KORNAKSEN A/S — Credit Rating and Financial Key Figures

CVR number: 35400842
Store Regnegade 17, 1110 København K
tel: 70200235

Company information

Official name
KORNAKSEN A/S
Established
2013
Company form
Limited company
Industry

About KORNAKSEN A/S

KORNAKSEN A/S (CVR number: 35400842) is a company from KØBENHAVN. The company recorded a gross profit of 923.3 kDKK in 2021. The operating profit was 923.3 kDKK, while net earnings were 679.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 37.7 %, which can be considered excellent and Return on Equity (ROE) was 75.5 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 54.4 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. KORNAKSEN A/S's liquidity measured by quick ratio was 2.7 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2017
2018
2019
2020
2021
Volume
Net sales
Gross profit5 385.30- 212.623 546.21-5.12923.27
EBIT5 170.48- 212.623 546.21-5.12923.27
Net earnings3 034.23- 219.022 742.62-40.86679.27
Shareholders equity total3 576.82357.803 100.42559.571 238.84
Balance sheet total (assets)11 725.646 293.195 273.962 619.052 278.96
Net debt-9 866.58-5 003.08-4 924.35-1 505.78-1 371.47
Profitability
EBIT-%
ROA8.4 %-2.4 %61.3 %-0.1 %37.7 %
ROE12.6 %-11.1 %158.6 %-2.2 %75.5 %
ROI15.0 %-5.0 %105.2 %-0.1 %37.9 %
Economic value added (EVA)5 653.65230.853 048.3988.07809.12
Solvency
Equity ratio30.5 %5.7 %58.8 %21.4 %54.4 %
Gearing45.0 %272.0 %0.3 %145.7 %66.6 %
Relative net indebtedness %
Liquidity
Quick ratio1.61.36.03.22.7
Current ratio1.61.36.03.22.7
Cash and cash equivalents11 474.685 976.474 933.352 321.242 196.70
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBB

Variable visualization

ROA:37.7%
Rating: 88/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:54.4%
Rating: 43/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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