Credit rating
Company information
About INNOWARE ApS
INNOWARE ApS (CVR number: 26118980) is a company from SYDDJURS. The company reported a net sales of 0.3 mDKK in 2023. The operating profit percentage was at 30.3 % (EBIT: 0.1 mDKK), while net earnings were 75.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 11.8 %, which can be considered good and Return on Equity (ROE) was 13.4 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 79.8 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. INNOWARE ApS's liquidity measured by quick ratio was 1.3 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 266.88 | ||||
Gross profit | 611.33 | 681.86 | 105.50 | -21.15 | 234.93 |
EBIT | 56.33 | 38.48 | -53.16 | -5.11 | 80.81 |
Net earnings | 51.05 | 36.99 | -49.97 | -4.20 | 75.63 |
Shareholders equity total | 842.99 | 879.98 | 630.01 | 525.81 | 601.45 |
Balance sheet total (assets) | 998.31 | 1 135.96 | 686.53 | 617.84 | 753.51 |
Net debt | - 179.19 | - 208.83 | -14.43 | 37.07 | -64.97 |
Profitability | |||||
EBIT-% | 30.3 % | ||||
ROA | 5.6 % | 4.0 % | -5.0 % | -0.3 % | 11.8 % |
ROE | 6.2 % | 4.3 % | -6.6 % | -0.7 % | 13.4 % |
ROI | 6.7 % | 4.9 % | -6.1 % | -0.4 % | 13.4 % |
Economic value added (EVA) | 30.59 | 5.12 | -86.89 | -36.05 | 54.91 |
Solvency | |||||
Equity ratio | 84.4 % | 77.5 % | 91.8 % | 85.1 % | 79.8 % |
Gearing | 9.0 % | 6.1 % | |||
Relative net indebtedness % | 18.8 % | ||||
Liquidity | |||||
Quick ratio | 2.5 | 2.2 | 2.1 | 0.6 | 1.3 |
Current ratio | 2.5 | 2.2 | 2.1 | 0.6 | 1.3 |
Cash and cash equivalents | 179.19 | 208.83 | 14.43 | 10.42 | 101.92 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 122.4 | ||||
Net working capital % | 14.8 % | ||||
Credit risk | |||||
Credit rating | BBB | BBB | BB | BB | BB |
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