STIFTELSEN KONG FREDERIK DEN OTTENDES MINDE — Credit Rating and Financial Key Figures
Credit rating
Company information
About STIFTELSEN KONG FREDERIK DEN OTTENDES MINDE
STIFTELSEN KONG FREDERIK DEN OTTENDES MINDE (CVR number: 56095810) is a company from AARHUS. The company reported a net sales of 5.2 mDKK in 2024, demonstrating a growth of 3.6 % compared to the previous year. The operating profit percentage was at 36 % (EBIT: 1.9 mDKK), while net earnings were 1239 kDKK. The profitability of the company measured by Return on Assets (ROA) was 2.2 %, which can be considered weak and Return on Equity (ROE) was 2 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 62.8 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. STIFTELSEN KONG FREDERIK DEN OTTENDES MINDE's liquidity measured by quick ratio was 5.4 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 financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | 3 848.11 | 3 924.05 | 4 127.84 | 5 025.42 | 5 205.57 |
| Gross profit | 1 025.52 | 1 570.92 | 1 717.63 | 1 911.26 | 2 343.34 |
| EBIT | 440.80 | 1 191.70 | 2 191.54 | 1 319.76 | 1 876.42 |
| Net earnings | 601.56 | 272.44 | 721.85 | 668.67 | 1 238.99 |
| Shareholders equity total | 59 724.80 | 59 898.37 | 60 508.89 | 61 040.76 | 62 145.01 |
| Balance sheet total (assets) | 87 625.41 | 78 521.38 | 100 025.47 | 97 919.95 | 98 911.33 |
| Net debt | 9 693.54 | 10 021.09 | 31 140.05 | 27 779.62 | 26 809.40 |
| Profitability | |||||
| EBIT-% | 11.5 % | 30.4 % | 53.1 % | 26.3 % | 36.0 % |
| ROA | 1.2 % | 1.6 % | 2.7 % | 1.6 % | 2.2 % |
| ROE | 1.0 % | 0.5 % | 1.2 % | 1.1 % | 2.0 % |
| ROI | 1.2 % | 1.6 % | 2.8 % | 1.7 % | 2.3 % |
| Economic value added (EVA) | -1 907.07 | -1 144.29 | - 189.54 | -2 190.94 | -1 492.14 |
| Solvency | |||||
| Equity ratio | 68.2 % | 76.3 % | 60.5 % | 62.3 % | 62.8 % |
| Gearing | 40.3 % | 24.4 % | 58.5 % | 53.2 % | 51.6 % |
| Relative net indebtedness % | 352.0 % | 357.0 % | 853.7 % | 640.5 % | 605.1 % |
| Liquidity | |||||
| Quick ratio | 15.1 | 7.9 | 8.0 | 5.1 | 5.4 |
| Current ratio | 15.1 | 7.9 | 8.0 | 5.1 | 5.4 |
| Cash and cash equivalents | 14 355.06 | 4 613.84 | 4 278.18 | 4 691.74 | 5 265.36 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | 0.2 | ||||
| Net working capital % | 22.4 % | 48.9 % | 83.8 % | 17.2 % | 25.1 % |
| Credit risk | |||||
| Credit rating | AA | AA | AA | AA | AA |
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