KINGSPAN INSULATION ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About KINGSPAN INSULATION ApS
KINGSPAN INSULATION ApS (CVR number: 35891803) is a company from ROSKILDE. The company reported a net sales of 67.6 mDKK in 2023, demonstrating a decline of -5.5 % compared to the previous year. The operating profit percentage was at 1.7 % (EBIT: 1.1 mDKK), while net earnings were 727.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 5.9 %, which can be considered decent and Return on Equity (ROE) was 7.6 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 52.8 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. KINGSPAN INSULATION ApS's liquidity measured by quick ratio was 2.1 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 | 60.31 | 71.53 | 67.58 | ||
Gross profit | 4.73 | 8.60 | 12.04 | 5.64 | 8.39 |
EBIT | 0.98 | 3.64 | 7.95 | 0.39 | 1.13 |
Net earnings | 0.75 | 2.82 | 6.13 | 0.24 | 0.73 |
Shareholders equity total | 0.03 | 2.85 | 8.91 | 9.16 | 9.88 |
Balance sheet total (assets) | 1.61 | 11.81 | 22.09 | 19.64 | 18.73 |
Net debt | -0.72 | -4.31 | 3.60 | 5.29 | 4.37 |
Profitability | |||||
EBIT-% | 13.2 % | 0.5 % | 1.7 % | ||
ROA | 40.5 % | 54.3 % | 46.9 % | 1.9 % | 5.9 % |
ROE | 58.8 % | 195.7 % | 104.2 % | 2.7 % | 7.6 % |
ROI | 65.0 % | 164.9 % | 95.5 % | 2.8 % | 7.6 % |
Economic value added (EVA) | 0.91 | 2.90 | 6.30 | -0.17 | 0.37 |
Solvency | |||||
Equity ratio | 1.9 % | 24.1 % | 40.3 % | 46.6 % | 52.8 % |
Gearing | 1843.1 % | 12.6 % | 40.4 % | 57.8 % | 44.2 % |
Relative net indebtedness % | 21.8 % | 14.7 % | 13.1 % | ||
Liquidity | |||||
Quick ratio | 1.1 | 1.4 | 1.7 | 1.8 | 2.1 |
Current ratio | 1.1 | 1.4 | 1.7 | 1.9 | 2.2 |
Cash and cash equivalents | 1.30 | 4.67 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 62.1 | 66.9 | 55.8 | ||
Net working capital % | 15.5 % | 12.7 % | 13.6 % | ||
Credit risk | |||||
Credit rating | BBB | BBB | A | A | A |
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