KRONE FINANS A/S — Credit Rating and Financial Key Figures

CVR number: 20601248
Kilen 5, Bovmark 6330 Padborg
karen.thomas@krone.dk
tel: 73115024

Company information

Official name
KRONE FINANS A/S
Established
1998
Domicile
Bovmark
Company form
Limited company
Industry

About KRONE FINANS A/S

KRONE FINANS A/S (CVR number: 20601248) is a company from AABENRAA. The company reported a net sales of 113 mDKK in 2024, demonstrating a growth of 51.3 % compared to the previous year. The operating profit percentage was at 98.6 % (EBIT: 111.5 mDKK), while net earnings were 24.2 mDKK. The profitability of the company measured by Return on Assets (ROA) was 5 %, which can be considered decent and Return on Equity (ROE) was 6.7 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 16.8 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. KRONE FINANS 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

Net sales (mDKK)

EBIT (mDKK)

Profitability

Solidity

Key figures (mDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales39.4037.4338.4974.69113.02
Gross profit36.6435.7536.9573.28111.49
EBIT36.6435.7536.9573.28111.49
Net earnings14.6214.5815.8326.3824.18
Shareholders equity total291.45306.03321.86348.24372.42
Balance sheet total (assets)1 401.241 467.951 562.522 221.632 218.37
Net debt150.74308.45343.28533.911 782.74
Profitability
EBIT-%93.0 %95.5 %96.0 %98.1 %98.6 %
ROA2.5 %2.5 %2.5 %3.9 %5.0 %
ROE5.1 %4.9 %5.0 %7.9 %6.7 %
ROI2.6 %2.5 %2.5 %4.0 %5.2 %
Economic value added (EVA)15.7516.1615.4440.9969.47
Solvency
Equity ratio20.8 %20.8 %20.6 %15.7 %16.8 %
Gearing71.7 %113.8 %106.7 %153.3 %478.7 %
Relative net indebtedness %2669.3 %2998.1 %3223.5 %2508.0 %1633.3 %
Liquidity
Quick ratio0.20.10.20.01.0
Current ratio0.20.10.20.01.0
Cash and cash equivalents58.2239.730.040.080.04
Capital use efficiency
Trade debtors turnover (days)
Net working capital %-469.5 %-842.3 %-828.5 %-801.6 %10.1 %
Credit risk
Credit ratingAAAAAA

Variable visualization

ROA:5.02%
Rating: 43/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:16.8%
Rating: 16/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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