KERTEMINDE FORSYNING - VAND A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About KERTEMINDE FORSYNING - VAND A/S
KERTEMINDE FORSYNING - VAND A/S (CVR number: 32077412) is a company from KERTEMINDE. The company reported a net sales of 15.1 mDKK in 2024, demonstrating a growth of 17.9 % compared to the previous year. The operating profit percentage was at 6.1 % (EBIT: 0.9 mDKK), while net earnings were 173 kDKK. The profitability of the company measured by Return on Assets (ROA) was 1.2 %, which can be considered weak and Return on Equity (ROE) was 0.3 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 51.7 %, 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. KERTEMINDE FORSYNING - VAND A/S's liquidity measured by quick ratio was 0.6 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 financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 13 823.26 | 13 486.75 | 12 503.00 | 12 770.00 | 15 058.00 |
Gross profit | 9 832.82 | 8 861.69 | 9 454.00 | 9 689.00 | 10 687.00 |
EBIT | 2 229.25 | 2 470.79 | 2 203.00 | 538.00 | 918.00 |
Net earnings | 1 910.91 | 2 179.71 | 1 733.00 | - 264.00 | 173.00 |
Shareholders equity total | 53 231.82 | 55 411.53 | 51 803.00 | 51 539.00 | 51 712.00 |
Balance sheet total (assets) | 77 495.45 | 80 942.44 | 92 911.00 | 93 604.00 | 100 067.00 |
Net debt | 20 968.47 | 22 917.69 | 25 727.00 | 30 750.00 | 31 068.00 |
Profitability | |||||
EBIT-% | 16.1 % | 18.3 % | 17.6 % | 4.2 % | 6.1 % |
ROA | 3.1 % | 3.1 % | 2.5 % | 0.6 % | 1.2 % |
ROE | 3.7 % | 4.0 % | 3.2 % | -0.5 % | 0.3 % |
ROI | 3.2 % | 3.2 % | 2.7 % | 0.7 % | 1.3 % |
Economic value added (EVA) | -1 048.81 | -1 259.27 | -1 733.31 | -3 832.74 | -3 252.00 |
Solvency | |||||
Equity ratio | 68.7 % | 68.5 % | 55.8 % | 55.1 % | 51.7 % |
Gearing | 39.4 % | 41.4 % | 58.4 % | 61.0 % | 69.9 % |
Relative net indebtedness % | 175.3 % | 189.3 % | 253.2 % | 324.0 % | 287.4 % |
Liquidity | |||||
Quick ratio | 0.4 | 0.1 | 49.4 | 0.8 | 0.6 |
Current ratio | 0.4 | 0.1 | 49.4 | 0.8 | 0.6 |
Cash and cash equivalents | 29.73 | 5.21 | 4 546.00 | 696.00 | 5 079.00 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 10.3 | 7.3 | 49.1 | 15.9 | 7.1 |
Net working capital % | -20.5 % | -45.9 % | 48.8 % | -6.2 % | -28.3 % |
Credit risk | |||||
Credit rating | AA | AA | AAA | A | AA |
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