KORNERUP EJENDOMME A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About KORNERUP EJENDOMME A/S
KORNERUP EJENDOMME A/S (CVR number: 21936510) is a company from GLOSTRUP. The company reported a net sales of 72.1 mDKK in 2023, demonstrating a growth of 13 % compared to the previous year. The operating profit percentage was at 66 % (EBIT: 47.6 mDKK), while net earnings were 23.6 mDKK. The profitability of the company measured by Return on Assets (ROA) was 4 %, which can be considered decent and Return on Equity (ROE) was 5.1 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 34.4 %, 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. KORNERUP EJENDOMME A/S's liquidity measured by quick ratio was 5.1 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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 60.00 | 63.17 | 67.27 | 63.87 | 72.15 |
Gross profit | 37.68 | 44.71 | 48.83 | 43.74 | 49.38 |
EBIT | 45.27 | 47.72 | 109.58 | 36.64 | 47.60 |
Net earnings | 28.51 | 30.61 | 78.91 | 22.26 | 23.61 |
Shareholders equity total | 308.71 | 337.38 | 416.46 | 451.72 | 467.22 |
Balance sheet total (assets) | 944.53 | 1 037.30 | 1 160.76 | 1 325.08 | 1 357.32 |
Net debt | 510.25 | 572.59 | 606.72 | 759.54 | 779.90 |
Profitability | |||||
EBIT-% | 75.4 % | 75.5 % | 162.9 % | 57.4 % | 66.0 % |
ROA | 5.1 % | 4.9 % | 10.0 % | 3.0 % | 4.0 % |
ROE | 9.1 % | 9.5 % | 20.9 % | 5.1 % | 5.1 % |
ROI | 5.3 % | 5.0 % | 10.3 % | 3.1 % | 4.1 % |
Economic value added (EVA) | -2.10 | -0.16 | 41.83 | -20.52 | -15.28 |
Solvency | |||||
Equity ratio | 32.7 % | 32.5 % | 35.9 % | 34.1 % | 34.4 % |
Gearing | 184.4 % | 183.1 % | 146.3 % | 168.3 % | 167.9 % |
Relative net indebtedness % | 911.8 % | 985.4 % | 1030.9 % | 1287.5 % | 1154.0 % |
Liquidity | |||||
Quick ratio | 1.8 | 2.3 | 1.9 | 1.4 | 5.1 |
Current ratio | 1.8 | 2.3 | 1.9 | 1.4 | 5.1 |
Cash and cash equivalents | 58.91 | 45.19 | 2.64 | 0.56 | 4.44 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 0.9 | 5.4 | 0.8 | 1.9 | 0.5 |
Net working capital % | 128.9 % | 138.8 % | 87.1 % | 89.3 % | 218.3 % |
Credit risk | |||||
Credit rating | AAA | AAA | AAA | AAA | AAA |
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