Credit rating
Company information
About FRITRANS ApS
FRITRANS ApS (CVR number: 17696947) is a company from SVENDBORG. The company reported a net sales of 1.6 mDKK in 2022, demonstrating a decline of -8.4 % compared to the previous year. The operating profit percentage was at 1 % (EBIT: 0 mDKK), while net earnings were 7.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 0.8 %, which can be considered weak and Return on Equity (ROE) was 0.5 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 79.5 %, 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. FRITRANS ApS's liquidity measured by quick ratio was 1.7 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 financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2018 | 2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 1 768.50 | 1 798.38 | 2 133.52 | 1 749.31 | 1 601.74 |
Gross profit | 1 126.61 | 1 138.71 | 1 338.22 | 1 075.05 | 877.63 |
EBIT | 302.35 | 343.83 | 482.03 | 151.48 | 16.33 |
Net earnings | 230.86 | 263.77 | 369.03 | 111.87 | 7.95 |
Shareholders equity total | 1 092.17 | 1 305.93 | 1 624.96 | 1 680.33 | 1 631.08 |
Balance sheet total (assets) | 1 567.94 | 1 651.69 | 2 220.19 | 2 174.05 | 2 051.35 |
Net debt | - 472.86 | - 538.57 | - 727.77 | - 242.91 | - 128.84 |
Profitability | |||||
EBIT-% | 17.1 % | 19.1 % | 22.6 % | 8.7 % | 1.0 % |
ROA | 20.2 % | 21.4 % | 25.0 % | 6.9 % | 0.8 % |
ROE | 23.3 % | 22.0 % | 25.2 % | 6.8 % | 0.5 % |
ROI | 27.5 % | 26.5 % | 30.8 % | 8.6 % | 0.9 % |
Economic value added (EVA) | 196.70 | 232.86 | 331.56 | 70.52 | -59.54 |
Solvency | |||||
Equity ratio | 69.7 % | 79.1 % | 73.2 % | 77.3 % | 79.5 % |
Gearing | 0.0 % | 0.0 % | 1.3 % | 1.3 % | 2.6 % |
Relative net indebtedness % | -5.8 % | -15.8 % | -11.6 % | 7.3 % | 8.8 % |
Liquidity | |||||
Quick ratio | 2.0 | 3.8 | 1.9 | 1.1 | 1.7 |
Current ratio | 2.0 | 3.8 | 1.9 | 1.1 | 1.7 |
Cash and cash equivalents | 473.25 | 538.95 | 749.59 | 264.73 | 170.59 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 20.4 | 37.6 | 19.7 | 25.4 | 68.7 |
Net working capital % | 20.8 % | 39.0 % | 21.7 % | 1.6 % | 14.3 % |
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BB | BB |
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