CODAN Companies ApS — Credit Rating and Financial Key Figures

CVR number: 49762828
Lykkebækvej 22, 4600 Køge

Company information

Official name
CODAN Companies ApS
Personnel
13 persons
Established
1974
Company form
Private limited company
Industry

About CODAN Companies ApS

CODAN Companies ApS (CVR number: 49762828) is a company from KØGE. The company reported a net sales of 37.6 mDKK in 2023, demonstrating a growth of 7 % compared to the previous year. The operating profit percentage was poor at -8 % (EBIT: -3 mDKK), while net earnings were 122.3 mDKK. The profitability of the company measured by Return on Assets (ROA) was 11.3 %, which can be considered good and Return on Equity (ROE) was 10.6 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 99.2 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. CODAN Companies ApS's liquidity measured by quick ratio was 71.2 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

Net sales (mDKK)

EBIT (mDKK)

Profitability

Solidity

Key figures (mDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales21.3922.6922.3235.1337.60
Gross profit14.6317.3911.8227.8419.86
EBIT-3.313.10-8.534.93-3.01
Net earnings158.894.38151.84-17.33122.29
Shareholders equity total951.41955.791 107.631 090.301 212.59
Balance sheet total (assets)967.76978.861 130.811 132.551 222.16
Net debt- 480.51- 278.76- 516.72- 384.26- 614.17
Profitability
EBIT-%-15.5 %13.6 %-38.2 %14.0 %-8.0 %
ROA18.1 %1.4 %15.6 %4.8 %11.3 %
ROE18.2 %0.5 %14.7 %-1.6 %10.6 %
ROI18.6 %1.4 %15.9 %4.9 %11.4 %
Economic value added (EVA)-4.93-2.17-21.67-6.13-11.23
Solvency
Equity ratio98.3 %97.6 %98.0 %96.3 %99.2 %
Gearing0.1 %2.5 %0.3 %
Relative net indebtedness %-2170.1 %-1126.6 %-2216.0 %-1052.6 %-1617.6 %
Liquidity
Quick ratio34.723.027.311.771.2
Current ratio34.723.027.311.771.2
Cash and cash equivalents480.51278.76517.72412.05617.79
Capital use efficiency
Trade debtors turnover (days)0.0
Net working capital %2570.9 %1236.1 %742.3 %235.6 %644.6 %
Credit risk
Credit ratingAAAAAAAAAA

Variable visualization

ROA:11.3%
Rating: 60/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:99.2%
Rating: 88/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer
Chief executive officer
Chief executive officer

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