Kornerup Holding A/S — Credit Rating and Financial Key Figures

Kornerup Holding A/S (CVR number: 35410686K) is a company from GLOSTRUP. The company reported a net sales of 618.6 mDKK in 2023, demonstrating a decline of -18.1 % compared to the previous year. The operating profit percentage was at 13.8 % (EBIT: 85.4 mDKK), while net earnings were 62.8 mDKK. The profitability of the company measured by Return on Assets (ROA) was 6.2 %, which can be considered decent but Return on Equity (ROE) was 12 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 33.2 %, 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. Kornerup Holding A/S's liquidity measured by quick ratio was 1.8 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.