FLORIDANES A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About FLORIDANES A/S
FLORIDANES A/S (CVR number: 13404801) is a company from RINGKØBING-SKJERN. The company recorded a gross profit of -156.1 kDKK in 2023. The operating profit was -156.1 kDKK, while net earnings were 1072.8 kDKK. 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 3.5 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 84.6 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. FLORIDANES A/S's liquidity measured by quick ratio was 6.2 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | -63.12 | -93.29 | - 148.23 | - 175.88 | - 156.14 |
EBIT | -63.12 | -95.65 | - 176.56 | - 204.21 | - 156.14 |
Net earnings | 2 586.66 | 3 480.52 | 4 774.61 | 2 073.55 | 1 072.82 |
Shareholders equity total | 20 233.54 | 23 383.92 | 28 224.34 | 30 183.50 | 31 138.51 |
Balance sheet total (assets) | 22 519.33 | 24 507.15 | 30 313.06 | 32 108.49 | 36 806.51 |
Net debt | - 986.54 | -3 692.58 | -5 260.04 | -1 940.32 | -2 295.79 |
Profitability | |||||
EBIT-% | |||||
ROA | 12.5 % | 14.9 % | 17.4 % | 8.1 % | 3.3 % |
ROE | 13.6 % | 16.0 % | 18.5 % | 7.1 % | 3.5 % |
ROI | 12.5 % | 15.1 % | 17.7 % | 8.2 % | 3.4 % |
Economic value added (EVA) | - 140.13 | -7.46 | 93.86 | 228.95 | 41.28 |
Solvency | |||||
Equity ratio | 89.8 % | 95.4 % | 93.1 % | 94.0 % | 84.6 % |
Gearing | 11.0 % | 3.4 % | 5.2 % | 6.1 % | 4.6 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 3.4 | 6.9 | 4.8 | 5.1 | 6.2 |
Current ratio | 3.4 | 6.9 | 4.8 | 5.1 | 7.3 |
Cash and cash equivalents | 3 220.91 | 4 488.81 | 6 739.38 | 3 791.45 | 3 729.57 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | AA | AA | AA | AA | AA |
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