Freetrailer Group A/S
Credit rating
Company information
About Freetrailer Group A/S
Freetrailer Group A/S (CVR number: 28891938K) is a company from GLADSAXE. The company reported a net sales of 105.9 mDKK in 2023, demonstrating a growth of 41 % compared to the previous year. The operating profit percentage was at 14.6 % (EBIT: 15.4 mDKK), while net earnings were 12 mDKK. The profitability of the company measured by Return on Assets (ROA) was 28.7 %, which can be considered excellent and Return on Equity (ROE) was 33.4 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 72.8 %, 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. Freetrailer Group A/S's liquidity measured by quick ratio was 3.1 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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 40.78 | 51.93 | 62.58 | 75.10 | 105.93 |
Gross profit | 18.22 | 25.05 | 32.31 | 34.85 | 53.62 |
EBIT | 1.85 | 5.93 | 10.75 | 6.17 | 15.41 |
Net earnings | 1.15 | 4.60 | 8.08 | 4.17 | 11.96 |
Shareholders equity total | 12.20 | 17.14 | 26.12 | 29.67 | 42.02 |
Balance sheet total (assets) | 20.86 | 30.03 | 41.73 | 45.71 | 65.42 |
Net debt | -7.89 | -9.71 | -15.19 | -15.87 | -33.60 |
Profitability | |||||
EBIT-% | 4.5 % | 11.4 % | 17.2 % | 8.2 % | 14.6 % |
ROA | 9.2 % | 23.7 % | 30.0 % | 14.5 % | 28.7 % |
ROE | 9.9 % | 31.4 % | 37.4 % | 15.0 % | 33.4 % |
ROI | 15.7 % | 40.5 % | 48.3 % | 21.8 % | 43.1 % |
Economic value added (EVA) | 1.21 | 4.35 | 7.87 | 4.14 | 11.22 |
Solvency | |||||
Equity ratio | 73.0 % | 66.2 % | 72.8 % | 73.8 % | 72.8 % |
Gearing | 1.4 % | 0.2 % | 1.2 % | 1.0 % | 0.0 % |
Relative net indebtedness % | 1.4 % | 5.6 % | -1.1 % | -1.5 % | -10.7 % |
Liquidity | |||||
Quick ratio | 2.9 | 2.4 | 2.7 | 2.9 | 3.1 |
Current ratio | 2.0 | 2.1 | 2.3 | 2.0 | 2.1 |
Cash and cash equivalents | 8.07 | 9.75 | 15.50 | 16.15 | 33.61 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 24.6 | 39.4 | 22.5 | 32.8 | 16.4 |
Net working capital % | 20.3 % | 25.7 % | 31.7 % | 19.6 % | 23.4 % |
Credit risk | |||||
Credit rating | AA | AA | AAA | AAA | AA |
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