Keratech Wheels A/S — Credit Rating and Financial Key Figures

CVR number: 38441159
Industrivej 1, 6800 Varde

Credit rating

Company information

Official name
Keratech Wheels A/S
Personnel
8 persons
Established
2017
Company form
Limited company
Industry
  • Expand more icon45Wholesale and retail trade and repair of motor vehicles and motorcycles

About Keratech Wheels A/S

Keratech Wheels A/S (CVR number: 38441159) is a company from VARDE. The company recorded a gross profit of 8358.9 kDKK in 2023. The operating profit was 5166.2 kDKK, while net earnings were 3718.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 36.5 %, which can be considered excellent and Return on Equity (ROE) was 66.6 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 46.9 %, 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. Keratech Wheels A/S's liquidity measured by quick ratio was 0.1 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit1 687.002 872.214 213.924 531.888 358.91
EBIT-67.30938.572 199.002 038.035 166.25
Net earnings- 215.50577.351 541.281 517.653 718.66
Shareholders equity total513.481 090.832 632.103 925.207 243.86
Balance sheet total (assets)6 331.966 721.7211 049.6812 866.8515 436.82
Net debt3 227.892 566.182 605.802 468.452 758.74
Profitability
EBIT-%
ROA-1.0 %14.5 %24.7 %18.2 %36.5 %
ROE-34.7 %72.0 %82.8 %46.3 %66.6 %
ROI-1.6 %25.2 %48.7 %37.3 %62.7 %
Economic value added (EVA)-89.42694.821 649.551 434.943 822.89
Solvency
Equity ratio8.1 %16.2 %23.8 %30.5 %46.9 %
Gearing637.8 %240.0 %99.2 %63.0 %38.5 %
Relative net indebtedness %
Liquidity
Quick ratio0.20.30.30.10.1
Current ratio1.51.61.61.72.3
Cash and cash equivalents47.1051.856.005.4030.80
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBAAA

Variable visualization

ROA:36.5%
Rating: 87/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:46.9%
Rating: 38/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer
Chairman of the board

Companies in the same industry

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