KUNSTSTOF-KEMI. SKANDINAVIA A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About KUNSTSTOF-KEMI. SKANDINAVIA A/S
KUNSTSTOF-KEMI. SKANDINAVIA A/S (CVR number: 46198816) is a company from MORSØ. The company reported a net sales of 522.8 mDKK in 2023, demonstrating a decline of -6.4 % compared to the previous year. The operating profit percentage was at 8.5 % (EBIT: 44.3 mDKK), while net earnings were 41.5 mDKK. The profitability of the company measured by Return on Assets (ROA) was 9 %, which can be considered good but Return on Equity (ROE) was 7.8 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 92 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. KUNSTSTOF-KEMI. SKANDINAVIA A/S's liquidity measured by quick ratio was 9.2 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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 500.03 | 515.10 | 686.00 | 558.31 | 522.79 |
Gross profit | 86.43 | 126.83 | 126.83 | 80.60 | 76.32 |
EBIT | 62.68 | 65.37 | 97.99 | 51.92 | 44.29 |
Net earnings | 48.38 | 51.24 | 77.36 | 44.15 | 41.45 |
Shareholders equity total | 438.94 | 466.08 | 517.84 | 523.39 | 542.74 |
Balance sheet total (assets) | 468.94 | 484.63 | 556.91 | 608.16 | 590.15 |
Net debt | - 131.66 | - 139.96 | - 104.31 | - 213.38 | - 226.83 |
Profitability | |||||
EBIT-% | 12.5 % | 12.7 % | 14.3 % | 9.3 % | 8.5 % |
ROA | 14.0 % | 14.1 % | 19.5 % | 9.6 % | 9.0 % |
ROE | 11.3 % | 11.3 % | 15.7 % | 8.5 % | 7.8 % |
ROI | 14.7 % | 14.6 % | 19.9 % | 10.0 % | 9.6 % |
Economic value added (EVA) | 33.96 | 35.86 | 59.89 | 22.22 | 21.44 |
Solvency | |||||
Equity ratio | 93.6 % | 96.2 % | 93.0 % | 86.1 % | 92.0 % |
Gearing | 0.6 % | 0.7 % | 3.5 % | 8.9 % | 0.2 % |
Relative net indebtedness % | -22.0 % | -25.2 % | -13.0 % | -32.1 % | -35.4 % |
Liquidity | |||||
Quick ratio | 10.4 | 20.8 | 9.2 | 4.9 | 9.2 |
Current ratio | 17.0 | 33.1 | 16.8 | 7.2 | 14.1 |
Cash and cash equivalents | 134.32 | 143.13 | 122.46 | 259.86 | 227.88 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 67.5 | 72.2 | 62.9 | 54.1 | 59.6 |
Net working capital % | 74.0 % | 77.7 % | 65.5 % | 80.2 % | 89.5 % |
Credit risk | |||||
Credit rating | A | A | A | AA | A |
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