KORN A/S — Credit Rating and Financial Key Figures

CVR number: 44327279
Strandvejen 36, 8000 Aarhus C

Credit rating

Company information

Official name
KORN A/S
Established
2023
Company form
Limited company
Industry
  • Expand more icon642120

About KORN A/S

KORN A/S (CVR number: 44327279K) is a company from AARHUS. The company recorded a gross profit of 32.4 mDKK in 2024. The operating profit was 26.2 mDKK, while net earnings were 13.6 mDKK. The profitability of the company measured by Return on Assets (ROA) was 20.5 %, which can be considered excellent and Return on Equity (ROE) was 19.6 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 85.1 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. KORN A/S's liquidity measured by quick ratio was 4.2 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
2022
2023
2024
Volume
Net sales
Gross profit20 334.0039 238.3132 389.95
EBIT16 379.0033 843.7926 162.74
Net earnings14 749.0029 307.8813 571.84
Shareholders equity total66 180.0087 144.7086 051.40
Balance sheet total (assets)218 523.00191 775.04101 063.20
Net debt-29 704.07-40 515.83
Profitability
EBIT-%
ROA7.5 %20.0 %20.5 %
ROE22.3 %42.0 %19.6 %
ROI7.5 %26.7 %34.1 %
Economic value added (EVA)16 379.0023 619.5415 174.20
Solvency
Equity ratio100.0 %45.4 %85.1 %
Gearing0.2 %2.7 %
Relative net indebtedness %
Liquidity
Quick ratio0.54.2
Current ratio1.65.2
Cash and cash equivalents29 889.6142 871.71
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBAA

Variable visualization

ROA:20.5%
Rating: 75/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:85.1%
Rating: 65/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Chief executive officer
Chief executive officer

Companies in the same industry

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