WORLD WIDE INNOVATION ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About WORLD WIDE INNOVATION ApS
WORLD WIDE INNOVATION ApS (CVR number: 29224382) is a company from HERNING. The company recorded a gross profit of -167.4 kDKK in 2023. The operating profit was -311.4 kDKK, while net earnings were 1901.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 7 %, which can be considered decent and Return on Equity (ROE) was 5.9 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 88.8 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. WORLD WIDE INNOVATION ApS's liquidity measured by quick ratio was 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 financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 6 179.67 | 5 956.00 | 29 406.51 | ||
Gross profit | 6 130.25 | 6 276.93 | 29 341.88 | -98.56 | - 167.36 |
EBIT | 6 130.25 | 6 276.93 | 29 341.88 | - 242.56 | - 311.36 |
Net earnings | 6 194.10 | 6 568.38 | 31 701.21 | - 117.76 | 1 901.60 |
Shareholders equity total | 6 094.49 | 10 662.87 | 39 864.08 | 32 246.32 | 32 647.92 |
Balance sheet total (assets) | 6 099.28 | 10 928.88 | 40 486.68 | 35 847.87 | 36 751.35 |
Net debt | -5 872.95 | -10 703.87 | -11 614.45 | -29 281.64 | -33 169.41 |
Profitability | |||||
EBIT-% | 99.2 % | 105.4 % | 99.8 % | ||
ROA | 142.2 % | 79.6 % | 126.0 % | 3.4 % | 7.0 % |
ROE | 142.5 % | 78.4 % | 125.5 % | -0.3 % | 5.9 % |
ROI | 143.3 % | 80.9 % | 128.2 % | 3.4 % | 7.1 % |
Economic value added (EVA) | 6 030.80 | 6 116.27 | 28 766.87 | -1 708.60 | - 468.70 |
Solvency | |||||
Equity ratio | 99.9 % | 97.6 % | 98.5 % | 90.0 % | 88.8 % |
Gearing | 10.7 % | 10.8 % | |||
Relative net indebtedness % | -95.0 % | -175.2 % | -37.4 % | ||
Liquidity | |||||
Quick ratio | 1 225.9 | 40.2 | 65.0 | 9.3 | 9.0 |
Current ratio | 1 225.9 | 40.2 | 65.0 | 9.9 | 9.0 |
Cash and cash equivalents | 5 872.95 | 10 703.87 | 11 614.45 | 32 735.90 | 36 683.86 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | 93.6 % | 107.8 % | 105.2 % | ||
Credit risk | |||||
Credit rating | BB | BBB | BBB | BBB | BBB |
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