KURLAND TRADING ApS — Credit Rating and Financial Key Figures

CVR number: 27031528
Formervangen 18, 2600 Glostrup
michael@kurlandtrading.com
tel: 20232820
www.kurlandtrading.com

Credit rating

Company information

Official name
KURLAND TRADING ApS
Personnel
2 persons
Established
2003
Company form
Private limited company
Industry

About KURLAND TRADING ApS

KURLAND TRADING ApS (CVR number: 27031528) is a company from ALBERTSLUND. The company recorded a gross profit of 733.3 kDKK in 2023. The operating profit was 277.1 kDKK, while net earnings were 173.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 2.1 %, which can be considered weak but Return on Equity (ROE) was 4.6 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 22.9 %, 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. KURLAND TRADING ApS's liquidity measured by quick ratio was 1.4 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit736.32721.31712.5576.57733.33
EBIT366.81174.67370.09- 482.98277.06
Net earnings227.2083.44164.56- 403.81173.08
Shareholders equity total3 870.873 954.324 118.883 715.073 888.15
Balance sheet total (assets)10 551.2410 697.049 813.688 871.5817 006.66
Net debt3 452.813 888.072 795.994 766.97191.91
Profitability
EBIT-%
ROA3.4 %1.6 %3.6 %-5.2 %2.1 %
ROE6.0 %2.1 %4.1 %-10.3 %4.6 %
ROI3.6 %1.7 %3.8 %-5.4 %2.2 %
Economic value added (EVA)126.71-20.62114.79- 583.99-76.28
Solvency
Equity ratio36.7 %37.0 %42.0 %41.9 %22.9 %
Gearing108.5 %111.1 %77.6 %133.3 %333.0 %
Relative net indebtedness %
Liquidity
Quick ratio0.30.30.50.31.4
Current ratio0.80.80.70.61.5
Cash and cash equivalents748.82504.96400.44186.2412 756.58
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingABBBBBBBBBBBB

Variable visualization

ROA:2.14%
Rating: 31/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:22.9%
Rating: 21/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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