FONDEN ROSKILDE FESTIVAL
Credit rating
Company information
About FONDEN ROSKILDE FESTIVAL
FONDEN ROSKILDE FESTIVAL (CVR number: 26465745K) is a company from ROSKILDE. The company reported a net sales of 192.5 mDKK in 2023, demonstrating a decline of -1.3 % compared to the previous year. The operating profit percentage was at 5.1 % (EBIT: 9.7 mDKK), while net earnings were 7577.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 8.9 %, which can be considered good and Return on Equity (ROE) was 9.6 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 78.6 %, 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. FONDEN ROSKILDE FESTIVAL's liquidity measured by quick ratio was 5 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 financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 179.05 | 61.97 | 68.50 | 195.13 | 192.51 |
Gross profit | 70.83 | 43.02 | 51.54 | 84.07 | 87.94 |
EBIT | 11.54 | -15.99 | 0.09 | 23.01 | 9.74 |
Net earnings | 7.93 | -17.20 | -0.34 | 22.46 | 7.58 |
Shareholders equity total | 75.35 | 56.71 | 54.87 | 75.83 | 81.97 |
Balance sheet total (assets) | 104.72 | 91.66 | 91.30 | 116.13 | 104.35 |
Net debt | -66.04 | -53.51 | -48.97 | -68.97 | -52.69 |
Profitability | |||||
EBIT-% | 6.4 % | -25.8 % | 0.1 % | 11.8 % | 5.1 % |
ROA | 11.5 % | -16.3 % | 0.3 % | 22.2 % | 8.9 % |
ROE | 11.0 % | -26.0 % | -0.6 % | 34.4 % | 9.6 % |
ROI | 14.4 % | -21.5 % | 0.4 % | 31.6 % | 11.3 % |
Economic value added (EVA) | 8.42 | -16.63 | -0.01 | 22.74 | 7.79 |
Solvency | |||||
Equity ratio | 72.0 % | 61.9 % | 60.1 % | 65.3 % | 78.6 % |
Gearing | 10.9 % | 14.5 % | 14.4 % | 9.8 % | 8.7 % |
Relative net indebtedness % | -25.1 % | -43.2 % | -29.8 % | -18.5 % | -19.5 % |
Liquidity | |||||
Quick ratio | 4.5 | 3.6 | 2.6 | 2.8 | 5.0 |
Current ratio | 4.6 | 3.6 | 2.6 | 2.9 | 5.2 |
Cash and cash equivalents | 74.27 | 61.75 | 56.86 | 76.40 | 59.84 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 29.8 | 73.3 | 60.3 | 19.4 | 21.4 |
Net working capital % | 41.0 % | 96.0 % | 69.0 % | 31.6 % | 33.8 % |
Credit risk | |||||
Credit rating | A | BBB | A | A | A |
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