K/S CORO — Credit Rating and Financial Key Figures
Credit rating
Company information
About K/S CORO
K/S CORO (CVR number: 31072778) is a company from VIBORG. The company recorded a gross profit of -12.4 kDKK in 2023. The operating profit was -37.4 kDKK, while net earnings were -146.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was -0.6 %, which can be considered poor and Return on Equity (ROE) was -3.2 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 78.4 %, 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. K/S CORO's liquidity measured by quick ratio was 3.2 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 24.85 | 5.23 | 57.07 | 6.37 | -12.40 |
EBIT | 24.85 | 5.23 | -92.93 | - 418.63 | -37.40 |
Net earnings | -31.21 | -53.86 | - 157.12 | - 499.67 | - 146.26 |
Shareholders equity total | 973.15 | 926.57 | 5 174.35 | 4 674.68 | 4 528.42 |
Balance sheet total (assets) | 2 486.16 | 2 479.01 | 6 778.29 | 6 288.27 | 5 776.57 |
Net debt | 1 442.24 | 1 500.23 | 1 446.42 | 1 355.59 | 1 204.63 |
Profitability | |||||
EBIT-% | |||||
ROA | 1.0 % | 0.2 % | -2.0 % | -6.4 % | -0.6 % |
ROE | -3.2 % | -5.7 % | -5.2 % | -10.1 % | -3.2 % |
ROI | 1.0 % | 0.2 % | -2.1 % | -6.6 % | -0.6 % |
Economic value added (EVA) | -24.00 | -43.37 | - 208.14 | - 678.51 | -50.95 |
Solvency | |||||
Equity ratio | 39.1 % | 37.4 % | 76.3 % | 74.3 % | 78.4 % |
Gearing | 148.8 % | 162.3 % | 28.0 % | 29.0 % | 26.6 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 0.1 | 0.4 | 2.8 | 2.8 | 3.2 |
Current ratio | 0.1 | 0.4 | 2.8 | 2.8 | 3.2 |
Cash and cash equivalents | 5.85 | 3.49 | 2.66 | 0.10 | 1.00 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BBB | BBB |
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