KRING A/S — Credit Rating and Financial Key Figures

CVR number: 29921571
Ragnagade 7, 2100 København Ø
tel: 70260755

Company information

Official name
KRING A/S
Personnel
15 persons
Established
2006
Company form
Limited company
Industry

About KRING A/S

KRING A/S (CVR number: 29921571) is a company from KØBENHAVN. The company recorded a gross profit of 13.6 mDKK in 2024. The operating profit was 1315.9 kDKK, while net earnings were 1195.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 18.2 %, which can be considered excellent and Return on Equity (ROE) was 22.6 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at -31.5 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. KRING A/S's liquidity measured by quick ratio was 1.8 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
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit6 383.008 545.004 329.008 546.0813 604.29
EBIT875.00-1 345.00- 712.00-1 344.621 315.93
Net earnings1 003.00-1 548.00-1 022.00-1 547.881 195.94
Shareholders equity total1 123.00-3 282.00-1 735.00-3 282.15-2 086.20
Balance sheet total (assets)3 980.006 034.004 528.006 033.604 531.62
Net debt-2 234.004 460.001 459.004 460.044 141.07
Profitability
EBIT-%
ROA30.6 %-19.6 %-9.1 %-16.7 %18.2 %
ROE161.3 %-43.3 %-19.4 %-29.3 %22.6 %
ROI89.2 %-33.3 %-16.9 %-30.9 %27.7 %
Economic value added (EVA)992.24-1 483.81- 987.32-1 453.211 172.78
Solvency
Equity ratio28.2 %-35.2 %-27.7 %-35.2 %-31.5 %
Gearing2.3 %-186.8 %-131.8 %-186.8 %-206.5 %
Relative net indebtedness %
Liquidity
Quick ratio1.51.81.21.81.8
Current ratio1.51.81.21.81.8
Cash and cash equivalents2 260.001 671.00827.001 670.82166.02
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBB

Variable visualization

ROA:18.2%
Rating: 71/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:-31.5%
Rating: 0/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Board member

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