KURT POULSEN ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About KURT POULSEN ApS
KURT POULSEN ApS (CVR number: 24233669K) is a company from SVENDBORG. The company reported a net sales of 330.4 mDKK in 2023, demonstrating a growth of 3 % compared to the previous year. The operating profit percentage was at 28.2 % (EBIT: 93.3 mDKK), while net earnings were 78.5 mDKK. The profitability of the company measured by Return on Assets (ROA) was 10.2 %, which can be considered good but Return on Equity (ROE) was 31 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 51 %, 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. KURT POULSEN ApS'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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 320 603.03 | 330 370.02 | |||
Gross profit | 33 174.30 | 42 856.35 | 94 616.66 | 167 874.57 | 156 857.22 |
EBIT | 11 812.86 | 14 538.56 | 50 363.00 | 110 466.58 | 93 274.64 |
Net earnings | 58 619.08 | 35 775.88 | 72 756.28 | 110 731.91 | 78 460.27 |
Shareholders equity total | 284 143.58 | 319 823.82 | 388 102.55 | 502 689.30 | 579 340.19 |
Balance sheet total (assets) | 624 588.30 | 742 990.84 | 791 603.96 | 1 020 980.06 | 1 135 798.55 |
Net debt | 344 787.78 | 392 872.56 | 298 976.78 | 349 955.39 | 429 109.25 |
Profitability | |||||
EBIT-% | 34.5 % | 28.2 % | |||
ROA | 11.4 % | 6.1 % | 11.3 % | 15.3 % | 10.2 % |
ROE | 38.2 % | 22.4 % | 41.9 % | 52.9 % | 31.0 % |
ROI | 11.8 % | 6.7 % | 12.7 % | 17.4 % | 11.4 % |
Economic value added (EVA) | -10 191.17 | -10 559.78 | 12 394.73 | 60 524.55 | 38 256.06 |
Solvency | |||||
Equity ratio | 45.5 % | 43.0 % | 49.0 % | 49.2 % | 51.0 % |
Gearing | 109.9 % | 104.4 % | 78.4 % | 73.8 % | 74.4 % |
Relative net indebtedness % | 150.8 % | 160.0 % | |||
Liquidity | |||||
Quick ratio | 0.3 | 0.6 | 0.8 | 0.8 | 0.7 |
Current ratio | 0.7 | 1.0 | 1.3 | 1.4 | 1.2 |
Cash and cash equivalents | -32 472.39 | -59 057.07 | 5 275.36 | 21 058.57 | 2 203.35 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 29.0 | 21.9 | |||
Net working capital % | 17.4 % | 9.5 % | |||
Credit risk | |||||
Credit rating | AAA | AAA | AAA | AAA | AAA |
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