KURT KORSHOLM HOLDING ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About KURT KORSHOLM HOLDING ApS
KURT KORSHOLM HOLDING ApS (CVR number: 31894204) is a company from ODENSE. The company reported a net sales of 0.5 mDKK in 2023, demonstrating a growth of 26.9 % compared to the previous year. The operating profit percentage was at 97.7 % (EBIT: 0.5 mDKK), while net earnings were 487.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 18.9 %, which can be considered excellent and Return on Equity (ROE) was 24.5 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 76.8 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. KURT KORSHOLM HOLDING ApS's liquidity measured by quick ratio was 1.9 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 (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 138.04 | 388.53 | 593.43 | 388.51 | 492.83 |
Gross profit | 132.84 | 382.52 | 585.68 | 380.38 | 481.30 |
EBIT | 132.84 | 382.52 | 585.68 | 380.38 | 481.30 |
Net earnings | 132.51 | 384.60 | 586.02 | 386.63 | 487.62 |
Shareholders equity total | 789.74 | 1 063.74 | 1 536.76 | 1 808.99 | 2 178.81 |
Balance sheet total (assets) | 1 172.51 | 1 682.09 | 2 250.64 | 2 399.68 | 2 837.91 |
Net debt | -11.40 | -13.48 | 75.50 | -4.82 | -4.71 |
Profitability | |||||
EBIT-% | 96.2 % | 98.5 % | 98.7 % | 97.9 % | 97.7 % |
ROA | 12.1 % | 27.4 % | 30.0 % | 16.9 % | 18.9 % |
ROE | 17.0 % | 41.5 % | 45.1 % | 23.1 % | 24.5 % |
ROI | 12.1 % | 30.0 % | 33.4 % | 17.8 % | 19.3 % |
Economic value added (EVA) | 144.42 | 396.05 | 614.08 | 417.76 | 468.20 |
Solvency | |||||
Equity ratio | 67.4 % | 63.2 % | 68.3 % | 75.4 % | 76.8 % |
Gearing | 5.2 % | ||||
Relative net indebtedness % | 269.0 % | 155.7 % | 119.5 % | 150.8 % | 132.8 % |
Liquidity | |||||
Quick ratio | 3.2 | 1.1 | 0.7 | 1.6 | 1.9 |
Current ratio | 3.2 | 1.1 | 0.7 | 1.6 | 1.9 |
Cash and cash equivalents | 11.40 | 13.48 | 4.63 | 4.82 | 4.71 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | 14.3 % | 3.9 % | -13.0 % | 10.1 % | 12.3 % |
Credit risk | |||||
Credit rating | BBB | BBB | A | A | A |
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