Credit rating
Company information
About the company
Kunst & Rammedesign ApS (CVR number: 40814272) is a company from KØGE. The company reported a net sales of 0.6 mDKK in 2022, demonstrating a decline of -35.6 % compared to the previous year. The operating profit percentage was at 23.7 % (EBIT: 0.1 mDKK), while net earnings were 127.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 47.1 %, which can be considered excellent and Return on Equity (ROE) was 51.8 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at -1 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Kunst & Rammedesign ApS's liquidity measured by quick ratio was 0.6 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | |
---|---|---|---|
Volume | |||
Net sales | 954.01 | 962.01 | 619.49 |
Gross profit | 396.46 | 403.33 | 262.75 |
EBIT | 35.85 | -33.52 | 147.12 |
Net earnings | 31.34 | -37.92 | 127.35 |
Shareholders equity total | -91.86 | - 129.78 | -2.44 |
Balance sheet total (assets) | 310.92 | 249.02 | 243.06 |
Net debt | 31.24 | 46.33 | -11.80 |
Profitability | |||
EBIT-% | 3.8 % | -3.5 % | 23.7 % |
ROA | 8.9 % | -8.6 % | 47.1 % |
ROE | 10.1 % | -13.5 % | 51.8 % |
ROI | 20.5 % | -21.5 % | 123.1 % |
Economic value added (EVA) | 35.85 | -24.48 | 157.17 |
Solvency | |||
Equity ratio | -22.8 % | -34.3 % | -1.0 % |
Gearing | -190.5 % | -105.4 % | -4195.9 % |
Relative net indebtedness % | 27.2 % | 30.0 % | 21.2 % |
Liquidity | |||
Quick ratio | 0.5 | 0.3 | 0.6 |
Current ratio | 0.8 | 0.6 | 0.9 |
Cash and cash equivalents | 143.72 | 90.50 | 114.06 |
Capital use efficiency | |||
Trade debtors turnover (days) | 15.0 | 11.6 | 16.5 |
Net working capital % | -8.8 % | -16.4 % | -3.8 % |
Credit risk | |||
Credit rating | B | B | B |
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