K/S GLAMORGAN
Credit rating
Company information
About K/S GLAMORGAN
K/S GLAMORGAN (CVR number: 29612986) is a company from SILKEBORG. The company reported a net sales of 1.8 mDKK in 2023, demonstrating a decline of -0.3 % compared to the previous year. The operating profit percentage was at 83 % (EBIT: 1.5 mDKK), while net earnings were -246 kDKK. The profitability of the company measured by Return on Assets (ROA) was 4.4 %, which can be considered decent but Return on Equity (ROE) was -3.3 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 36.4 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. K/S GLAMORGAN's liquidity measured by quick ratio was 0.5 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 1 537.40 | 1 525.70 | 1 656.31 | 1 768.44 | 1 763.97 |
Gross profit | 1 537.40 | 1 525.70 | 1 656.31 | 1 768.44 | 1 763.97 |
EBIT | 1 298.20 | 1 269.28 | 1 379.51 | 1 288.34 | 1 463.33 |
Net earnings | -1 835.50 | 2 055.07 | - 766.07 | -29.97 | - 246.01 |
Shareholders equity total | 2 253.49 | 5 460.56 | 5 846.49 | 6 968.52 | 7 874.51 |
Balance sheet total (assets) | 41 380.02 | 43 484.32 | 45 668.96 | 45 365.97 | 22 056.14 |
Net debt | 29 982.21 | 27 326.70 | 39 466.32 | 25 085.53 | 11 085.22 |
Profitability | |||||
EBIT-% | 84.4 % | 83.2 % | 83.3 % | 72.9 % | 83.0 % |
ROA | 5.6 % | 9.3 % | 7.0 % | 8.7 % | 4.4 % |
ROE | -70.7 % | 53.3 % | -13.6 % | -0.5 % | -3.3 % |
ROI | 7.1 % | 12.2 % | 9.6 % | 12.0 % | 5.6 % |
Economic value added (EVA) | - 314.15 | - 311.65 | - 205.67 | - 351.47 | - 122.12 |
Solvency | |||||
Equity ratio | 5.5 % | 12.7 % | 12.9 % | 15.5 % | 36.4 % |
Gearing | 1350.5 % | 515.6 % | 687.5 % | 375.7 % | 152.3 % |
Relative net indebtedness % | 2515.6 % | 2438.0 % | 2360.3 % | 2109.2 % | 752.7 % |
Liquidity | |||||
Quick ratio | 0.0 | 0.1 | 0.0 | 0.1 | 0.5 |
Current ratio | 0.0 | 0.1 | 0.0 | 0.1 | 0.4 |
Cash and cash equivalents | 452.14 | 826.50 | 728.45 | 1 096.71 | 903.91 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | -636.7 % | -755.5 % | -1464.2 % | -681.6 % | -72.1 % |
Credit risk | |||||
Credit rating | BBB | A | BBB | A | A |
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