KORNVEJ K/S — Credit Rating and Financial Key Figures

CVR number: 24250601
Fabriksvej 2, 7280 Sønder Felding

Credit rating

Company information

Official name
KORNVEJ K/S
Established
1993
Company form
Limited partnership
Industry

About KORNVEJ K/S

KORNVEJ K/S (CVR number: 24250601) is a company from HERNING. The company recorded a gross profit of 149.4 kDKK in 2023. The operating profit was -8.5 kDKK, while net earnings were -42 kDKK. The profitability of the company measured by Return on Assets (ROA) was -0.1 %, which can be considered poor and Return on Equity (ROE) was -1.2 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 46 %, 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. KORNVEJ K/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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit351.55427.971 324.01407.24149.43
EBIT109.06185.481 168.48251.71-8.45
Net earnings23.49101.141 077.68149.53-42.01
Shareholders equity total2 067.922 169.073 246.743 396.283 354.27
Balance sheet total (assets)10 951.0110 460.939 620.879 784.417 296.14
Net debt3 363.943 254.79524.37543.2212.04
Profitability
EBIT-%
ROA1.0 %1.7 %11.6 %2.5 %-0.1 %
ROE1.1 %4.8 %39.8 %4.5 %-1.2 %
ROI1.5 %2.5 %15.2 %3.3 %-0.2 %
Economic value added (EVA)10.9386.861 065.04225.01-49.25
Solvency
Equity ratio18.9 %20.7 %33.7 %34.7 %46.0 %
Gearing163.2 %150.4 %96.7 %89.1 %0.4 %
Relative net indebtedness %
Liquidity
Quick ratio0.20.10.80.80.7
Current ratio0.20.10.80.80.7
Cash and cash equivalents10.338.502 614.932 483.55
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAAABBB

Variable visualization

ROA:-0.10%
Rating: 20/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:46.0%
Rating: 37/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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