KIRK FARM A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About KIRK FARM A/S
KIRK FARM A/S (CVR number: 34590699) is a company from VEJLE. The company recorded a gross profit of 123.8 kDKK in 2023. The operating profit was 123.8 kDKK, while net earnings were -111.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 1.5 %, which can be considered weak but Return on Equity (ROE) was -4 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 24.5 %, 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. KIRK FARM 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | - 646.56 | 9.73 | -5.85 | 95.49 | 123.79 |
EBIT | - 646.56 | 9.73 | -5.85 | - 848.12 | 123.79 |
Net earnings | - 547.75 | -64.85 | -78.13 | - 948.96 | - 111.70 |
Shareholders equity total | 2 942.15 | 2 744.08 | 2 900.86 | 2 884.82 | 2 676.27 |
Balance sheet total (assets) | 10 455.15 | 10 279.95 | 10 204.68 | 11 042.54 | 10 929.94 |
Net debt | 7 083.76 | 6 753.99 | 6 775.83 | 7 733.97 | 7 304.64 |
Profitability | |||||
EBIT-% | |||||
ROA | -6.1 % | 0.1 % | -0.1 % | -8.0 % | 1.5 % |
ROE | -8.1 % | -2.3 % | -2.8 % | -32.8 % | -4.0 % |
ROI | -6.2 % | 0.1 % | -0.1 % | -8.2 % | 1.5 % |
Economic value added (EVA) | -1 041.08 | - 496.59 | - 492.76 | -1 340.68 | - 459.98 |
Solvency | |||||
Equity ratio | 28.1 % | 26.7 % | 28.4 % | 26.1 % | 24.5 % |
Gearing | 240.8 % | 254.1 % | 240.6 % | 270.7 % | 303.8 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 0.8 | 0.5 | 0.6 | 0.9 | 0.7 |
Current ratio | 0.8 | 0.5 | 0.6 | 0.9 | 0.7 |
Cash and cash equivalents | 2.30 | 219.82 | 204.32 | 76.11 | 825.64 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BBB | BBB |
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