T. H. FRANDSEN HOLDING ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About T. H. FRANDSEN HOLDING ApS
T. H. FRANDSEN HOLDING ApS (CVR number: 27638236) is a company from GLADSAXE. The company recorded a gross profit of 0 kDKK in 2024. The operating profit was 0 kDKK, while net earnings were -220.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was -14.7 %, which can be considered poor and Return on Equity (ROE) was -21.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 68.9 %, 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. T. H. FRANDSEN HOLDING ApS's liquidity measured by quick ratio was 2.1 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 financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | |||||
| EBIT | |||||
| Net earnings | 224.55 | -12.97 | 120.30 | 109.21 | - 220.19 |
| Shareholders equity total | 1 322.09 | 1 196.12 | 1 202.02 | 1 193.43 | 851.24 |
| Balance sheet total (assets) | 1 368.53 | 1 312.31 | 1 410.12 | 1 489.55 | 1 235.12 |
| Net debt | - 840.71 | - 634.65 | - 585.65 | - 528.72 | - 405.30 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 19.0 % | 1.7 % | 9.7 % | 9.0 % | -14.7 % |
| ROE | 17.7 % | -1.0 % | 10.0 % | 9.1 % | -21.5 % |
| ROI | 19.4 % | 1.7 % | 9.7 % | 9.0 % | -15.0 % |
| Economic value added (EVA) | -60.75 | -67.73 | -65.91 | -70.86 | -73.67 |
| Solvency | |||||
| Equity ratio | 96.6 % | 91.1 % | 85.2 % | 80.1 % | 68.9 % |
| Gearing | 2.0 % | 9.7 % | 17.3 % | 22.8 % | 42.8 % |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 21.7 | 7.0 | 4.0 | 3.0 | 2.1 |
| Current ratio | 21.7 | 7.0 | 4.0 | 3.0 | 2.1 |
| Cash and cash equivalents | 866.58 | 750.21 | 793.75 | 801.41 | 769.82 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BBB | BBB | BBB | BBB | BBB |
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