ElevateIT A/S — Credit Rating and Financial Key Figures

CVR number: 38991493
Mynstersvej 5, 1827 Frederiksberg C
info@elevateit.dk
tel: 42631300
www.elevateit.dk

Credit rating

Company information

Official name
ElevateIT A/S
Personnel
12 persons
Established
2017
Company form
Limited company
Industry

About ElevateIT A/S

ElevateIT A/S (CVR number: 38991493) is a company from FREDERIKSBERG. The company recorded a gross profit of 9060.3 kDKK in 2023. The operating profit was 1708.9 kDKK, while net earnings were 1481.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 21.3 %, which can be considered excellent and Return on Equity (ROE) was 29.7 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 47.2 %, 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. ElevateIT A/S's liquidity measured by quick ratio was 1.9 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 profit5 882.236 576.407 009.417 462.599 060.27
EBIT2 413.162 993.002 750.541 903.751 708.87
Net earnings1 843.572 383.942 286.431 068.111 481.55
Shareholders equity total3 602.325 386.265 672.694 740.805 222.35
Balance sheet total (assets)6 372.658 472.028 232.687 235.1111 060.52
Net debt-4 218.18-6 653.62-5 146.90-3 870.78-5 344.97
Profitability
EBIT-%
ROA49.6 %42.0 %35.8 %24.6 %21.3 %
ROE65.1 %53.0 %41.3 %20.5 %29.7 %
ROI85.3 %69.4 %54.1 %33.4 %32.6 %
Economic value added (EVA)1 862.562 339.282 184.171 424.731 308.63
Solvency
Equity ratio56.5 %63.6 %68.9 %65.5 %47.2 %
Gearing21.1 %19.1 %
Relative net indebtedness %
Liquidity
Quick ratio2.32.73.22.91.9
Current ratio2.32.73.22.91.9
Cash and cash equivalents4 218.186 653.625 146.904 870.786 344.97
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:21.3%
Rating: 76/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:47.2%
Rating: 38/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer
Board member
Chairman of the board

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