KULTURØEN A/S — Credit Rating and Financial Key Figures

CVR number: 26884063
Havnegade 21, 5500 Middelfart

Company information

Official name
KULTURØEN A/S
Established
2002
Company form
Limited company
Industry

About KULTURØEN A/S

KULTURØEN A/S (CVR number: 26884063) is a company from MIDDELFART. The company reported a net sales of 1.5 mDKK in 2023, demonstrating a growth of 18.2 % compared to the previous year. The operating profit percentage was at 92.1 % (EBIT: 1.4 mDKK), while net earnings were 1089.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 2.2 %, which can be considered weak and Return on Equity (ROE) was 1.8 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 95.3 %, 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 7.6 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales1 277.741 510.71
Gross profit523.86790.091 198.971 277.741 535.56
EBIT363.82581.981 028.891 122.831 391.33
Net earnings-3 798.602 201.10- 810.063 261.291 089.30
Shareholders equity total64 992.3265 693.4262 383.3661 444.6459 833.95
Balance sheet total (assets)68 017.6568 251.1064 968.3064 368.7662 814.08
Net debt- 242.61-1 251.26-1 940.22-1 705.64-2 961.12
Profitability
EBIT-%87.9 %92.1 %
ROA-5.9 %3.4 %-0.9 %5.4 %2.2 %
ROE-5.7 %3.4 %-1.3 %5.3 %1.8 %
ROI-6.0 %3.4 %-0.9 %5.5 %2.2 %
Economic value added (EVA)- 564.71- 418.30-91.331.30229.61
Solvency
Equity ratio95.6 %96.3 %96.0 %95.5 %95.3 %
Gearing0.8 %
Relative net indebtedness %-93.2 %-169.1 %
Liquidity
Quick ratio0.83.05.73.67.6
Current ratio0.83.05.73.67.6
Cash and cash equivalents731.791 251.261 940.221 705.642 961.12
Capital use efficiency
Trade debtors turnover (days)
Net working capital %103.3 %178.3 %
Credit risk
Credit ratingBBBABBBAA

Variable visualization

ROA:2.23%
Rating: 31/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:95.3%
Rating: 76/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Chief executive officer

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