Credit rating
Company information
About KALUNDBORG FORSYNING A/S
KALUNDBORG FORSYNING A/S (CVR number: 31775078) is a company from KALUNDBORG. The company reported a net sales of 89.1 mDKK in 2023, demonstrating a growth of 12.5 % compared to the previous year. The operating profit percentage was poor at -0.9 % (EBIT: -0.8 mDKK), while net earnings were -198 kDKK. The profitability of the company measured by Return on Assets (ROA) was 0.1 %, which can be considered weak but Return on Equity (ROE) was -2.9 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 22.2 %, 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. KALUNDBORG FORSYNING A/S's liquidity measured by quick ratio was 1 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 59.84 | 61.81 | 68.63 | 79.21 | 89.08 |
Gross profit | 32.66 | 26.95 | 31.82 | 34.21 | 40.31 |
EBIT | -2.53 | -1.67 | -1.66 | -0.42 | -0.82 |
Net earnings | -0.00 | -0.01 | 0.41 | -0.35 | -0.20 |
Shareholders equity total | 7.34 | 7.33 | 7.74 | 6.99 | 6.79 |
Balance sheet total (assets) | 31.15 | 20.84 | 54.83 | 21.45 | 30.52 |
Net debt | -1.34 | -2.04 | 31.63 | 2.56 | 2.23 |
Profitability | |||||
EBIT-% | -4.2 % | -2.7 % | -2.4 % | -0.5 % | -0.9 % |
ROA | -7.0 % | -5.2 % | -3.7 % | 0.3 % | 0.1 % |
ROE | -0.0 % | -0.1 % | 5.4 % | -4.8 % | -2.9 % |
ROI | -10.3 % | -8.1 % | -4.8 % | 0.4 % | 0.1 % |
Economic value added (EVA) | -2.15 | -1.32 | -1.91 | -0.48 | -1.11 |
Solvency | |||||
Equity ratio | 23.6 % | 35.2 % | 14.1 % | 32.6 % | 22.2 % |
Gearing | 175.3 % | 10.2 % | 494.6 % | 54.0 % | 169.3 % |
Relative net indebtedness % | 16.1 % | 17.3 % | 58.9 % | 16.7 % | 16.2 % |
Liquidity | |||||
Quick ratio | 1.0 | 1.3 | 0.4 | 0.9 | 1.0 |
Current ratio | 1.0 | 1.3 | 0.4 | 0.9 | 1.0 |
Cash and cash equivalents | 14.21 | 2.79 | 6.65 | 1.22 | 9.26 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 1.8 | 1.7 | 0.3 | 7.6 | 5.9 |
Net working capital % | 1.7 % | 4.7 % | -37.9 % | -2.2 % | 0.6 % |
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BBB | BBB |
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