Frank Kruse Holding ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Frank Kruse Holding ApS
Frank Kruse Holding ApS (CVR number: 42913472K) is a company from GLADSAXE. The company reported a net sales of 878.2 mDKK in 2023, demonstrating a growth of 18.8 % compared to the previous year. The operating profit percentage was at 5.1 % (EBIT: 45.1 mDKK), while net earnings were 37.7 mDKK. The profitability of the company measured by Return on Assets (ROA) was 13.7 %, which can be considered good but Return on Equity (ROE) was 52.2 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 36.2 %, 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. Frank Kruse Holding ApS's liquidity measured by quick ratio was 1.6 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 (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|
Volume | ||||
Net sales | 446.43 | 575.22 | 738.97 | 878.21 |
Gross profit | 192.99 | 231.08 | 283.26 | 317.02 |
EBIT | 16.45 | 38.70 | 54.04 | 45.09 |
Net earnings | 11.82 | 28.66 | 39.02 | 37.68 |
Shareholders equity total | 62.82 | 91.65 | 112.69 | 143.44 |
Balance sheet total (assets) | 207.35 | 278.96 | 350.37 | 396.71 |
Net debt | 6.15 | -25.74 | -19.47 | -25.10 |
Profitability | ||||
EBIT-% | 3.7 % | 6.7 % | 7.3 % | 5.1 % |
ROA | 8.0 % | 16.1 % | 17.2 % | 13.7 % |
ROE | 20.2 % | 56.5 % | 73.3 % | 52.2 % |
ROI | 15.1 % | 31.1 % | 33.1 % | 25.6 % |
Economic value added (EVA) | 12.76 | 26.72 | 39.45 | 30.45 |
Solvency | ||||
Equity ratio | 30.3 % | 32.9 % | 32.2 % | 36.2 % |
Gearing | 20.5 % | 14.6 % | 18.4 % | 12.4 % |
Relative net indebtedness % | 27.0 % | 22.3 % | 23.4 % | 20.9 % |
Liquidity | ||||
Quick ratio | 1.6 | 1.5 | 1.5 | 1.6 |
Current ratio | 1.6 | 1.6 | 1.5 | 1.6 |
Cash and cash equivalents | 6.75 | 39.16 | 40.23 | 42.91 |
Capital use efficiency | ||||
Trade debtors turnover (days) | 82.7 | 65.7 | 73.5 | 63.4 |
Net working capital % | 11.4 % | 8.6 % | 9.2 % | 9.3 % |
Credit risk | ||||
Credit rating | A | AA | AA | AA |
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