KVORNING HOLDING ApS — Credit Rating and Financial Key Figures

CVR number: 28894473
Enghavevej 16, 8870 Langå
per.kvorning@mail.dk
tel: 25210420

Credit rating

Company information

Official name
KVORNING HOLDING ApS
Established
2005
Company form
Private limited company
Industry

About KVORNING HOLDING ApS

KVORNING HOLDING ApS (CVR number: 28894473) is a company from RANDERS. The company recorded a gross profit of 106.2 kDKK in 2024. The operating profit was 89.3 kDKK, while net earnings were 108.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 4.2 %, which can be considered decent and Return on Equity (ROE) was 5.2 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 64.5 %, 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. KVORNING HOLDING ApS's liquidity measured by quick ratio was 12.1 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit131.62116.29-6.7991.30106.20
EBIT111.5292.57-30.3274.4089.30
Net earnings178.37376.07- 104.09262.01108.41
Shareholders equity total2 238.542 164.621 865.832 068.942 116.35
Balance sheet total (assets)4 402.443 942.023 597.693 751.573 318.79
Net debt1 488.421 370.101 611.741 489.75482.32
Profitability
EBIT-%
ROA5.7 %10.6 %-1.8 %8.6 %4.2 %
ROE8.2 %17.1 %-5.2 %13.3 %5.2 %
ROI5.8 %10.8 %-1.8 %8.7 %4.3 %
Economic value added (EVA)-4.20-21.60-99.21-14.5034.44
Solvency
Equity ratio51.3 %55.2 %52.3 %55.9 %64.5 %
Gearing91.0 %74.7 %88.8 %76.2 %52.4 %
Relative net indebtedness %
Liquidity
Quick ratio0.81.00.60.512.1
Current ratio0.81.00.50.47.5
Cash and cash equivalents547.66247.7345.7086.84627.21
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:4.25%
Rating: 41/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:64.5%
Rating: 49/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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