FIRSTFARMS A/S — Credit Rating and Financial Key Figures

FIRSTFARMS A/S (CVR number: 28312504) is a company from BILLUND. The company reported a net sales of 0.2 mDKK in 2019, demonstrating a decline of -49 % compared to the previous year. The operating profit percentage was at 9063.6 % (EBIT: 22.7 mDKK), while net earnings were 22.4 mDKK. The profitability of the company measured by Return on Assets (ROA) was 5.3 %, which can be considered decent and Return on Equity (ROE) was 5.9 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 64.7 %, 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. FIRSTFARMS A/S's liquidity measured by quick ratio was 0 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.