Freetrailer Group A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Freetrailer Group A/S
Freetrailer Group A/S (CVR number: 28891938K) is a company from KØBENHAVN. The company reported a net sales of 129.5 mDKK in 2024, demonstrating a growth of 22.2 % compared to the previous year. The operating profit percentage was at 19.3 % (EBIT: 25 mDKK), while net earnings were 17.8 mDKK. The profitability of the company measured by Return on Assets (ROA) was 26.3 %, which can be considered excellent and Return on Equity (ROE) was 41.4 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 36.8 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. Freetrailer Group A/S's liquidity measured by quick ratio was 1.1 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | 51.93 | 62.58 | 75.10 | 105.93 | 129.49 |
| Gross profit | 25.05 | 32.31 | 34.85 | 53.62 | 88.62 |
| EBIT | 5.93 | 10.75 | 6.17 | 15.41 | 25.02 |
| Net earnings | 4.60 | 8.08 | 4.17 | 11.96 | 17.80 |
| Shareholders equity total | 17.14 | 26.12 | 29.67 | 42.02 | 44.01 |
| Balance sheet total (assets) | 30.03 | 41.73 | 45.71 | 65.42 | 130.68 |
| Net debt | -9.71 | -15.19 | -15.87 | -16.15 | -12.02 |
| Profitability | |||||
| EBIT-% | 11.4 % | 17.2 % | 8.2 % | 14.6 % | 19.3 % |
| ROA | 23.7 % | 30.0 % | 14.5 % | 28.7 % | 26.3 % |
| ROE | 31.4 % | 37.4 % | 15.0 % | 33.4 % | 41.4 % |
| ROI | 40.5 % | 48.3 % | 21.8 % | 43.1 % | 38.1 % |
| Economic value added (EVA) | 3.94 | 7.30 | 3.19 | 10.24 | 16.69 |
| Solvency | |||||
| Equity ratio | 66.2 % | 72.8 % | 73.8 % | 72.8 % | 36.8 % |
| Gearing | 0.2 % | 1.2 % | 1.0 % | 0.0 % | 49.1 % |
| Relative net indebtedness % | 5.6 % | -1.1 % | -1.5 % | 5.8 % | 38.9 % |
| Liquidity | |||||
| Quick ratio | 2.4 | 2.7 | 2.9 | 3.1 | 1.1 |
| Current ratio | 2.1 | 2.3 | 2.0 | 2.1 | 1.0 |
| Cash and cash equivalents | 9.75 | 15.50 | 16.15 | 16.15 | 33.61 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | 39.4 | 22.5 | 32.8 | 16.4 | 40.3 |
| Net working capital % | 25.7 % | 31.7 % | 19.6 % | 23.4 % | -0.7 % |
| Credit risk | |||||
| Credit rating | AA | AAA | AAA | AA | AA |
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