GLOBUS MEDICAL DENMARK ApS — Credit Rating and Financial Key Figures

CVR number: 33597037
Axeltorv 2, 1609 København V

Credit rating

Company information

Official name
GLOBUS MEDICAL DENMARK ApS
Personnel
1 person
Established
2011
Company form
Private limited company
Industry
  • Expand more icon46Wholesale trade, except of motor vehicles and motorcycles

About GLOBUS MEDICAL DENMARK ApS

GLOBUS MEDICAL DENMARK ApS (CVR number: 33597037) is a company from KØBENHAVN. The company recorded a gross profit of 1406.6 kDKK in 2023. The operating profit was 323.4 kDKK, while net earnings were 243.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 8.9 %, which can be considered good but Return on Equity (ROE) was 23.3 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 25.8 %, 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. GLOBUS MEDICAL DENMARK 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
20192020202120222023
Volume
Net sales
Gross profit752.001 740.00920.001 302.001 406.61
EBIT51.00576.0049.00183.00323.39
Net earnings73.00434.0019.00141.00243.72
Shareholders equity total331.00765.00785.00926.001 169.31
Balance sheet total (assets)2 513.002 412.002 025.002 766.004 524.52
Net debt-1 028.00-1 377.00- 612.00- 821.00-2 296.73
Profitability
EBIT-%
ROA4.3 %23.4 %2.2 %7.6 %8.9 %
ROE24.8 %79.2 %2.5 %16.5 %23.3 %
ROI10.2 %52.2 %3.4 %10.9 %14.5 %
Economic value added (EVA)95.76508.2089.18170.60292.25
Solvency
Equity ratio13.2 %31.7 %38.8 %33.5 %25.8 %
Gearing151.4 %65.5 %93.1 %98.7 %124.8 %
Relative net indebtedness %
Liquidity
Quick ratio1.21.51.61.51.3
Current ratio1.21.51.61.51.3
Cash and cash equivalents1 529.001 878.001 343.001 735.003 755.94
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:8.87%
Rating: 54/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:25.8%
Rating: 23/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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