Farrington Patents ApS
Credit rating
Company information
About Farrington Patents ApS
Farrington Patents ApS (CVR number: 40797130) is a company from HØRSHOLM. The company recorded a gross profit of -12.5 kDKK in 2023. The operating profit was -12.5 kDKK, while net earnings were 305.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 36.3 %, which can be considered excellent and Return on Equity (ROE) was 100.4 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 39.4 %, 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. Farrington Patents ApS's liquidity measured by quick ratio was 8.8 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|
Volume | ||||
Net sales | ||||
Gross profit | -9.63 | -8.51 | -11.50 | -12.54 |
EBIT | -9.63 | -8.51 | -11.50 | -12.54 |
Net earnings | 167.39 | 87.88 | 52.13 | 305.90 |
Shareholders equity total | 292.39 | 269.68 | 208.80 | 400.30 |
Balance sheet total (assets) | 344.89 | 789.62 | 739.28 | 1 016.12 |
Net debt | 2.13 | -13.12 | -16.61 | -9.74 |
Profitability | ||||
EBIT-% | ||||
ROA | 48.1 % | 16.0 % | 8.7 % | 36.3 % |
ROE | 57.2 % | 31.3 % | 21.8 % | 100.4 % |
ROI | 56.3 % | 16.9 % | 8.8 % | 38.8 % |
Economic value added (EVA) | -7.97 | -15.00 | -15.87 | -12.98 |
Solvency | ||||
Equity ratio | 84.8 % | 34.2 % | 28.2 % | 39.4 % |
Gearing | 0.7 % | |||
Relative net indebtedness % | ||||
Liquidity | ||||
Quick ratio | 4.2 | 41.0 | 52.3 | 8.8 |
Current ratio | 4.2 | 41.0 | 52.3 | 8.8 |
Cash and cash equivalents | 13.12 | 16.61 | 9.74 | |
Capital use efficiency | ||||
Trade debtors turnover (days) | ||||
Net working capital % | ||||
Credit risk | ||||
Credit rating | BB | BB | BB | BB |
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