K/S AIRPROPERTY — Credit Rating and Financial Key Figures
Credit rating
Company information
About K/S AIRPROPERTY
K/S AIRPROPERTY (CVR number: 15386878) is a company from TÅRNBY. The company reported a net sales of 0.4 mDKK in 2023, demonstrating a growth of 7.6 % compared to the previous year. The operating profit percentage was at 62.1 % (EBIT: 0.3 mDKK), while net earnings were 257.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 15.4 %, which can be considered excellent and Return on Equity (ROE) was 19.6 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 76.8 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. K/S AIRPROPERTY's liquidity measured by quick ratio was 2.2 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 (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 384.76 | 386.45 | 338.14 | 394.32 | 424.16 |
Gross profit | 349.88 | 182.19 | 221.69 | 192.67 | 363.26 |
EBIT | 335.97 | 96.75 | 126.32 | 1 192.67 | 263.26 |
Net earnings | 320.68 | 82.82 | 109.74 | 1 174.75 | 257.88 |
Shareholders equity total | - 181.95 | -99.13 | 10.61 | 1 185.36 | 1 443.23 |
Balance sheet total (assets) | 280.54 | 438.00 | 523.59 | 1 659.14 | 1 878.39 |
Net debt | -99.73 | - 342.63 | - 483.34 | - 155.47 | - 508.74 |
Profitability | |||||
EBIT-% | 87.3 % | 25.0 % | 37.4 % | 302.5 % | 62.1 % |
ROA | 75.4 % | 19.4 % | 23.8 % | 109.3 % | 15.4 % |
ROE | 126.6 % | 23.1 % | 48.9 % | 196.5 % | 19.6 % |
ROI | 2380.9 % | 199.4 % | 20.7 % | ||
Economic value added (EVA) | 347.72 | 110.90 | 148.52 | 1 216.42 | 211.51 |
Solvency | |||||
Equity ratio | -39.3 % | -18.5 % | 2.0 % | 74.8 % | 76.8 % |
Gearing | |||||
Relative net indebtedness % | 85.9 % | 50.3 % | 8.8 % | 80.7 % | -17.3 % |
Liquidity | |||||
Quick ratio | 0.2 | 0.6 | 1.0 | 1.6 | 2.2 |
Current ratio | 0.2 | 0.6 | 1.0 | 1.4 | 2.2 |
Cash and cash equivalents | 99.73 | 342.63 | 483.34 | 155.47 | 508.74 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 43.5 | 96.0 | 52.7 | ||
Net working capital % | -85.9 % | -50.3 % | 3.1 % | 47.0 % | 128.1 % |
Credit risk | |||||
Credit rating | BB | BB | BB | BBB | A |
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