FIRST CHAIR HOLDING A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About FIRST CHAIR HOLDING A/S
FIRST CHAIR HOLDING A/S (CVR number: 18252481) is a company from GENTOFTE. The company reported a net sales of 7 mDKK in 2024, demonstrating a decline of -4.1 % compared to the previous year. The operating profit percentage was poor at -5.4 % (EBIT: -0.4 mDKK), while net earnings were -3947.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was -2.8 %, which can be considered poor and Return on Equity (ROE) was -9.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 66.9 %, 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. FIRST CHAIR HOLDING A/S's liquidity measured by quick ratio was 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 financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 7 020.00 | 7 020.00 | 7 258.85 | 7 320.00 | 7 020.83 |
Gross profit | 8 140.35 | 6 843.87 | 4 655.37 | 5 298.57 | 5 365.09 |
EBIT | 3 477.94 | 588.40 | 835.78 | 1 081.71 | - 378.12 |
Net earnings | 398.57 | 2 309.60 | -2 488.48 | 12 737.41 | -3 947.26 |
Shareholders equity total | 39 965.42 | 40 952.41 | 38 366.78 | 45 642.39 | 35 773.43 |
Balance sheet total (assets) | 65 792.79 | 57 593.28 | 58 814.01 | 68 914.95 | 53 444.63 |
Net debt | -4 295.54 | -7 081.21 | - 638.67 | -4 879.61 | -4 442.96 |
Profitability | |||||
EBIT-% | 49.5 % | 8.4 % | 11.5 % | 14.8 % | -5.4 % |
ROA | 0.9 % | 4.1 % | 0.1 % | 24.3 % | -2.8 % |
ROE | 1.0 % | 5.7 % | -6.3 % | 30.3 % | -9.7 % |
ROI | 1.0 % | 4.4 % | 0.2 % | 26.9 % | -3.1 % |
Economic value added (EVA) | 4 666.88 | 1 274.87 | 884.74 | 1 031.21 | - 194.54 |
Solvency | |||||
Equity ratio | 60.7 % | 71.1 % | 65.2 % | 66.2 % | 66.9 % |
Gearing | 41.6 % | 31.3 % | 35.5 % | 25.6 % | 40.7 % |
Relative net indebtedness % | 69.7 % | -46.4 % | 85.4 % | 91.5 % | -18.8 % |
Liquidity | |||||
Quick ratio | 1.8 | 2.3 | 2.2 | 1.9 | 2.0 |
Current ratio | 1.8 | 2.3 | 2.2 | 1.9 | 2.0 |
Cash and cash equivalents | 20 932.32 | 19 898.17 | 14 247.05 | 16 574.62 | 18 990.05 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 10.4 | 15.3 | 10.1 | ||
Net working capital % | -130.2 % | -68.2 % | -9.3 % | -32.9 % | -80.6 % |
Credit risk | |||||
Credit rating | AA | AA | A | AA | A |
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