S. Sørensen A/S — Credit Rating and Financial Key Figures

CVR number: 38185381
Auktionsgade 1, 7730 Hanstholm
sorensenseafood@gmail.com

Company information

Official name
S. Sørensen A/S
Personnel
13 persons
Established
2016
Company form
Limited company
Industry

About S. Sørensen A/S

S. Sørensen A/S (CVR number: 38185381) is a company from THISTED. The company recorded a gross profit of 8038.1 kDKK in 2023. The operating profit was 1864.8 kDKK, while net earnings were 1102 kDKK. The profitability of the company measured by Return on Assets (ROA) was 32.3 %, which can be considered excellent and Return on Equity (ROE) was 87.1 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 22.3 %, 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. S. Sørensen A/S's liquidity measured by quick ratio was 0.9 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.

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 profit138.31109.15-31.11702.148 038.06
EBIT-30.24109.15-31.11-77.521 864.75
Net earnings-1.5590.25-18.70- 125.121 102.00
Shareholders equity total767.06857.31838.61713.491 815.50
Balance sheet total (assets)802.92900.26875.113 640.578 154.42
Net debt- 429.20- 548.43- 523.121 796.213 156.96
Profitability
EBIT-%
ROA0.5 %14.5 %-1.8 %-2.7 %32.3 %
ROE-0.2 %11.1 %-2.2 %-16.1 %87.1 %
ROI0.6 %15.2 %-1.9 %-3.7 %50.8 %
Economic value added (EVA)-23.2868.16-39.79-76.551 411.78
Solvency
Equity ratio95.5 %95.2 %95.8 %19.6 %22.3 %
Gearing251.7 %173.9 %
Relative net indebtedness %
Liquidity
Quick ratio22.421.024.01.10.9
Current ratio22.421.024.01.21.0
Cash and cash equivalents429.20548.43523.12
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBA

Variable visualization

ROA:32.3%
Rating: 85/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:22.3%
Rating: 21/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer
Board member
Chairman of the board

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