2 K DENMARK A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About 2 K DENMARK A/S
2 K DENMARK A/S (CVR number: 10810299) is a company from AARHUS. The company recorded a gross profit of 4535.4 kDKK in 2023. The operating profit was -300 kDKK, while net earnings were -228.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was -10.4 %, which can be considered poor and Return on Equity (ROE) was -27.2 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 22.5 %, 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. 2 K DENMARK A/S's liquidity measured by quick ratio was 1.4 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 3 539.31 | 4 664.20 | 4 759.31 | 4 931.36 | 4 535.38 |
EBIT | - 377.50 | 379.47 | 278.19 | 521.57 | - 300.00 |
Net earnings | - 299.99 | 292.50 | 206.90 | 403.73 | - 228.77 |
Shareholders equity total | 425.79 | 718.29 | 925.19 | 1 078.92 | 600.15 |
Balance sheet total (assets) | 2 404.40 | 2 046.67 | 3 114.26 | 2 595.56 | 2 661.77 |
Net debt | - 491.25 | - 716.49 | -1 657.63 | -1 003.21 | - 969.43 |
Profitability | |||||
EBIT-% | |||||
ROA | -15.7 % | 17.1 % | 10.8 % | 18.6 % | -10.4 % |
ROE | -52.1 % | 51.1 % | 25.2 % | 40.3 % | -27.2 % |
ROI | -41.4 % | 52.4 % | 27.9 % | 38.5 % | -22.4 % |
Economic value added (EVA) | - 310.73 | 314.19 | 216.79 | 443.63 | - 237.80 |
Solvency | |||||
Equity ratio | 23.4 % | 35.1 % | 29.7 % | 41.6 % | 22.5 % |
Gearing | 69.7 % | 0.2 % | |||
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 1.5 | 1.4 | 1.6 | 2.3 | 1.4 |
Current ratio | 1.1 | 1.4 | 1.6 | 2.3 | 1.4 |
Cash and cash equivalents | 787.90 | 717.86 | 1 657.63 | 1 003.21 | 969.43 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | A | A | A | BBB |
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