KORFITS A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About KORFITS A/S
KORFITS A/S (CVR number: 28126492) is a company from ESBJERG. The company recorded a gross profit of -12 kDKK in 2022. The operating profit was -12 kDKK, while net earnings were -16 kDKK. The profitability of the company measured by Return on Assets (ROA) was -2.7 %, which can be considered poor and Return on Equity (ROE) was -3.6 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 97.7 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. KORFITS A/S's liquidity measured by quick ratio was 42.5 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2018 | 2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | -8.57 | -13.30 | -13.50 | -14.68 | -12.03 |
EBIT | -8.57 | -13.30 | -13.50 | -14.68 | -12.03 |
Net earnings | 240.21 | -74.97 | -15.56 | -28.27 | -16.05 |
Shareholders equity total | 568.31 | 493.42 | 477.09 | 448.81 | 432.76 |
Balance sheet total (assets) | 578.31 | 503.42 | 487.32 | 458.74 | 442.76 |
Net debt | - 303.05 | - 289.56 | - 277.96 | - 441.24 | - 421.93 |
Profitability | |||||
EBIT-% | |||||
ROA | 52.2 % | -13.7 % | -2.8 % | -5.2 % | -2.7 % |
ROE | 53.6 % | -14.1 % | -3.2 % | -6.1 % | -3.6 % |
ROI | 53.9 % | -13.9 % | -2.9 % | -5.3 % | -2.7 % |
Economic value added (EVA) | -23.34 | -2.48 | -5.68 | -6.76 | -3.99 |
Solvency | |||||
Equity ratio | 98.3 % | 98.0 % | 97.9 % | 97.8 % | 97.7 % |
Gearing | |||||
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 30.3 | 29.0 | 27.2 | 44.5 | 42.5 |
Current ratio | 32.7 | 31.3 | 29.1 | 46.2 | 44.3 |
Cash and cash equivalents | 303.05 | 289.56 | 277.96 | 441.24 | 421.93 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | A | BBB | BBB | B | B |
Variable visualization
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