CornerNordic ApS — Credit Rating and Financial Key Figures

CVR number: 39797771
Søndre Fasanvej 90, 2500 Valby

Company information

Official name
CornerNordic ApS
Established
2018
Company form
Private limited company
Industry

About CornerNordic ApS

CornerNordic ApS (CVR number: 39797771) is a company from KØBENHAVN. The company reported a net sales of 0.1 mDKK in 2020, demonstrating a growth of 2215.2 % compared to the previous year. The operating profit percentage was at 18.1 % (EBIT: 0 mDKK), while net earnings were 15.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 27.3 %, which can be considered excellent and Return on Equity (ROE) was 38.6 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 88.1 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. CornerNordic ApS's liquidity measured by quick ratio was 8.4 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
Volume
Net sales4.3299.90
Gross profit-17.9118.11
EBIT-17.9118.11
Net earnings-17.9615.31
Shareholders equity total32.0447.35
Balance sheet total (assets)79.0153.75
Net debt44.19-50.35
Profitability
EBIT-%-415.1 %18.1 %
ROA-22.7 %27.3 %
ROE-56.0 %38.6 %
ROI-23.2 %28.3 %
Economic value added (EVA)-17.9116.56
Solvency
Equity ratio40.6 %88.1 %
Gearing141.3 %7.2 %
Relative net indebtedness %1063.0 %-47.4 %
Liquidity
Quick ratio0.08.4
Current ratio1.78.4
Cash and cash equivalents1.1053.75
Capital use efficiency
Trade debtors turnover (days)76.0
Net working capital %742.6 %47.4 %
Credit risk
Credit ratingBBB

Variable visualization

ROA:27.3%
Rating: 82/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:88.1%
Rating: 68/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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