KONE A/S — Credit Rating and Financial Key Figures

KONE A/S (CVR number: 62953519) is a company from BALLERUP. The company reported a net sales of 541.1 mDKK in 2023, demonstrating a growth of 35.2 % compared to the previous year. The operating profit percentage was at 3.7 % (EBIT: 20.2 mDKK), while net earnings were 19.3 mDKK. The profitability of the company measured by Return on Assets (ROA) was 12.3 %, which can be considered good but Return on Equity (ROE) was 72.7 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 15.8 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. KONE A/S's liquidity measured by quick ratio was 1.6 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.