915.11 | -2 112.26 |
Net earnings | -10 431.12 | 13.41 | -17 508.73 | -9 252.11 | -2 840.39 |
Shareholders equity total | 8 807.50 | 16 755.36 | 8 396.15 | - 855.96 | -3 696.32 |
Balance sheet total (assets) | 26 582.04 | 40 982.12 | 27 986.39 | 18 030.50 | 60 152.53 |
Net debt | -18 806.39 | -27 913.43 | -14 462.03 | -1 829.65 | 3 495.33 |
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) | -6 817.35 | 2 893.75 | -11 962.05 | -4 246.93 | 2 542.55 |
Solvency | |||||
Equity ratio | 33.1 % | 40.9 % | 30.0 % | -4.5 % | 29.4 % |
Gearing | 17.6 % | 0.3 % | -366.4 % | -578.7 % | |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 1.4 | 1.4 | 1.2 | 0.7 | 0.7 |
Current ratio | 1.5 | 1.7 | 1.4 | 0.9 | 1.4 |
Cash and cash equivalents | 20 353.96 | 27 913.43 | 14 483.87 | 4 965.63 | 17 895.11 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | B | BBB |
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