BØRNERINGENS FOND
Credit rating
Company information
About BØRNERINGENS FOND
BØRNERINGENS FOND (CVR number: 21277096) is a company from KØBENHAVN. The company recorded a gross profit of 3451 kDKK in 2023. The operating profit was 1649.1 kDKK, while net earnings were 1070.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 4.6 %, which can be considered decent but Return on Equity (ROE) was 12.2 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 25.4 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. BØRNERINGENS FOND's liquidity measured by quick ratio was 1 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.
Financial information
See financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 3 218.47 | 3 449.34 | 3 515.40 | ||
Gross profit | 2 715.39 | 2 439.79 | 2 472.00 | 2 464.02 | 3 451.03 |
EBIT | 1 477.96 | 1 084.72 | 894.14 | 771.39 | 1 649.07 |
Net earnings | 1 051.19 | - 347.94 | - 257.02 | 158.72 | 1 070.15 |
Shareholders equity total | 10 340.90 | 9 311.18 | 8 274.70 | 8 313.42 | 9 204.56 |
Balance sheet total (assets) | 33 229.97 | 38 763.26 | 36 815.22 | 35 255.92 | 36 180.20 |
Net debt | 21 448.94 | 26 333.69 | 25 897.78 | 18 349.95 | 14 111.51 |
Profitability | |||||
EBIT-% | 45.9 % | 31.4 % | 25.4 % | ||
ROA | 5.1 % | 3.0 % | 2.4 % | 2.1 % | 4.6 % |
ROE | 12.9 % | -3.5 % | -2.9 % | 1.9 % | 12.2 % |
ROI | 5.3 % | 3.1 % | 2.4 % | 2.4 % | 6.1 % |
Economic value added (EVA) | 737.53 | 88.22 | - 582.56 | - 572.88 | 514.33 |
Solvency | |||||
Equity ratio | 31.1 % | 24.0 % | 22.5 % | 23.6 % | 25.4 % |
Gearing | 211.2 % | 306.6 % | 328.4 % | 231.9 % | 185.4 % |
Relative net indebtedness % | 699.0 % | 789.7 % | 775.5 % | ||
Liquidity | |||||
Quick ratio | 0.2 | 1.2 | 0.5 | 0.2 | 1.0 |
Current ratio | 0.2 | 1.2 | 0.5 | 0.2 | 1.0 |
Cash and cash equivalents | 392.71 | 2 211.70 | 1 279.19 | 930.88 | 2 956.50 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | -53.5 % | 11.6 % | -33.6 % | ||
Credit risk | |||||
Credit rating | A | BBB | BBB | BBB | A |
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