KORFITS A/S — Credit Rating and Financial Key Figures

CVR number: 28126492
Storstrømsvej 44, 6715 Esbjerg N
tel: 70253800
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Company information

Official name
KORFITS A/S
Established
2004
Company form
Limited company
Industry

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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2018
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 earnings240.21-74.97-15.56-28.27-16.05
Shareholders equity total568.31493.42477.09448.81432.76
Balance sheet total (assets)578.31503.42487.32458.74442.76
Net debt- 303.05- 289.56- 277.96- 441.24- 421.93
Profitability
EBIT-%
ROA52.2 %-13.7 %-2.8 %-5.2 %-2.7 %
ROE53.6 %-14.1 %-3.2 %-6.1 %-3.6 %
ROI53.9 %-13.9 %-2.9 %-5.3 %-2.7 %
Economic value added (EVA)-23.34-2.48-5.68-6.76-3.99
Solvency
Equity ratio98.3 %98.0 %97.9 %97.8 %97.7 %
Gearing
Relative net indebtedness %
Liquidity
Quick ratio30.329.027.244.542.5
Current ratio32.731.329.146.244.3
Cash and cash equivalents303.05289.56277.96441.24421.93
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingABBBBBBBB

Variable visualization

ROA:-2.67%
Rating: 17/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:97.7%
Rating: 79/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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