Kung Sawaddee ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Kung Sawaddee ApS
Kung Sawaddee ApS (CVR number: 37753750) is a company from KOLDING. The company reported a net sales of 2.5 mDKK in 2023, demonstrating a growth of 14.9 % compared to the previous year. The operating profit percentage was at 1.5 % (EBIT: 0 mDKK), while net earnings were 30.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 10.2 %, which can be considered good but Return on Equity (ROE) was 18.5 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 20.4 %, 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. Kung Sawaddee ApS's liquidity measured by quick ratio was 1.2 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 1 478.93 | 2 122.11 | 2 197.43 | 2 211.25 | 2 541.49 |
Gross profit | 870.73 | 1 370.92 | 1 403.86 | 1 398.11 | 1 569.38 |
EBIT | 145.67 | 49.75 | 129.72 | 61.52 | 39.00 |
Net earnings | 113.63 | 38.37 | 99.13 | 45.88 | 30.42 |
Shareholders equity total | 165.60 | 103.97 | 203.10 | 248.98 | 79.40 |
Balance sheet total (assets) | 379.18 | 316.94 | 389.15 | 377.05 | 388.78 |
Net debt | - 323.88 | - 267.35 | - 328.67 | - 367.14 | - 230.50 |
Profitability | |||||
EBIT-% | 9.8 % | 2.3 % | 5.9 % | 2.8 % | 1.5 % |
ROA | 57.4 % | 14.3 % | 36.7 % | 16.1 % | 10.2 % |
ROE | 104.5 % | 28.5 % | 64.6 % | 20.3 % | 18.5 % |
ROI | 111.3 % | 28.2 % | 64.7 % | 24.7 % | 16.3 % |
Economic value added (EVA) | 119.01 | 51.11 | 114.34 | 57.14 | 36.36 |
Solvency | |||||
Equity ratio | 43.7 % | 32.8 % | 52.2 % | 66.0 % | 20.4 % |
Gearing | 21.9 % | 45.8 % | 22.8 % | 188.0 % | |
Relative net indebtedness % | -9.9 % | -4.8 % | -8.6 % | -10.8 % | -2.8 % |
Liquidity | |||||
Quick ratio | 1.8 | 1.5 | 2.1 | 2.9 | 1.2 |
Current ratio | 1.8 | 1.5 | 2.1 | 2.9 | 1.3 |
Cash and cash equivalents | 360.17 | 314.94 | 375.05 | 367.14 | 379.78 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 4.2 | ||||
Net working capital % | 11.2 % | 4.9 % | 9.2 % | 11.3 % | 3.1 % |
Credit risk | |||||
Credit rating | BBB | BB | BB | BB | BB |
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