KVERNELAND GROUP DANMARK A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About KVERNELAND GROUP DANMARK A/S
KVERNELAND GROUP DANMARK A/S (CVR number: 12006675) is a company from KERTEMINDE. The company reported a net sales of 19.9 mDKK in 2023, demonstrating a growth of 19.8 % compared to the previous year. The operating profit percentage was at 18.1 % (EBIT: 3.6 mDKK), while net earnings were 3353.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 5.9 %, which can be considered decent and Return on Equity (ROE) was 7.7 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 68.6 %, 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. KVERNELAND GROUP DANMARK A/S's liquidity measured by quick ratio was 3.3 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 | 17 543.93 | 16 299.28 | 15 383.81 | 16 566.08 | 19 850.99 |
Gross profit | 17 543.93 | 16 299.28 | 15 383.81 | 16 566.08 | 19 850.99 |
EBIT | 4 292.00 | 2 940.80 | 1 984.13 | 2 409.27 | 3 597.30 |
Net earnings | 3 412.29 | 2 366.63 | 1 578.41 | 1 974.38 | 3 353.36 |
Shareholders equity total | 35 887.27 | 38 253.90 | 39 832.32 | 41 806.70 | 45 160.05 |
Balance sheet total (assets) | 48 011.78 | 60 344.22 | 72 705.02 | 85 141.95 | 65 851.24 |
Net debt | -25 300.17 | -17 871.99 | -14 689.77 | 3 117.98 | -30 095.10 |
Profitability | |||||
EBIT-% | 24.5 % | 18.0 % | 12.9 % | 14.5 % | 18.1 % |
ROA | 9.3 % | 5.8 % | 3.1 % | 3.3 % | 5.9 % |
ROE | 10.0 % | 6.4 % | 4.0 % | 4.8 % | 7.7 % |
ROI | 10.5 % | 6.4 % | 3.4 % | 3.6 % | 6.3 % |
Economic value added (EVA) | 3 398.30 | 2 061.36 | 1 217.35 | 1 839.79 | 2 361.63 |
Solvency | |||||
Equity ratio | 74.7 % | 63.4 % | 54.8 % | 49.1 % | 68.6 % |
Gearing | 16.7 % | 36.2 % | 61.3 % | 84.0 % | 29.5 % |
Relative net indebtedness % | -113.6 % | -65.4 % | -49.3 % | 59.7 % | -123.4 % |
Liquidity | |||||
Quick ratio | 4.0 | 2.9 | 2.3 | 2.0 | 3.3 |
Current ratio | 4.4 | 3.0 | 2.3 | 2.0 | 3.5 |
Cash and cash equivalents | 31 308.84 | 31 703.37 | 39 124.59 | 32 004.90 | 43 436.03 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 248.2 | 562.6 | 731.0 | 1 114.5 | 334.2 |
Net working capital % | 209.2 % | 246.1 % | 267.0 % | 256.6 % | 233.0 % |
Credit risk | |||||
Credit rating | AA | AA | A | A | AA |
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