Connect2Cloud ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Connect2Cloud ApS
Connect2Cloud ApS (CVR number: 27117562) is a company from STEVNS. The company recorded a gross profit of 211.1 kDKK in 2024. The operating profit was -15.4 kDKK, while net earnings were 39.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 6.2 %, which can be considered decent but Return on Equity (ROE) was 10.2 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 35.3 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. Connect2Cloud ApS's liquidity measured by quick ratio was 1.5 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 financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 3 157.87 | 1 657.23 | 34.33 | 31.35 | 211.14 |
EBIT | 1 758.34 | 216.06 | 2.59 | -43.49 | -15.43 |
Net earnings | 1 371.15 | 263.19 | - 207.73 | 39.56 | 39.46 |
Shareholders equity total | 2 021.30 | 1 184.49 | 611.77 | 551.33 | 220.79 |
Balance sheet total (assets) | 2 718.33 | 1 471.87 | 694.69 | 670.47 | 624.70 |
Net debt | -2 210.85 | -1 350.25 | - 682.95 | - 603.06 | - 555.84 |
Profitability | |||||
EBIT-% | |||||
ROA | 68.2 % | 15.4 % | 0.2 % | 5.9 % | 6.2 % |
ROE | 72.7 % | 16.4 % | -23.1 % | 6.8 % | 10.2 % |
ROI | 90.7 % | 20.0 % | 0.3 % | 6.8 % | 10.3 % |
Economic value added (EVA) | 1 382.45 | 192.86 | 11.22 | -39.59 | -12.49 |
Solvency | |||||
Equity ratio | 74.4 % | 80.5 % | 88.1 % | 82.2 % | 35.3 % |
Gearing | 0.8 % | 0.5 % | 1.0 % | 1.2 % | 3.0 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 3.9 | 5.1 | 8.4 | 5.6 | 1.5 |
Current ratio | 3.9 | 5.1 | 8.4 | 5.6 | 1.5 |
Cash and cash equivalents | 2 226.43 | 1 356.29 | 689.23 | 609.78 | 562.47 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | BBB | BB | BB | BB |
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