Korf Cars ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Korf Cars ApS
Korf Cars ApS (CVR number: 25374762) is a company from FURESØ. The company recorded a gross profit of -3.1 kDKK in 2024. The operating profit was -3.1 kDKK, while net earnings were -0.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was -1 %, which can be considered poor and Return on Equity (ROE) was -2.1 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 36.2 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. Korf Cars ApS's liquidity measured by quick ratio was 1.6 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 | |||||
| Gross profit | -4.56 | -2.50 | -3.47 | -1.53 | -3.13 |
| EBIT | -4.56 | -2.50 | -3.47 | -1.53 | -3.13 |
| Net earnings | -3.55 | -2.06 | -3.29 | -0.24 | -0.89 |
| Shareholders equity total | 48.16 | 46.10 | 42.81 | 42.57 | 41.68 |
| Balance sheet total (assets) | 120.86 | 117.79 | 114.50 | 114.27 | 113.38 |
| Net debt | -49.15 | -47.52 | -43.30 | -42.99 | -41.85 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | -3.7 % | -2.1 % | -3.0 % | -0.3 % | -1.0 % |
| ROE | -7.1 % | -4.4 % | -7.4 % | -0.6 % | -2.1 % |
| ROI | -3.8 % | -2.1 % | -3.0 % | -0.3 % | -1.0 % |
| Economic value added (EVA) | -10.75 | -8.47 | -9.29 | -7.18 | -8.85 |
| Solvency | |||||
| Equity ratio | 39.8 % | 39.1 % | 37.4 % | 36.7 % | 36.2 % |
| Gearing | 146.8 % | 151.2 % | 162.8 % | 163.7 % | 167.2 % |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 1.7 | 1.6 | 1.6 | 1.6 | 1.6 |
| Current ratio | 1.7 | 1.6 | 1.6 | 1.6 | 1.6 |
| Cash and cash equivalents | 119.85 | 117.21 | 113.00 | 112.69 | 111.55 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BB | BB | BB | BB | BB |
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