WORLD WIDE INNOVATION ApS — Credit Rating and Financial Key Figures

CVR number: 29224382
Knudmoseparken 13, Lind 7400 Herning
tel: 22652175

Credit rating

Company information

Official name
WORLD WIDE INNOVATION ApS
Established
2006
Domicile
Lind
Company form
Private limited company
Industry

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 financials

Net sales (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales6 179.675 956.0029 406.51
Gross profit6 130.256 276.9329 341.88-98.56- 167.36
EBIT6 130.256 276.9329 341.88- 242.56- 311.36
Net earnings6 194.106 568.3831 701.21- 117.761 901.60
Shareholders equity total6 094.4910 662.8739 864.0832 246.3232 647.92
Balance sheet total (assets)6 099.2810 928.8840 486.6835 847.8736 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 %
ROA142.2 %79.6 %126.0 %3.4 %7.0 %
ROE142.5 %78.4 %125.5 %-0.3 %5.9 %
ROI143.3 %80.9 %128.2 %3.4 %7.1 %
Economic value added (EVA)6 030.806 116.2728 766.87-1 708.60- 468.70
Solvency
Equity ratio99.9 %97.6 %98.5 %90.0 %88.8 %
Gearing10.7 %10.8 %
Relative net indebtedness %-95.0 %-175.2 %-37.4 %
Liquidity
Quick ratio1 225.940.265.09.39.0
Current ratio1 225.940.265.09.99.0
Cash and cash equivalents5 872.9510 703.8711 614.4532 735.9036 683.86
Capital use efficiency
Trade debtors turnover (days)
Net working capital %93.6 %107.8 %105.2 %
Credit risk
Credit ratingBBBBBBBBBBBBBB

Variable visualization

ROA:7.04%
Rating: 49/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:88.8%
Rating: 69/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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