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KULTURØEN A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About KULTURØEN A/S
KULTURØEN A/S (CVR number: 26884063) is a company from MIDDELFART. The company reported a net sales of 1.3 mDKK in 2024, demonstrating a decline of -12.5 % compared to the previous year. The operating profit percentage was at 158.7 % (EBIT: 2.1 mDKK), while net earnings were 1816 kDKK. The profitability of the company measured by Return on Assets (ROA) was 4.7 %, which can be considered decent but Return on Equity (ROE) was 3.1 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 94.9 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. KULTURØEN A/S's liquidity measured by quick ratio was 9.2 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 financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | 1 277.74 | 1 510.71 | 1 321.68 | ||
| Gross profit | 790.09 | 1 198.97 | 1 277.74 | 1 535.56 | 2 145.30 |
| EBIT | 581.98 | 1 028.89 | 1 122.83 | 1 391.33 | 2 097.22 |
| Net earnings | 2 201.10 | - 810.06 | 3 261.29 | 1 089.30 | 1 815.95 |
| Shareholders equity total | 65 693.42 | 62 383.36 | 61 444.64 | 59 833.95 | 57 649.90 |
| Balance sheet total (assets) | 68 251.10 | 64 968.30 | 64 368.76 | 62 814.08 | 60 762.18 |
| Net debt | -1 251.26 | -1 940.22 | -1 705.64 | -2 961.12 | -3 099.30 |
| Profitability | |||||
| EBIT-% | 87.9 % | 92.1 % | 158.7 % | ||
| ROA | 3.4 % | -0.9 % | 5.4 % | 2.2 % | 4.7 % |
| ROE | 3.4 % | -1.3 % | 5.3 % | 1.8 % | 3.1 % |
| ROI | 3.4 % | -0.9 % | 5.5 % | 2.2 % | 4.8 % |
| Economic value added (EVA) | -2 941.01 | -2 602.61 | -2 372.03 | -2 124.87 | -1 501.90 |
| Solvency | |||||
| Equity ratio | 96.3 % | 96.0 % | 95.5 % | 95.3 % | 94.9 % |
| Gearing | |||||
| Relative net indebtedness % | -93.2 % | -169.1 % | -207.5 % | ||
| Liquidity | |||||
| Quick ratio | 3.0 | 5.7 | 3.6 | 7.6 | 9.2 |
| Current ratio | 3.0 | 5.7 | 3.6 | 7.6 | 9.2 |
| Cash and cash equivalents | 1 251.26 | 1 940.22 | 1 705.64 | 2 961.12 | 3 099.30 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | 103.3 % | 178.3 % | 220.6 % | ||
| Credit risk | |||||
| Credit rating | A | AA | AA | AAA | AAA |
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