MINKFARMEN KÆRVANG ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About MINKFARMEN KÆRVANG ApS
MINKFARMEN KÆRVANG ApS (CVR number: 26686040) is a company from JAMMERBUGT. The company recorded a gross profit of -273.8 kDKK in 2023. The operating profit was -1044.1 kDKK, while net earnings were -598.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was -7.8 %, which can be considered poor and Return on Equity (ROE) was -8.3 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 78.8 %, 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. MINKFARMEN KÆRVANG ApS's liquidity measured by quick ratio was 2.4 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 financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | - 392.00 | -1.00 | 1 377.00 | 2 122.00 | - 273.80 |
EBIT | -1 502.00 | -1 034.00 | 796.00 | 1 453.00 | -1 044.12 |
Net earnings | -1 518.00 | -1 079.00 | 1 547.00 | 1 418.00 | - 598.34 |
Shareholders equity total | 5 964.00 | 4 884.00 | 6 131.00 | 7 549.00 | 6 950.43 |
Balance sheet total (assets) | 8 083.00 | 7 993.00 | 8 107.00 | 9 307.00 | 8 819.28 |
Net debt | 504.00 | - 175.00 | -1 819.00 | -3 479.00 | -3 181.19 |
Profitability | |||||
EBIT-% | |||||
ROA | -15.9 % | -12.5 % | 10.0 % | 17.2 % | -7.8 % |
ROE | -22.6 % | -19.9 % | 28.1 % | 20.7 % | -8.3 % |
ROI | -19.5 % | -17.7 % | 14.6 % | 21.5 % | -9.8 % |
Economic value added (EVA) | -1 877.77 | -1 333.49 | 328.99 | 1 551.87 | -1 015.49 |
Solvency | |||||
Equity ratio | 73.8 % | 61.1 % | 75.6 % | 81.1 % | 78.8 % |
Gearing | 8.5 % | 0.2 % | |||
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 0.0 | 0.6 | 1.5 | 2.6 | 2.4 |
Current ratio | 1.1 | 0.8 | 1.6 | 2.7 | 2.4 |
Cash and cash equivalents | 4.00 | 184.00 | 1 819.00 | 3 479.00 | 3 181.19 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | BBB | A | A | BBB |
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