First Engros ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About First Engros ApS
First Engros ApS (CVR number: 25562801) is a company from KØBENHAVN. The company recorded a gross profit of -68.3 kDKK in 2022. The operating profit was -68.3 kDKK, while net earnings were -70.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was -39.7 %, which can be considered poor and Return on Equity (ROE) was -160.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -43.5 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. First Engros ApS's liquidity measured by quick ratio was 0.6 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | 108.70 | ||||
| Gross profit | -8.26 | 97.60 | 122.77 | 95.53 | -68.31 |
| EBIT | -8.26 | 37.60 | 122.77 | 95.53 | -68.31 |
| Net earnings | -23.98 | - 139.46 | 121.69 | 33.70 | -70.09 |
| Shareholders equity total | -3.61 | - 143.07 | -21.38 | 12.32 | -57.77 |
| Balance sheet total (assets) | 2.69 | 2 225.46 | 2 097.69 | 211.55 | 74.91 |
| Net debt | -2.69 | - 161.59 | 101.55 | 147.40 | -17.21 |
| Profitability | |||||
| EBIT-% | 34.6 % | ||||
| ROA | 25.4 % | 18.0 % | 5.5 % | 8.2 % | -39.7 % |
| ROE | -208.0 % | -12.5 % | 5.6 % | 3.2 % | -160.7 % |
| ROI | -235.4 % | -224.4 % | 108.1 % | 72.6 % | -69.1 % |
| Economic value added (EVA) | -8.48 | 37.92 | 144.29 | 75.69 | -68.93 |
| Solvency | |||||
| Equity ratio | -57.4 % | -6.0 % | -1.0 % | 5.8 % | -43.5 % |
| Gearing | -86.4 % | -484.5 % | 1196.8 % | -66.0 % | |
| Relative net indebtedness % | 1916.5 % | ||||
| Liquidity | |||||
| Quick ratio | 0.4 | 0.9 | 1.0 | 1.1 | 0.6 |
| Current ratio | 0.4 | 0.9 | 1.0 | 1.1 | 0.6 |
| Cash and cash equivalents | 2.69 | 285.19 | 2.06 | 55.35 | |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | -131.6 % | ||||
| Credit risk | |||||
| Credit rating | BB | B | BB | BB | BB |
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