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Ivar Kvernrød Holding ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Ivar Kvernrød Holding ApS
Ivar Kvernrød Holding ApS (CVR number: 41122471) is a company from ROSKILDE. The company recorded a gross profit of -16.9 kDKK in 2024. The operating profit was -16.9 kDKK, while net earnings were 4034.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 46.9 %, which can be considered excellent and Return on Equity (ROE) was 48.3 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 78.6 %, 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. Ivar Kvernrød Holding ApS's liquidity measured by quick ratio was 0.5 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | -23.00 | -17.90 | -17.21 | -14.64 | -16.92 |
| EBIT | -23.00 | -17.90 | -17.21 | -14.64 | -16.92 |
| Net earnings | 1 192.93 | -33.32 | - 120.97 | - 105.64 | 4 034.51 |
| Shareholders equity total | 11 472.49 | 10 617.26 | 8 696.28 | 7 090.65 | 9 625.16 |
| Balance sheet total (assets) | 11 489.04 | 11 876.69 | 11 954.53 | 11 669.42 | 12 250.44 |
| Net debt | 1.96 | 1 215.28 | 2 587.20 | 4 452.76 | 2 094.25 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | -10.7 % | -0.2 % | -0.1 % | -0.1 % | 46.9 % |
| ROE | 10.4 % | -0.3 % | -1.3 % | -1.3 % | 48.3 % |
| ROI | 10.4 % | -0.2 % | -0.1 % | -0.1 % | 37.5 % |
| Economic value added (EVA) | -23.00 | - 594.49 | - 612.68 | - 575.94 | - 595.62 |
| Solvency | |||||
| Equity ratio | 99.9 % | 89.4 % | 72.7 % | 60.8 % | 78.6 % |
| Gearing | 0.0 % | 11.6 % | 29.8 % | 62.8 % | 21.8 % |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 30.9 | 0.3 | 0.1 | 0.0 | 0.5 |
| Current ratio | 30.9 | 0.3 | 0.1 | 0.0 | 0.5 |
| Cash and cash equivalents | 17.65 | 7.10 | 3.67 | 4.74 | |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BBB | A | BBB | BBB | BBB |
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