KRING AGRO A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About KRING AGRO A/S
KRING AGRO A/S (CVR number: 37302694) is a company from VEJLE. The company recorded a gross profit of 6044.9 kDKK in 2024. The operating profit was -10.1 mDKK, while net earnings were -8622.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was -20.8 %, which can be considered poor and Return on Equity (ROE) was -37.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 44.5 %, 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. KRING AGRO A/S's liquidity measured by quick ratio was 0.6 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 16 228.82 | 24 020.92 | 34 601.92 | 21 434.81 | 6 044.90 |
EBIT | 3 465.40 | 6 413.28 | 17 292.95 | 8 946.44 | -10 108.54 |
Net earnings | 2 629.45 | 4 885.93 | 13 525.40 | 7 039.12 | -8 622.44 |
Shareholders equity total | 1 741.22 | 6 627.15 | 20 152.55 | 27 191.67 | 18 569.23 |
Balance sheet total (assets) | 102 733.87 | 53 420.47 | 53 535.91 | 54 925.22 | 41 754.30 |
Net debt | - 186.35 | - 192.73 | - 107.00 | -2 391.36 | -5 019.24 |
Profitability | |||||
EBIT-% | |||||
ROA | 4.7 % | 8.4 % | 32.8 % | 16.7 % | -20.8 % |
ROE | 11.5 % | 116.8 % | 101.0 % | 29.7 % | -37.7 % |
ROI | 78.2 % | 132.7 % | 115.2 % | 33.4 % | -38.4 % |
Economic value added (EVA) | 2 470.21 | 4 970.54 | 13 115.33 | 5 787.45 | -9 509.41 |
Solvency | |||||
Equity ratio | 1.7 % | 12.4 % | 37.6 % | 49.5 % | 44.5 % |
Gearing | 0.4 % | 0.5 % | |||
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 0.7 | 0.8 | 0.9 | 0.4 | 0.6 |
Current ratio | 0.9 | 1.0 | 1.5 | 2.1 | 1.6 |
Cash and cash equivalents | 186.35 | 192.73 | 107.00 | 2 493.03 | 5 119.01 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | A | BBB |
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