KARSTEN CHRISTENSEN HOLDING FREDERICIA ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About KARSTEN CHRISTENSEN HOLDING FREDERICIA ApS
KARSTEN CHRISTENSEN HOLDING FREDERICIA ApS (CVR number: 30829581K) is a company from FREDERICIA. The company reported a net sales of 189.3 mDKK in 2023, demonstrating a growth of 0.7 % compared to the previous year. The operating profit percentage was at 1 % (EBIT: 2 mDKK), while net earnings were 2444 kDKK. The profitability of the company measured by Return on Assets (ROA) was 5.3 %, which can be considered decent and Return on Equity (ROE) was 5.6 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 62.8 %, 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. KARSTEN CHRISTENSEN HOLDING FREDERICIA ApS's liquidity measured by quick ratio was 1.2 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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 371.83 | 367.64 | 168.12 | 187.96 | 189.34 |
Gross profit | 40.60 | 56.60 | 17.15 | 19.43 | 17.56 |
EBIT | 7.44 | 23.40 | 1.03 | 2.56 | 1.97 |
Net earnings | 5.71 | 12.59 | 7.79 | 0.07 | 2.44 |
Shareholders equity total | 38.33 | 55.84 | 48.65 | 48.29 | 46.78 |
Balance sheet total (assets) | 74.72 | 88.98 | 70.22 | 72.71 | 74.53 |
Net debt | 18.79 | -18.03 | -16.97 | -6.16 | -1.98 |
Profitability | |||||
EBIT-% | 2.0 % | 6.4 % | 0.6 % | 1.4 % | 1.0 % |
ROA | 10.4 % | 28.9 % | 12.5 % | 4.1 % | 5.3 % |
ROE | 21.2 % | 36.5 % | 18.2 % | 0.2 % | 5.6 % |
ROI | 12.6 % | 37.4 % | 15.7 % | 4.6 % | 5.8 % |
Economic value added (EVA) | 4.22 | 14.81 | -0.53 | 1.19 | 0.82 |
Solvency | |||||
Equity ratio | 51.3 % | 62.8 % | 69.3 % | 66.4 % | 62.8 % |
Gearing | 56.8 % | 16.6 % | 25.6 % | 38.8 % | 44.9 % |
Relative net indebtedness % | 8.8 % | 1.6 % | -4.7 % | -0.2 % | 2.5 % |
Liquidity | |||||
Quick ratio | 0.5 | 1.6 | 1.8 | 1.6 | 1.2 |
Current ratio | 1.9 | 2.8 | 2.9 | 2.7 | 2.3 |
Cash and cash equivalents | 3.00 | 27.29 | 29.43 | 24.89 | 22.99 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 7.7 | 12.7 | 7.5 | 15.5 | 7.8 |
Net working capital % | 6.3 % | 11.9 % | 9.8 % | 15.0 % | 13.3 % |
Credit risk | |||||
Credit rating | AA | A | AA | A | AA |
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