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 1.5 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 1 277.74 | 1 510.71 | |||
Gross profit | 523.86 | 790.09 | 1 198.97 | 1 277.74 | 1 535.56 |
EBIT | 363.82 | 581.98 | 1 028.89 | 1 122.83 | 1 391.33 |
Net earnings | -3 798.60 | 2 201.10 | - 810.06 | 3 261.29 | 1 089.30 |
Shareholders equity total | 64 992.32 | 65 693.42 | 62 383.36 | 61 444.64 | 59 833.95 |
Balance sheet total (assets) | 68 017.65 | 68 251.10 | 64 968.30 | 64 368.76 | 62 814.08 |
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 | -91.33 | 1.30 | 229.61 |
Solvency | |||||
Equity ratio | 95.6 % | 96.3 % | 96.0 % | 95.5 % | 95.3 % |
Gearing | 0.8 % | ||||
Relative net indebtedness % | -93.2 % | -169.1 % | |||
Liquidity | |||||
Quick ratio | 0.8 | 3.0 | 5.7 | 3.6 | 7.6 |
Current ratio | 0.8 | 3.0 | 5.7 | 3.6 | 7.6 |
Cash and cash equivalents | 731.79 | 1 251.26 | 1 940.22 | 1 705.64 | 2 961.12 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | 103.3 % | 178.3 % | |||
Credit risk | |||||
Credit rating | BBB | A | BBB | A | A |
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