SØRENS A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About SØRENS A/S
SØRENS A/S (CVR number: 29772061) is a company from AARHUS. The company recorded a gross profit of -152.3 kDKK in 2023. The operating profit was -152.3 kDKK, while net earnings were -1169.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 6.4 %, which can be considered decent but Return on Equity (ROE) was -2.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 98.3 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. SØRENS A/S's liquidity measured by quick ratio was 24.5 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | -37.54 | -75.47 | -61.92 | -69.93 | - 152.34 |
EBIT | -37.54 | -75.47 | -61.92 | -69.93 | - 152.34 |
Net earnings | 2 576.69 | 1 970.19 | - 547.56 | -2 720.40 | -1 169.73 |
Shareholders equity total | 45 962.50 | 47 877.39 | 47 273.33 | 44 495.73 | 43 267.10 |
Balance sheet total (assets) | 46 616.67 | 48 747.10 | 47 801.18 | 45 139.35 | 44 016.75 |
Net debt | -18 613.10 | -20 671.24 | -19 526.81 | -16 554.25 | -17 437.12 |
Profitability | |||||
EBIT-% | |||||
ROA | 7.0 % | 5.4 % | 3.6 % | 0.5 % | 6.4 % |
ROE | 5.8 % | 4.2 % | -1.2 % | -5.9 % | -2.7 % |
ROI | 7.1 % | 5.5 % | 3.6 % | 0.5 % | -2.6 % |
Economic value added (EVA) | -34.05 | -32.43 | -26.36 | -49.80 | - 135.92 |
Solvency | |||||
Equity ratio | 98.6 % | 98.2 % | 98.9 % | 98.6 % | 98.3 % |
Gearing | 0.5 % | 0.7 % | 1.1 % | 1.4 % | 1.7 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 29.0 | 24.2 | 38.1 | 27.1 | 24.5 |
Current ratio | 29.0 | 24.3 | 38.2 | 27.2 | 24.5 |
Cash and cash equivalents | 18 841.67 | 20 999.22 | 20 031.66 | 17 174.15 | 18 176.76 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | AA | AA | A | A | A |
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