CORNETT SKO ApS — Credit Rating and Financial Key Figures

CVR number: 59297910
Ramsherred 21 B, 6200 Aabenraa
tops@cornett.dk
tel: 74622231
www.cornettsko.dk

Credit rating

Company information

Official name
CORNETT SKO ApS
Personnel
10 persons
Established
1976
Company form
Private limited company
Industry
  • Expand more icon47Retail trade, except of motor vehicles and motorcycles

About CORNETT SKO ApS

CORNETT SKO ApS (CVR number: 59297910) is a company from AABENRAA. The company recorded a gross profit of 1927.5 kDKK in 2023. The operating profit was -237.6 kDKK, while net earnings were -60.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was -0.5 %, which can be considered poor and Return on Equity (ROE) was -3.6 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 32.3 %, 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. CORNETT SKO ApS's liquidity measured by quick ratio was 0.2 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 818.402 023.752 858.153 107.821 927.53
EBIT368.50526.461 167.111 128.30- 237.59
Net earnings254.55386.16903.82865.38-60.74
Shareholders equity total1 314.711 700.871 604.681 720.071 659.33
Balance sheet total (assets)4 345.184 544.554 705.525 654.445 141.19
Net debt- 237.18- 777.75-7.50999.72259.95
Profitability
EBIT-%
ROA8.7 %11.9 %25.6 %22.0 %-0.5 %
ROE21.4 %25.6 %54.7 %52.1 %-3.6 %
ROI30.6 %34.6 %71.4 %52.5 %-1.1 %
Economic value added (EVA)248.05358.30863.87800.15- 271.45
Solvency
Equity ratio30.3 %37.4 %34.1 %30.4 %32.3 %
Gearing2.7 %0.4 %58.5 %22.6 %
Relative net indebtedness %
Liquidity
Quick ratio0.20.50.50.30.2
Current ratio1.41.51.41.41.5
Cash and cash equivalents272.98777.7513.605.90114.28
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:-0.48%
Rating: 20/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:32.3%
Rating: 28/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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