CANNOISE MODERN ELECTRIC : revenue, balance sheet and financial ratios

CANNOISE MODERN ELECTRIC is a French company founded 48 years ago, specialized in the sector Travaux d'installation électrique dans tous locaux. Based in MOUGINS (06250), this company of category PME shows in 2020 a revenue of 3.1 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-05-02

Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy

Financial history - CANNOISE MODERN ELECTRIC (SIREN 314468083)
Indicator 2023 2020 2019 2018
Revenue N/C 3 128 079 € 3 662 277 € 4 062 503 €
Net income -40 379 € 67 067 € 44 781 € 104 029 €
EBITDA N/C 254 264 € -26 115 € 65 001 €
Net margin N/C 2.1% 1.2% 2.6%

Revenue and income statement

In 2023, CANNOISE MODERN ELECTRIC records a net loss of 40 k€. This deficit will reduce equity on the balance sheet.

Net income (2023) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

-40 379 €

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Assets

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Liabilities

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Solvency and debt ratios

The debt ratio (= Financial debt / Equity x 100) stands at 49%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 35%. The balance between equity and debt is satisfactory.

Debt ratio (2023) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

49.098%

Financial autonomy (2023) ?
Financial autonomy
Definition
Share of equity in the company's total financing.
Formula
(Equity / Total assets) x 100
Interpretation
> 30% : Good autonomy
20-30% : Average
< 20% : Low

35.364%

Asset age ratio (2023) ?
Asset age ratio
Definition
Measures the degree of wear of tangible assets.
Formula
Accumulated depreciation / Gross fixed assets x 100
Interpretation
< 50% : Recent assets
50-70% : Normal wear
> 70% : Aging assets

34.9%

Solvency indicators evolution
CANNOISE MODERN ELECTRIC

Sector positioning

Debt ratio
49.1 2023
2019
2020
2023
Q1: 0.75
Med: 15.34
Q3: 51.58
Average +23 pts over 3 years

In 2023, the debt ratio of CANNOISE MODERN ELECTRIC (49.10) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.

Financial autonomy
35.36% 2023
2019
2020
2023
Q1: 11.18%
Med: 33.93%
Q3: 55.23%
Good -15 pts over 3 years

In 2023, the financial autonomy of CANNOISE MODERN ELECTRIC (35.4%) ranks above the median of the sector. This ratio represents the share of equity in total financing. This comfortable position offers an appreciable safety margin.

Repayment capacity
7.39 years 2020
2019
2020
Q1: 0.0 years
Med: 0.03 years
Q3: 1.39 years
Watch +50 pts over 2 years

In 2020, the repayment capacity of CANNOISE MODERN ELECTRIC (7.39) ranks in the top 25% of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A long duration may signal heavy debt relative to repayment capacity.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 185.00. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2023) ?
Liquidity ratio
Definition
Ability to meet short-term debts with current assets.
Formula
Current assets / Current liabilities
Interpretation
> 1.5 : Very good
1-1.5 : Fair
< 1 : Liquidity risk

184.997

Liquidity indicators evolution
CANNOISE MODERN ELECTRIC

Sector positioning

Liquidity ratio
185.0 2023
2019
2020
2023
Q1: 153.33
Med: 216.28
Q3: 323.4
Average -12 pts over 3 years

In 2023, the liquidity ratio of CANNOISE MODERN ELECTRIC (185.00) ranks below the median of the sector. This ratio measures the ability to cover short-term debt with current assets. An improvement would strengthen the competitive position.

Interest coverage
1.02x 2020
2019
2020
Q1: 0.0x
Med: 0.0x
Q3: 1.29x
Good +45 pts over 2 years

In 2020, the interest coverage of CANNOISE MODERN ELECTRIC (1.0x) ranks above the median of the sector. This ratio indicates how many times operating income covers interest expenses. This comfortable position offers an appreciable safety margin.

Working capital requirement (WCR) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments.

Operating WCR (2023) ?
Operating WCR
Definition
Financing requirement generated by the operating cycle (inventory + receivables - trade payables).
Formula
Inventory + Customer receivables - Trade payables
Interpretation
Negative = cash released
Positive = financing needed

0 €

Customer credit (2023) ?
Customer credit (days)
Definition
Average payment term granted to customers.
Formula
(Customer receivables / Revenue incl. VAT) x 360
Interpretation
< 45j : Good
45-60j : Average
> 60j : Long

0 j

Supplier credit (2023) ?
Supplier credit (days)
Definition
Average payment term obtained from suppliers.
Formula
(Trade payables / Purchases incl. VAT) x 360
Interpretation
The longer the term, the better for cash flow

0 j

Inventory turnover (2023) ?
Inventory turnover (days)
Definition
Average storage duration for goods or materials.
Formula
(Inventory / Cost of goods) x 360
Interpretation
The lower the ratio, the faster the turnover

0 j

WCR and payment terms evolution
CANNOISE MODERN ELECTRIC

Positioning of CANNOISE MODERN ELECTRIC in its sector

Comparison with sector Travaux d'installation électrique dans tous locaux

Similar companies (Travaux d'installation électrique dans tous locaux)

Compare CANNOISE MODERN ELECTRIC with other companies in the same sector:

Voir toutes les statistiques du secteur Travaux d'installation électrique dans tous locaux

Frequently asked questions about CANNOISE MODERN ELECTRIC

What is the revenue of CANNOISE MODERN ELECTRIC ?

The revenue of CANNOISE MODERN ELECTRIC in 2020 is 3.1 M€.

Is CANNOISE MODERN ELECTRIC profitable?

CANNOISE MODERN ELECTRIC recorded a net loss in 2023.

Where is the headquarters of CANNOISE MODERN ELECTRIC ?

The headquarters of CANNOISE MODERN ELECTRIC is located in MOUGINS (06250), in the department Alpes-Maritimes.

Where to find the tax return of CANNOISE MODERN ELECTRIC ?

The tax return of CANNOISE MODERN ELECTRIC is available on this page. Click on a year in the 'Data by year' section to view the account details (assets, liabilities, income statement). Data comes from INPI (National Institute of Industrial Property).

In which sector does CANNOISE MODERN ELECTRIC operate?

CANNOISE MODERN ELECTRIC operates in the sector Travaux d'installation électrique dans tous locaux (NAF code 43.21A). See the 'Sector positioning' section above to compare the company with its competitors.