KONE A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About KONE A/S
KONE A/S (CVR number: 62953519) is a company from BALLERUP. The company reported a net sales of 531.8 mDKK in 2024, demonstrating a decline of -1.7 % compared to the previous year. The operating profit percentage was at 5.6 % (EBIT: 29.7 mDKK), while net earnings were 25.5 mDKK. The profitability of the company measured by Return on Assets (ROA) was 19.5 %, which can be considered excellent and Return on Equity (ROE) was 93.2 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 20.1 %, 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. 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.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 510.92 | 466.91 | 400.24 | 541.14 | 531.83 |
Gross profit | 25.31 | 194.57 | 206.55 | 206.84 | 231.41 |
EBIT | 24.99 | 23.10 | 28.90 | 20.24 | 29.72 |
Net earnings | 20.43 | 16.21 | 23.77 | 19.28 | 25.52 |
Shareholders equity total | 25.43 | 21.21 | 28.77 | 24.28 | 30.52 |
Balance sheet total (assets) | 234.78 | 187.13 | 200.92 | 178.22 | 161.61 |
Net debt | -7.77 | 19.68 | 13.63 | 14.32 | |
Profitability | |||||
EBIT-% | 4.9 % | 4.9 % | 7.2 % | 3.7 % | 5.6 % |
ROA | 12.0 % | 10.9 % | 15.0 % | 12.3 % | 19.5 % |
ROE | 91.1 % | 69.5 % | 95.1 % | 72.7 % | 93.2 % |
ROI | 12.0 % | 15.7 % | 46.3 % | 38.4 % | 59.7 % |
Economic value added (EVA) | 24.01 | 15.22 | 20.77 | 12.83 | 19.44 |
Solvency | |||||
Equity ratio | 100.0 % | 11.3 % | 18.2 % | 15.8 % | 20.1 % |
Gearing | 57.9 % | 68.6 % | 56.2 % | 47.0 % | |
Relative net indebtedness % | 31.2 % | 43.0 % | 28.4 % | 24.6 % | |
Liquidity | |||||
Quick ratio | 1.4 | 1.8 | 1.7 | 1.6 | |
Current ratio | 1.3 | 1.3 | 1.3 | 1.3 | |
Cash and cash equivalents | 20.05 | 0.04 | 0.01 | 0.03 | |
Capital use efficiency | |||||
Trade debtors turnover (days) | 29.4 | 32.6 | 26.5 | 29.8 | |
Net working capital % | 8.8 % | 10.8 % | 6.5 % | 7.2 % | |
Credit risk | |||||
Credit rating | BBB | BBB | A | A | BBB |
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