KORSGAARD REVISION A/S — Credit Rating and Financial Key Figures

CVR number: 13835640
Algade 2, 5750 Ringe
ak@korsgaardrevision.dk
tel: 62624915
www.korsgaardrevision.dk

Credit rating

Company information

Official name
KORSGAARD REVISION A/S
Personnel
10 persons
Established
1990
Company form
Limited company
Industry

About KORSGAARD REVISION A/S

KORSGAARD REVISION A/S (CVR number: 13835640) is a company from FAABORG-MIDTFYN. The company recorded a gross profit of 4564.7 kDKK in 2023. The operating profit was 892.7 kDKK, while net earnings were 602.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 20 %, which can be considered excellent and Return on Equity (ROE) was 20.1 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 65.2 %, 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. KORSGAARD REVISION A/S's liquidity measured by quick ratio was 2.4 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit3 878.304 147.694 488.574 656.324 564.66
EBIT764.16807.50882.31809.84892.73
Net earnings544.77573.88695.00583.36602.11
Shareholders equity total2 927.272 671.152 866.142 949.513 051.62
Balance sheet total (assets)4 207.224 601.844 468.984 374.104 680.83
Net debt732.57- 577.69441.10546.42767.54
Profitability
EBIT-%
ROA18.8 %18.4 %19.5 %18.5 %20.0 %
ROE18.8 %20.5 %25.1 %20.1 %20.1 %
ROI22.4 %24.8 %28.5 %23.6 %24.4 %
Economic value added (EVA)411.51470.07626.56480.92500.72
Solvency
Equity ratio69.6 %58.0 %64.1 %67.4 %65.2 %
Gearing26.3 %4.9 %16.9 %20.6 %26.9 %
Relative net indebtedness %
Liquidity
Quick ratio2.82.12.42.62.4
Current ratio2.82.12.42.62.4
Cash and cash equivalents36.02707.6144.1260.4452.78
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:20.0%
Rating: 74/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:65.2%
Rating: 50/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

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