KURTZ-HOLDING ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About KURTZ-HOLDING ApS
KURTZ-HOLDING ApS (CVR number: 30544285) is a company from LANGELAND. The company recorded a gross profit of -11.7 kDKK in 2023. The operating profit was -11.7 kDKK, while net earnings were -41.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 1.1 %, which can be considered weak but Return on Equity (ROE) was -0.6 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 99.6 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. KURTZ-HOLDING ApS's liquidity measured by quick ratio was 243.1 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 (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 594.00 | 979.00 | 1 224.42 | ||
Gross profit | 559.00 | 951.00 | 1 197.83 | 1 730.47 | -11.69 |
EBIT | 559.00 | 951.00 | 1 197.83 | 1 730.47 | -11.69 |
Net earnings | 590.00 | 1 056.00 | 1 219.62 | 1 694.50 | -41.58 |
Shareholders equity total | 3 908.00 | 4 856.00 | 5 425.65 | 6 669.15 | 6 277.56 |
Balance sheet total (assets) | 4 218.00 | 4 928.00 | 5 558.30 | 6 695.08 | 6 303.49 |
Net debt | - 621.00 | - 589.00 | -2 328.29 | -3 216.74 | -6 298.38 |
Profitability | |||||
EBIT-% | 94.1 % | 97.1 % | 97.8 % | ||
ROA | 13.4 % | 23.6 % | 23.7 % | 29.1 % | 1.1 % |
ROE | 12.8 % | 24.1 % | 23.7 % | 28.0 % | -0.6 % |
ROI | 13.9 % | 24.6 % | 24.1 % | 29.5 % | 1.1 % |
Economic value added (EVA) | 733.44 | 1 127.62 | 1 284.73 | 1 848.81 | 13.14 |
Solvency | |||||
Equity ratio | 92.7 % | 98.5 % | 97.6 % | 99.6 % | 99.6 % |
Gearing | 0.5 % | 0.1 % | |||
Relative net indebtedness % | -52.4 % | -55.2 % | -179.6 % | ||
Liquidity | |||||
Quick ratio | 2.0 | 13.2 | 17.6 | 162.8 | 243.1 |
Current ratio | 2.0 | 13.2 | 17.6 | 162.8 | 243.1 |
Cash and cash equivalents | 621.00 | 612.00 | 2 331.97 | 3 216.74 | 6 298.38 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | 37.4 % | 69.1 % | 152.1 % | ||
Credit risk | |||||
Credit rating | A | A | A | A | BB |
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