Cornerstones A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Cornerstones A/S
Cornerstones A/S (CVR number: 40668209) is a company from HERNING. The company reported a net sales of 15.9 mDKK in 2024, demonstrating a growth of 31.4 % compared to the previous year. The operating profit percentage was at 5.2 % (EBIT: 0.8 mDKK), while net earnings were 653.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 21.1 %, which can be considered excellent and Return on Equity (ROE) was 27.4 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 61 %, 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. Cornerstones A/S's liquidity measured by quick ratio was 2.6 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 12 092.01 | 15 890.77 | |||
Gross profit | 4 285.96 | 7 654.71 | 9 222.61 | 10 818.06 | 12 570.00 |
EBIT | 1 530.60 | 1 966.45 | 794.69 | -19.06 | 830.00 |
Net earnings | 1 180.66 | 1 521.83 | 613.21 | 0.53 | 653.36 |
Shareholders equity total | 2 223.66 | 2 845.48 | 3 058.70 | 2 059.23 | 2 712.59 |
Balance sheet total (assets) | 3 344.11 | 3 812.15 | 4 060.19 | 3 472.51 | 4 581.80 |
Net debt | -2 157.35 | -1 105.48 | - 365.03 | - 926.31 | - 554.85 |
Profitability | |||||
EBIT-% | -0.2 % | 5.2 % | |||
ROA | 45.8 % | 55.0 % | 20.4 % | 0.4 % | 21.1 % |
ROE | 53.1 % | 60.0 % | 20.8 % | 0.0 % | 27.4 % |
ROI | 68.8 % | 77.7 % | 27.2 % | 0.5 % | 35.6 % |
Economic value added (EVA) | 1 193.21 | 1 530.22 | 530.69 | - 154.41 | 558.70 |
Solvency | |||||
Equity ratio | 66.5 % | 74.6 % | 75.3 % | 59.3 % | 61.0 % |
Gearing | 0.0 % | ||||
Relative net indebtedness % | 4.0 % | 8.3 % | |||
Liquidity | |||||
Quick ratio | 2.9 | 3.9 | 4.0 | 2.4 | 2.6 |
Current ratio | 2.9 | 3.9 | 4.0 | 2.4 | 2.4 |
Cash and cash equivalents | 2 157.35 | 1 105.48 | 365.03 | 926.32 | 554.85 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 48.6 | 64.0 | |||
Net working capital % | 16.1 % | 16.4 % | |||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BBB | BBB |
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