CHANGEGROUP HOLDING A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About CHANGEGROUP HOLDING A/S
CHANGEGROUP HOLDING A/S (CVR number: 30565096K) is a company from KØBENHAVN. The company reported a net sales of 246.9 mDKK in 2024, demonstrating a growth of 14.8 % compared to the previous year. The operating profit percentage was at 87.1 % (EBIT: 215.1 mDKK), while net earnings were 10.1 mDKK. The profitability of the company measured by Return on Assets (ROA) was 339.2 %, which can be considered excellent and Return on Equity (ROE) was 60.2 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 25 %, 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. CHANGEGROUP HOLDING A/S'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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2022 | 2023 | 2024 | |
|---|---|---|---|
| Volume | |||
| Net sales | 194.76 | 215.11 | 246.89 |
| Gross profit | 30.97 | 209.20 | 238.76 |
| EBIT | 12.62 | 188.09 | 215.11 |
| Net earnings | 9.69 | 9.42 | 10.11 |
| Shareholders equity total | 15.56 | 16.21 | 17.35 |
| Balance sheet total (assets) | 60.04 | 57.41 | 69.44 |
| Net debt | -15.03 | -9.43 | -24.67 |
| Profitability | |||
| EBIT-% | 6.5 % | 87.4 % | 87.1 % |
| ROA | 21.0 % | 320.4 % | 339.2 % |
| ROE | 62.3 % | 59.3 % | 60.2 % |
| ROI | 80.4 % | 1170.5 % | 1267.0 % |
| Economic value added (EVA) | 9.76 | 144.47 | 164.93 |
| Solvency | |||
| Equity ratio | 25.9 % | 28.2 % | 25.0 % |
| Gearing | 0.8 % | 0.7 % | |
| Relative net indebtedness % | 15.0 % | 14.7 % | 11.0 % |
| Liquidity | |||
| Quick ratio | 1.4 | 1.4 | 1.3 |
| Current ratio | 1.4 | 1.4 | 1.3 |
| Cash and cash equivalents | 15.16 | 9.55 | 24.67 |
| Capital use efficiency | |||
| Trade debtors turnover (days) | 82.0 | 78.6 | 64.1 |
| Net working capital % | 8.4 % | 7.8 % | 7.1 % |
| Credit risk | |||
| Credit rating | A | BBB | BBB |
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