KVERNELAND GROUP KERTEMINDE A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About KVERNELAND GROUP KERTEMINDE A/S
KVERNELAND GROUP KERTEMINDE A/S (CVR number: 35152113) is a company from KERTEMINDE. The company reported a net sales of 996.8 mDKK in 2023, demonstrating a decline of -8.1 % compared to the previous year. The operating profit percentage was at 2.1 % (EBIT: 20.6 mDKK), while net earnings were 15.7 mDKK. The profitability of the company measured by Return on Assets (ROA) was 3.7 %, which can be considered weak but Return on Equity (ROE) was 5.8 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 47.7 %, 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. KVERNELAND GROUP KERTEMINDE A/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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 811.64 | 774.14 | 924.97 | 1 085.11 | 996.83 |
Gross profit | 67.68 | 62.08 | 115.75 | 128.47 | 68.77 |
EBIT | 21.45 | 41.02 | 63.83 | 74.98 | 20.65 |
Net earnings | 11.99 | 30.14 | 48.87 | 57.80 | 15.71 |
Shareholders equity total | 124.22 | 154.35 | 203.22 | 261.02 | 276.73 |
Balance sheet total (assets) | 534.02 | 444.56 | 461.63 | 633.10 | 580.27 |
Net debt | 177.78 | 166.97 | |||
Profitability | |||||
EBIT-% | 2.6 % | 5.3 % | 6.9 % | 6.9 % | 2.1 % |
ROA | 4.1 % | 8.4 % | 14.1 % | 13.9 % | 3.7 % |
ROE | 10.1 % | 21.6 % | 27.3 % | 24.9 % | 5.8 % |
ROI | 4.9 % | 8.4 % | 14.1 % | 16.5 % | 4.9 % |
Economic value added (EVA) | 16.69 | 34.77 | 56.07 | 48.04 | 5.20 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 41.2 % | 47.7 % |
Gearing | 68.1 % | 60.3 % | |||
Relative net indebtedness % | 32.4 % | 28.2 % | |||
Liquidity | |||||
Quick ratio | 0.9 | 0.7 | |||
Current ratio | 1.5 | 1.7 | |||
Cash and cash equivalents | |||||
Capital use efficiency | |||||
Trade debtors turnover (days) | 4.5 | 3.5 | |||
Net working capital % | 16.8 % | 20.0 % | |||
Credit risk | |||||
Credit rating | A | A | A | AAA | AAA |
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