EINAR KORNERUP A/S
Credit rating
Company information
About the company
EINAR KORNERUP A/S (CVR number: 79095311) is a company from GLOSTRUP. The company reported a net sales of 576.4 mDKK in 2023, demonstrating a decline of -24.8 % compared to the previous year. The operating profit percentage was at 7.1 % (EBIT: 41 mDKK), while net earnings were 39.4 mDKK. The profitability of the company measured by Return on Assets (ROA) was 15 %, which can be considered excellent and Return on Equity (ROE) was 34.8 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 35.2 %, 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. EINAR KORNERUP A/S's liquidity measured by quick ratio was 1.7 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 | 652.00 | 690.00 | 723.00 | 766.07 | 576.43 |
Gross profit | 652.00 | 690.00 | 723.00 | 73.33 | 96.49 |
EBIT | 17.00 | 19.00 | 20.00 | 21.90 | 41.05 |
Net earnings | 14.00 | 16.00 | 17.00 | 17.91 | 39.39 |
Shareholders equity total | 90.00 | 94.00 | 98.00 | 101.28 | 125.07 |
Balance sheet total (assets) | 319.00 | 282.00 | 331.00 | 321.70 | 355.71 |
Net debt | -4.19 | -1.62 | |||
Profitability | |||||
EBIT-% | 2.6 % | 2.8 % | 2.8 % | 2.9 % | 7.1 % |
ROA | 5.1 % | 6.3 % | 6.5 % | 7.1 % | 15.0 % |
ROE | 16.9 % | 17.4 % | 17.7 % | 18.0 % | 34.8 % |
ROI | 7.6 % | 6.3 % | 6.5 % | 9.9 % | 35.7 % |
Economic value added (EVA) | 13.17 | 14.48 | 15.28 | 12.12 | 27.12 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 31.5 % | 35.2 % |
Gearing | |||||
Relative net indebtedness % | 23.6 % | 35.7 % | |||
Liquidity | |||||
Quick ratio | 1.7 | 1.7 | |||
Current ratio | 1.7 | 1.7 | |||
Cash and cash equivalents | 4.19 | 1.62 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 73.0 | 95.9 | |||
Net working capital % | 17.8 % | 25.7 % | |||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BB | BBB |
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