KORNERUP EJENDOMME A/S — Credit Rating and Financial Key Figures

CVR number: 21936510
Paul Bergsøes Vej 18, 2600 Glostrup
eka@einarkornerup.dk
tel: 43265600

Credit rating

Company information

Official name
KORNERUP EJENDOMME A/S
Personnel
14 persons
Established
1976
Company form
Limited company
Industry

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 financials

Net sales (mDKK)

EBIT (mDKK)

Profitability

Solidity

Key figures (mDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales60.0063.1767.2763.8772.15
Gross profit37.6844.7148.8343.7449.38
EBIT45.2747.72109.5836.6447.60
Net earnings28.5130.6178.9122.2623.61
Shareholders equity total308.71337.38416.46451.72467.22
Balance sheet total (assets)944.531 037.301 160.761 325.081 357.32
Net debt510.25572.59606.72759.54779.90
Profitability
EBIT-%75.4 %75.5 %162.9 %57.4 %66.0 %
ROA5.1 %4.9 %10.0 %3.0 %4.0 %
ROE9.1 %9.5 %20.9 %5.1 %5.1 %
ROI5.3 %5.0 %10.3 %3.1 %4.1 %
Economic value added (EVA)-2.10-0.1641.83-20.52-15.28
Solvency
Equity ratio32.7 %32.5 %35.9 %34.1 %34.4 %
Gearing184.4 %183.1 %146.3 %168.3 %167.9 %
Relative net indebtedness %911.8 %985.4 %1030.9 %1287.5 %1154.0 %
Liquidity
Quick ratio1.82.31.91.45.1
Current ratio1.82.31.91.45.1
Cash and cash equivalents58.9145.192.640.564.44
Capital use efficiency
Trade debtors turnover (days)0.95.40.81.90.5
Net working capital %128.9 %138.8 %87.1 %89.3 %218.3 %
Credit risk
Credit ratingAAAAAAAAAAAAAAA

Variable visualization

ROA:4.04%
Rating: 40/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:34.4%
Rating: 29/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Chief executive officer
Board member

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