FIRSTFARMS A/S — Credit Rating and Financial Key Figures

CVR number: 28312504
Majsmarken 1, 7190 Billund

Credit rating

Company information

Official name
FIRSTFARMS A/S
Personnel
10 persons
Established
2004
Company form
Limited company
Industry

About FIRSTFARMS A/S

FIRSTFARMS A/S (CVR number: 28312504K) is a company from BILLUND. The company reported a net sales of 454 mDKK in 2024, demonstrating a decline of -1.6 % compared to the previous year. The operating profit percentage was at 9.5 % (EBIT: 43 mDKK), while net earnings were 16.3 mDKK. The profitability of the company measured by Return on Assets (ROA) was 3.3 %, which can be considered weak and Return on Equity (ROE) was 2.1 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 48.6 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. FIRSTFARMS 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 financials

Net sales (mDKK)

EBIT (mDKK)

Profitability

Solidity

Key figures (mDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales312.62369.48418.39461.56454.02
Gross profit260.88258.60231.08276.86321.33
EBIT54.2469.9395.9350.0942.95
Net earnings24.7934.7665.4726.0416.35
Shareholders equity total483.48530.13683.06722.20819.15
Balance sheet total (assets)1 141.951 098.541 341.491 509.691 684.90
Net debt98.10-1.28127.9944.43-52.56
Profitability
EBIT-%17.4 %18.9 %22.9 %10.9 %9.5 %
ROA5.0 %6.5 %8.4 %4.9 %3.3 %
ROE5.7 %6.9 %10.8 %3.7 %2.1 %
ROI5.7 %7.5 %9.8 %5.4 %3.6 %
Economic value added (EVA)4.3323.3244.68-2.98-9.33
Solvency
Equity ratio42.3 %48.3 %50.9 %47.8 %48.6 %
Gearing21.9 %14.4 %21.9 %9.7 %10.4 %
Relative net indebtedness %208.2 %132.9 %152.1 %165.0 %160.4 %
Liquidity
Quick ratio0.60.80.71.52.0
Current ratio1.01.11.22.12.8
Cash and cash equivalents7.7577.4721.8625.88137.70
Capital use efficiency
Trade debtors turnover (days)21.920.722.822.822.9
Net working capital %-1.8 %8.7 %9.3 %32.5 %58.7 %
Credit risk
Credit ratingAAAAAAAAAAAAAAA

Variable visualization

ROA:3.33%
Rating: 37/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:48.6%
Rating: 39/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Board member
Board member
Chief executive officer

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