KRING Group A/S — Credit Rating and Financial Key Figures

CVR number: 30720776
Ragnagade 7, 2100 København Ø

Credit rating

Company information

Official name
KRING Group A/S
Personnel
1 person
Established
2007
Company form
Limited company
Industry

About KRING Group A/S

KRING Group A/S (CVR number: 30720776) is a company from KØBENHAVN. The company recorded a gross profit of 154.1 kDKK in 2024. The operating profit was 7.6 kDKK, while net earnings were 464.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 6 %, which can be considered decent but Return on Equity (ROE) was 10.5 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 37 %, 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. KRING Group A/S's liquidity measured by quick ratio was 1 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
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit196.00132.00-28.00- 583.00154.12
EBIT-43.00-10.00- 168.00- 725.007.56
Net earnings22.00-17.00- 212.003 820.00464.74
Shareholders equity total585.00569.00357.004 177.004 641.74
Balance sheet total (assets)1 367.003 347.005 990.0011 946.0012 543.70
Net debt342.001 968.003 631.001 807.002 269.65
Profitability
EBIT-%
ROA2.7 %2.0 %-0.7 %45.8 %6.0 %
ROE3.8 %-2.9 %-45.8 %168.5 %10.5 %
ROI3.2 %1.7 %-0.8 %72.2 %11.1 %
Economic value added (EVA)-90.44-56.69- 299.84- 967.35- 312.83
Solvency
Equity ratio42.8 %17.0 %6.0 %35.0 %37.0 %
Gearing63.9 %346.9 %1300.6 %52.6 %49.1 %
Relative net indebtedness %
Liquidity
Quick ratio5.913.330.81.41.0
Current ratio5.913.330.81.41.0
Cash and cash equivalents32.006.001 012.00392.008.16
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:6.01%
Rating: 46/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:37.0%
Rating: 31/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Board member

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