Kring Nord ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Kring Nord ApS
Kring Nord ApS (CVR number: 41587237) is a company from VORDINGBORG. The company reported a net sales of 0.5 mDKK in 2024, demonstrating a growth of 45.6 % compared to the previous year. The operating profit percentage was at 11.8 % (EBIT: 0.1 mDKK), while net earnings were 55.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 96.2 %, which can be considered excellent and Return on Equity (ROE) was 198.9 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 62.6 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. Kring Nord ApS's liquidity measured by quick ratio was 1.2 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 financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|
Volume | ||||
Net sales | 737.75 | 328.41 | 357.18 | 519.99 |
Gross profit | 418.49 | 120.59 | 126.92 | 307.28 |
EBIT | 33.33 | -43.85 | -11.27 | 61.28 |
Net earnings | 24.89 | -49.61 | -15.12 | 55.34 |
Shareholders equity total | 64.89 | 15.28 | 0.16 | 55.50 |
Balance sheet total (assets) | 167.06 | 44.60 | 38.81 | 88.62 |
Net debt | - 167.06 | -44.60 | -38.81 | -37.29 |
Profitability | ||||
EBIT-% | 4.5 % | -13.4 % | -3.2 % | 11.8 % |
ROA | 19.9 % | -41.4 % | -27.0 % | 96.2 % |
ROE | 38.4 % | -123.8 % | -195.9 % | 198.9 % |
ROI | 51.4 % | -109.4 % | -146.0 % | 220.2 % |
Economic value added (EVA) | 25.70 | -38.72 | -8.55 | 60.67 |
Solvency | ||||
Equity ratio | 38.8 % | 34.3 % | 0.4 % | 62.6 % |
Gearing | ||||
Relative net indebtedness % | -8.8 % | -4.7 % | -0.0 % | -0.8 % |
Liquidity | ||||
Quick ratio | 1.6 | 1.5 | 1.0 | 1.2 |
Current ratio | 1.6 | 1.5 | 1.0 | 1.2 |
Cash and cash equivalents | 167.06 | 44.60 | 38.81 | 37.29 |
Capital use efficiency | ||||
Trade debtors turnover (days) | ||||
Net working capital % | 8.8 % | 4.7 % | 0.0 % | 1.3 % |
Credit risk | ||||
Credit rating | BB | BB | BB | B |
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