FIRSTFARMS A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 312.62 | 369.48 | 418.39 | 461.56 | 454.02 |
Gross profit | 260.88 | 258.60 | 231.08 | 276.86 | 321.33 |
EBIT | 54.24 | 69.93 | 95.93 | 50.09 | 42.95 |
Net earnings | 24.79 | 34.76 | 65.47 | 26.04 | 16.35 |
Shareholders equity total | 483.48 | 530.13 | 683.06 | 722.20 | 819.15 |
Balance sheet total (assets) | 1 141.95 | 1 098.54 | 1 341.49 | 1 509.69 | 1 684.90 |
Net debt | 98.10 | -1.28 | 127.99 | 44.43 | -52.56 |
Profitability | |||||
EBIT-% | 17.4 % | 18.9 % | 22.9 % | 10.9 % | 9.5 % |
ROA | 5.0 % | 6.5 % | 8.4 % | 4.9 % | 3.3 % |
ROE | 5.7 % | 6.9 % | 10.8 % | 3.7 % | 2.1 % |
ROI | 5.7 % | 7.5 % | 9.8 % | 5.4 % | 3.6 % |
Economic value added (EVA) | 4.33 | 23.32 | 44.68 | -2.98 | -9.33 |
Solvency | |||||
Equity ratio | 42.3 % | 48.3 % | 50.9 % | 47.8 % | 48.6 % |
Gearing | 21.9 % | 14.4 % | 21.9 % | 9.7 % | 10.4 % |
Relative net indebtedness % | 208.2 % | 132.9 % | 152.1 % | 165.0 % | 160.4 % |
Liquidity | |||||
Quick ratio | 0.6 | 0.8 | 0.7 | 1.5 | 2.0 |
Current ratio | 1.0 | 1.1 | 1.2 | 2.1 | 2.8 |
Cash and cash equivalents | 7.75 | 77.47 | 21.86 | 25.88 | 137.70 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 21.9 | 20.7 | 22.8 | 22.8 | 22.9 |
Net working capital % | -1.8 % | 8.7 % | 9.3 % | 32.5 % | 58.7 % |
Credit risk | |||||
Credit rating | AAA | AAA | AAA | AAA | AAA |
Variable visualization
Roles
Companies in the same industry
- Professional credit risk reports
- Create your own estimates for any company
- Valuation analysis
- All 400,000+ Danish companies
- See instructions

... and more!
No registration needed.