KK Wind Solutions Holding A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About KK Wind Solutions Holding A/S
KK Wind Solutions Holding A/S (CVR number: 39067048K) is a company from IKAST-BRANDE. The company reported a net sales of 5486.1 mDKK in 2023, demonstrating a growth of 112.5 % compared to the previous year. The operating profit percentage was poor at -0 % (EBIT: -0.9 mDKK), while net earnings were -163.8 mDKK. The profitability of the company measured by Return on Assets (ROA) was 1.1 %, which can be considered weak but Return on Equity (ROE) was -9.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 29.4 %, 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. KK Wind Solutions Holding A/S's liquidity measured by quick ratio was 0.8 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 671.55 | 2 579.69 | 2 550.15 | 2 581.24 | 5 486.05 |
Gross profit | 90.93 | 463.83 | 492.08 | 381.44 | 817.87 |
EBIT | -85.73 | 114.82 | 93.33 | -95.19 | -0.90 |
Net earnings | -74.19 | 34.80 | 28.31 | - 142.54 | - 163.82 |
Shareholders equity total | 1 396.53 | 1 419.66 | 1 444.80 | 1 291.84 | 2 071.20 |
Balance sheet total (assets) | 3 354.85 | 3 769.88 | 3 886.73 | 5 291.59 | 7 040.86 |
Net debt | 976.83 | 1 010.92 | 1 164.67 | 2 633.55 | 2 042.45 |
Profitability | |||||
EBIT-% | -12.8 % | 4.5 % | 3.7 % | -3.7 % | -0.0 % |
ROA | -5.1 % | 3.2 % | 2.6 % | -2.0 % | 1.1 % |
ROE | -10.6 % | 2.5 % | 2.0 % | -10.4 % | -9.7 % |
ROI | -6.1 % | 3.9 % | 3.1 % | -2.3 % | 1.4 % |
Economic value added (EVA) | -64.68 | -37.11 | -55.98 | - 212.56 | - 142.50 |
Solvency | |||||
Equity ratio | 41.6 % | 37.7 % | 37.2 % | 24.4 % | 29.4 % |
Gearing | 79.2 % | 88.3 % | 100.7 % | 219.4 % | 128.5 % |
Relative net indebtedness % | 225.6 % | 68.4 % | 71.8 % | 135.0 % | 73.0 % |
Liquidity | |||||
Quick ratio | 1.1 | 1.1 | 1.0 | 1.0 | 0.8 |
Current ratio | 1.7 | 1.6 | 1.5 | 1.3 | 1.5 |
Cash and cash equivalents | 129.88 | 241.94 | 290.87 | 201.33 | 619.88 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 189.3 | 58.9 | 39.3 | 58.2 | 44.7 |
Net working capital % | 55.2 % | 15.7 % | 13.9 % | 21.0 % | 16.6 % |
Credit risk | |||||
Credit rating | BBB | AAA | AAA | A | A |
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