Credit rating
Company information
About COWIFONDEN
COWIFONDEN (CVR number: 50497828) is a company from LYNGBY-TAARBÆK. The company recorded a gross profit of -1383.1 kDKK in 2023. The operating profit was 105.6 mDKK, while net earnings were 97.8 mDKK. The profitability of the company measured by Return on Assets (ROA) was 45.9 %, which can be considered excellent and Return on Equity (ROE) was 22 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 92 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. COWIFONDEN's liquidity measured by quick ratio was 10.5 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | -1 146.32 | -1 383.13 | |||
EBIT | 2 501.77 | 105 602.46 | |||
Net earnings | 92 375.00 | 93 679.00 | 70 647.00 | -2 192.29 | 97 768.24 |
Shareholders equity total | 282 432.00 | 365 977.00 | 424 993.00 | 404 063.79 | 484 512.50 |
Balance sheet total (assets) | 317 514.00 | 398 417.00 | 459 000.00 | 444 379.62 | 526 514.68 |
Net debt | - 355 047.92 | - 438 477.47 | |||
Profitability | |||||
EBIT-% | |||||
ROA | 17.5 % | 45.9 % | |||
ROE | 38.0 % | 28.9 % | 17.9 % | -0.5 % | 22.0 % |
ROI | 18.3 % | 50.1 % | |||
Economic value added (EVA) | -10 206.63 | -14 192.21 | -18 390.34 | -18 839.38 | 101 071.18 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 90.9 % | 92.0 % |
Gearing | |||||
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 8.9 | 10.5 | |||
Current ratio | 8.9 | 10.5 | |||
Cash and cash equivalents | 355 047.92 | 438 477.47 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BB | BB | BB | BBB | BBB |
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