Kvorning Møbelsnedkeri ApS
Credit rating
Company information
About Kvorning Møbelsnedkeri ApS
Kvorning Møbelsnedkeri ApS (CVR number: 37128074) is a company from HVIDOVRE. The company reported a net sales of 1.1 mDKK in 2023, demonstrating a growth of 28.9 % compared to the previous year. The operating profit percentage was poor at -5 % (EBIT: -0.1 mDKK), while net earnings were -57.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was -39.3 %, which can be considered poor and Return on Equity (ROE) was -62.2 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 47 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. Kvorning Møbelsnedkeri ApS's liquidity measured by quick ratio was 3.3 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 financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 702.76 | 971.93 | 582.09 | 873.06 | 1 125.24 |
Gross profit | 303.20 | 344.89 | 344.89 | 260.32 | 397.48 |
EBIT | -7.87 | -51.81 | -10.90 | -88.83 | -56.27 |
Net earnings | -8.13 | -52.17 | -11.67 | -90.06 | -57.93 |
Shareholders equity total | 69.51 | 25.46 | 65.97 | -12.42 | 77.63 |
Balance sheet total (assets) | 138.68 | 142.21 | 147.55 | 108.74 | 165.22 |
Net debt | -88.20 | -94.26 | - 104.40 | -26.65 | 0.47 |
Profitability | |||||
EBIT-% | -1.1 % | -5.3 % | -1.9 % | -10.2 % | -5.0 % |
ROA | -5.6 % | -36.9 % | -7.5 % | -66.1 % | -39.3 % |
ROE | -11.4 % | -109.9 % | -25.5 % | -103.1 % | -62.2 % |
ROI | -11.0 % | -109.1 % | -23.9 % | -269.3 % | -88.2 % |
Economic value added (EVA) | -5.52 | -50.21 | -6.79 | -86.25 | -53.65 |
Solvency | |||||
Equity ratio | 50.1 % | 17.9 % | 44.7 % | -10.3 % | 47.0 % |
Gearing | 64.4 % | ||||
Relative net indebtedness % | -2.7 % | 2.3 % | -3.9 % | 10.8 % | 3.4 % |
Liquidity | |||||
Quick ratio | 3.2 | 1.3 | 1.6 | 0.8 | 3.3 |
Current ratio | 3.2 | 1.3 | 1.6 | 0.8 | 3.3 |
Cash and cash equivalents | 88.20 | 94.26 | 104.40 | 26.65 | 49.54 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 14.6 | 0.7 | 17.2 | 23.6 | |
Net working capital % | 11.3 % | 2.3 % | 6.6 % | -1.6 % | 7.5 % |
Credit risk | |||||
Credit rating | B | B | B | C | B |
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