CORE SYSTEMS ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About CORE SYSTEMS ApS
CORE SYSTEMS ApS (CVR number: 24227774) is a company from AARHUS. The company recorded a gross profit of -29.4 kDKK in 2019. The operating profit was -29.4 kDKK, while net earnings were -33.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was -15.8 %, which can be considered poor and Return on Equity (ROE) was -50.2 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 27.8 %, 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. CORE SYSTEMS ApS's liquidity measured by quick ratio was 1.4 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 financials2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|
| Volume | ||||
| Net sales | ||||
| Gross profit | -68.90 | -10.68 | -8.33 | -29.45 |
| EBIT | -68.90 | -10.68 | -8.33 | -29.45 |
| Net earnings | -75.66 | -15.66 | -13.28 | -33.83 |
| Shareholders equity total | 113.27 | 97.62 | 84.34 | 50.51 |
| Balance sheet total (assets) | 233.08 | 222.35 | 182.55 | 181.83 |
| Net debt | - 131.17 | - 114.49 | -71.28 | -93.63 |
| Profitability | ||||
| EBIT-% | ||||
| ROA | -29.6 % | -4.7 % | -4.1 % | -15.8 % |
| ROE | -66.8 % | -14.8 % | -14.6 % | -50.2 % |
| ROI | -35.4 % | -5.7 % | -4.7 % | -18.5 % |
| Economic value added (EVA) | -68.90 | -5.69 | -3.23 | -25.67 |
| Solvency | ||||
| Equity ratio | 48.6 % | 43.9 % | 46.2 % | 27.8 % |
| Gearing | 72.0 % | 86.9 % | 104.6 % | 174.6 % |
| Relative net indebtedness % | ||||
| Liquidity | ||||
| Quick ratio | 1.9 | 1.8 | 1.9 | 1.4 |
| Current ratio | 1.9 | 1.8 | 1.9 | 1.4 |
| Cash and cash equivalents | 212.68 | 199.28 | 159.48 | 181.83 |
| Capital use efficiency | ||||
| Trade debtors turnover (days) | ||||
| Net working capital % | ||||
| Credit risk | ||||
| Credit rating | B | B | B | B |
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