FRIS ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About FRIS ApS
FRIS ApS (CVR number: 28099363) is a company from FREDERIKSBERG. The company recorded a gross profit of 247.5 kDKK in 2023, demonstrating a decline of -33.8 % compared to the previous year. The operating profit was 12.6 kDKK, while net earnings were 9.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 6.2 %, which can be considered decent and Return on Equity (ROE) was 7.2 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 66.7 %, 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. FRIS ApS's liquidity measured by quick ratio was 1.9 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 (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 481.55 | 550.93 | 492.74 | 401.43 | |
Gross profit | 463.55 | 521.37 | 460.05 | 373.62 | 247.46 |
EBIT | 22.16 | 5.11 | -4.10 | 3.95 | 12.64 |
Net earnings | 14.56 | 2.27 | -5.71 | 3.56 | 9.37 |
Shareholders equity total | 125.76 | 128.02 | 122.32 | 125.87 | 135.24 |
Balance sheet total (assets) | 358.44 | 358.29 | 214.11 | 202.54 | 202.80 |
Net debt | - 284.80 | -23.27 | - 119.62 | -95.06 | -73.67 |
Profitability | |||||
EBIT-% | 4.6 % | 0.9 % | -0.8 % | 1.0 % | |
ROA | 5.1 % | 1.4 % | -1.4 % | 2.8 % | 6.2 % |
ROE | 9.1 % | 1.8 % | -4.6 % | 2.9 % | 7.2 % |
ROI | 13.8 % | 4.0 % | -3.3 % | 4.8 % | 9.7 % |
Economic value added (EVA) | 21.20 | 13.11 | -9.47 | 2.45 | 7.82 |
Solvency | |||||
Equity ratio | 35.1 % | 35.7 % | 57.1 % | 62.1 % | 66.7 % |
Gearing | |||||
Relative net indebtedness % | -10.8 % | 37.6 % | -5.6 % | -4.6 % | |
Liquidity | |||||
Quick ratio | 1.5 | 1.6 | 2.3 | 1.6 | 1.9 |
Current ratio | 1.5 | 1.6 | 2.3 | 1.6 | 1.9 |
Cash and cash equivalents | 284.80 | 23.27 | 119.62 | 95.06 | 73.67 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 53.9 | 85.7 | 67.9 | 24.7 | |
Net working capital % | 26.1 % | 23.2 % | 24.8 % | 12.2 % | |
Credit risk | |||||
Credit rating | BBB | BB | BB | BB | BBB |
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