Karmsund A/S — Credit Rating and Financial Key Figures

CVR number: 38823566
Østre Havnegade 18, 9000 Aalborg

Credit rating

Company information

Official name
Karmsund A/S
Personnel
18 persons
Established
2017
Company form
Limited company
Industry

About Karmsund A/S

Karmsund A/S (CVR number: 38823566) is a company from AALBORG. The company recorded a gross profit of 4192.4 kDKK in 2024. The operating profit was -1046 kDKK, while net earnings were -1078.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was -2.6 %, which can be considered poor and Return on Equity (ROE) was -16.3 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 18.7 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. Karmsund A/S's liquidity measured by quick ratio was 0.7 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit2 831.786 427.364 319.246 906.954 192.36
EBIT-2 132.381 334.91-1 395.31646.94-1 046.00
Net earnings-2 206.411 329.00-1 529.13460.20-1 078.21
Shareholders equity total2 452.773 781.772 252.647 157.296 079.07
Balance sheet total (assets)7 707.928 164.559 934.4014 288.0938 140.34
Net debt2 085.461 770.515 701.624 827.8018 964.27
Profitability
EBIT-%
ROA-26.1 %17.9 %-15.4 %6.1 %-2.6 %
ROE-62.0 %42.6 %-50.7 %9.8 %-16.3 %
ROI-40.8 %28.2 %-20.6 %7.5 %-3.7 %
Economic value added (EVA)-2 418.401 119.35-1 647.40364.85-1 631.51
Solvency
Equity ratio31.8 %46.3 %22.7 %57.1 %18.7 %
Gearing85.0 %46.8 %253.1 %67.5 %312.0 %
Relative net indebtedness %
Liquidity
Quick ratio0.50.80.31.60.7
Current ratio0.50.80.41.70.7
Cash and cash equivalents
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBABBBABBB

Variable visualization

ROA:-2.61%
Rating: 17/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:18.7%
Rating: 18/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

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