FROM MINKFARM ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About FROM MINKFARM ApS
FROM MINKFARM ApS (CVR number: 29525757) is a company from NORDFYNS. The company recorded a gross profit of 202.5 kDKK in 2023. The operating profit was -819 kDKK, while net earnings were -798.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was -3.2 %, which can be considered poor and Return on Equity (ROE) was -6 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -0.7 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. FROM MINKFARM ApS's liquidity measured by quick ratio was 1.4 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 1 913.18 | 3 187.87 | 10 498.49 | - 444.53 | 202.53 |
EBIT | -1 554.41 | 213.11 | 8 504.03 | -1 446.66 | - 819.01 |
Net earnings | -1 664.32 | - 504.21 | 5 837.59 | -1 324.56 | - 798.29 |
Shareholders equity total | 3 818.86 | 3 314.65 | 9 152.25 | 3 827.68 | - 170.60 |
Balance sheet total (assets) | 22 095.64 | 27 095.28 | 25 154.40 | 27 485.15 | 22 829.43 |
Net debt | 10 972.22 | 10 646.37 | 6 949.61 | -2 810.75 | 159.41 |
Profitability | |||||
EBIT-% | |||||
ROA | -6.5 % | 0.9 % | 32.6 % | -5.2 % | -3.2 % |
ROE | -35.8 % | -14.1 % | 93.6 % | -20.4 % | -6.0 % |
ROI | -9.9 % | 1.3 % | 41.6 % | -9.8 % | -20.7 % |
Economic value added (EVA) | -1 542.31 | -75.53 | 6 405.50 | -1 635.44 | - 635.27 |
Solvency | |||||
Equity ratio | 22.4 % | 19.6 % | 38.9 % | 13.9 % | -0.7 % |
Gearing | 292.2 % | 321.3 % | 75.9 % | 52.2 % | -1170.5 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 0.6 | 0.7 | 0.6 | 1.7 | 1.4 |
Current ratio | 1.1 | 1.1 | 1.9 | 3.7 | 2.2 |
Cash and cash equivalents | 188.09 | 2.09 | 4 810.17 | 1 837.52 | |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | BBB | A | BB | BB |
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