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KRAGES BAGERI ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About KRAGES BAGERI ApS
KRAGES BAGERI ApS (CVR number: 21409480) is a company from FREDERIKSHAVN. The company recorded a gross profit of 4296 kDKK in 2024. The operating profit was -84.6 kDKK, while net earnings were -85 kDKK. The profitability of the company measured by Return on Assets (ROA) was -1.9 %, which can be considered poor and Return on Equity (ROE) was -5.2 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 45.5 %, 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. KRAGES BAGERI ApS's liquidity measured by quick ratio was 1.7 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 financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | 6 304.47 | 5 952.76 | 5 948.21 | 6 201.94 | 4 295.99 |
| EBIT | 584.25 | 279.95 | 171.04 | 29.49 | -84.65 |
| Net earnings | 414.74 | 171.53 | 95.07 | 0.86 | -85.01 |
| Shareholders equity total | 1 752.67 | 1 811.20 | 1 791.87 | 1 674.94 | 1 589.92 |
| Balance sheet total (assets) | 5 042.12 | 4 742.19 | 4 554.29 | 4 084.03 | 3 494.90 |
| Net debt | 1 212.63 | 1 011.79 | 1 102.30 | 1 199.62 | 1 043.75 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 11.8 % | 5.7 % | 3.7 % | 1.0 % | -1.9 % |
| ROE | 25.9 % | 9.6 % | 5.3 % | 0.0 % | -5.2 % |
| ROI | 15.6 % | 7.3 % | 4.6 % | 1.2 % | -2.2 % |
| Economic value added (EVA) | 273.08 | 23.71 | -57.45 | - 156.73 | - 231.83 |
| Solvency | |||||
| Equity ratio | 34.8 % | 38.2 % | 39.3 % | 41.0 % | 45.5 % |
| Gearing | 120.0 % | 108.5 % | 106.8 % | 95.8 % | 97.9 % |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 1.0 | 1.0 | 1.0 | 0.9 | 1.7 |
| Current ratio | 1.5 | 1.7 | 1.8 | 1.9 | 2.6 |
| Cash and cash equivalents | 891.38 | 952.81 | 811.79 | 404.86 | 512.43 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BBB | BBB | BBB | BB | BB |
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