COMM2IG A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About COMM2IG A/S
COMM2IG A/S (CVR number: 20719907) is a company from FREDENSBORG. The company reported a net sales of 1868.3 mDKK in 2023, demonstrating a growth of 8.3 % compared to the previous year. The operating profit percentage was at 3.8 % (EBIT: 70.3 mDKK), while net earnings were 57.4 mDKK. The profitability of the company measured by Return on Assets (ROA) was 20.1 %, which can be considered excellent and Return on Equity (ROE) was 40.8 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 46 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. COMM2IG A/S's liquidity measured by quick ratio was 1.8 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 (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 1 049.69 | 1 350.83 | 1 313.59 | 1 725.04 | 1 868.29 |
Gross profit | 111.22 | 131.43 | 131.43 | 154.54 | 195.68 |
EBIT | 35.19 | 53.86 | 33.29 | 42.15 | 70.34 |
Net earnings | 26.21 | 40.92 | 26.63 | 33.22 | 57.43 |
Shareholders equity total | 75.79 | 94.21 | 90.84 | 124.06 | 157.49 |
Balance sheet total (assets) | 245.67 | 295.50 | 311.16 | 393.51 | 342.49 |
Net debt | -54.75 | -11.78 | 29.50 | -51.47 | - 119.19 |
Profitability | |||||
EBIT-% | 3.4 % | 4.0 % | 2.5 % | 2.4 % | 3.8 % |
ROA | 15.6 % | 20.0 % | 11.4 % | 12.2 % | 20.1 % |
ROE | 36.8 % | 48.1 % | 28.8 % | 30.9 % | 40.8 % |
ROI | 48.5 % | 63.2 % | 31.1 % | 33.9 % | 51.9 % |
Economic value added (EVA) | 26.09 | 40.92 | 21.86 | 28.67 | 51.29 |
Solvency | |||||
Equity ratio | 30.9 % | 32.0 % | 29.2 % | 31.5 % | 46.0 % |
Gearing | 0.1 % | 38.6 % | 0.0 % | ||
Relative net indebtedness % | 10.9 % | 14.0 % | 16.3 % | 12.5 % | 3.4 % |
Liquidity | |||||
Quick ratio | 1.3 | 1.2 | 0.9 | 1.3 | 1.8 |
Current ratio | 1.5 | 1.5 | 1.4 | 1.5 | 2.0 |
Cash and cash equivalents | 54.83 | 11.78 | 5.53 | 51.47 | 119.19 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 47.6 | 50.1 | 47.1 | 55.5 | 33.0 |
Net working capital % | 7.7 % | 7.5 % | 6.9 % | 7.3 % | 8.9 % |
Credit risk | |||||
Credit rating | A | BBB | A | BBB | A |
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