KØGE Grovvare A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About KØGE Grovvare A/S
KØGE Grovvare A/S (CVR number: 12071248) is a company from KØGE. The company recorded a gross profit of -613.9 kDKK in 2023. The operating profit was -629.3 kDKK, while net earnings were -697.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was -14.5 %, which can be considered poor and Return on Equity (ROE) was -18.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 90.1 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. KØGE Grovvare A/S's liquidity measured by quick ratio was 9.1 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 financials| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | -62.63 | 179.95 | 318.87 | - 304.84 | - 613.86 | 
| EBIT | - 159.33 | 78.42 | 281.32 | - 335.12 | - 629.29 | 
| Net earnings | - 107.89 | 77.10 | 174.24 | - 403.78 | - 697.61 | 
| Shareholders equity total | 4 270.83 | 4 347.93 | 4 522.16 | 4 118.39 | 3 420.77 | 
| Balance sheet total (assets) | 5 118.70 | 4 393.85 | 4 820.00 | 4 766.87 | 3 797.91 | 
| Net debt | - 848.18 | -1 511.06 | - 285.52 | -90.93 | 101.03 | 
| Profitability | |||||
| EBIT-% | |||||
| ROA | -2.4 % | 2.4 % | 6.5 % | -6.6 % | -14.5 % | 
| ROE | -2.5 % | 1.8 % | 3.9 % | -9.3 % | -18.5 % | 
| ROI | -2.9 % | 2.7 % | 6.7 % | -7.2 % | -15.8 % | 
| Economic value added (EVA) | - 270.86 | - 110.85 | 72.22 | - 493.29 | - 898.94 | 
| Solvency | |||||
| Equity ratio | 83.4 % | 99.0 % | 93.8 % | 86.4 % | 90.1 % | 
| Gearing | 1.4 % | 3.2 % | 5.0 % | ||
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 3.5 | 77.6 | 13.9 | 6.2 | 9.1 | 
| Current ratio | 4.7 | 78.3 | 14.5 | 6.5 | 9.4 | 
| Cash and cash equivalents | 848.18 | 1 511.06 | 348.81 | 224.71 | 69.77 | 
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BBB | BBB | BBB | BBB | BBB | 
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