Freetrailer Group A/S — Credit Rating and Financial Key Figures

CVR number: 28891938
Gladsaxe Møllevej 67, 2860 Søborg
tel: 23642939

Credit rating

Company information

Official name
Freetrailer Group A/S
Established
2005
Company form
Limited company
Industry
  • Expand more icon62Computer programming, consultancy and related activities

About Freetrailer Group A/S

Freetrailer Group A/S (CVR number: 28891938) is a company from GLADSAXE. The company reported a net sales of 12.2 mDKK in 2023, demonstrating a growth of 31.8 % compared to the previous year. The operating profit percentage was poor at -44.1 % (EBIT: -5.4 mDKK), while net earnings were 12 mDKK. The profitability of the company measured by Return on Assets (ROA) was 21 %, 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 65.1 %, 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 0.2 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.

Financial information

See financials

Net sales (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales954.004 415.476 966.019 284.6212 233.63
Gross profit- 306.68-1 587.27-2 062.60-3 024.68-2 771.55
EBIT-1 115.22-2 285.60-2 919.16-4 034.54-5 397.83
Net earnings1 151.084 603.488 081.114 174.7011 956.74
Shareholders equity total12 202.6617 138.4026 118.5429 669.0242 017.40
Balance sheet total (assets)13 250.1222 327.3139 911.8147 983.8364 541.62
Net debt827.564 240.1110 307.2215 753.7418 868.80
Profitability
EBIT-%-116.9 %-51.8 %-41.9 %-43.5 %-44.1 %
ROA9.6 %23.3 %24.6 %10.3 %21.0 %
ROE9.9 %31.4 %37.4 %15.0 %33.4 %
ROI9.7 %23.7 %25.1 %10.6 %22.0 %
Economic value added (EVA)-1 215.37-1 987.85-1 819.36-1 913.10-2 388.35
Solvency
Equity ratio92.1 %76.8 %65.4 %61.8 %65.1 %
Gearing7.7 %25.1 %47.8 %53.3 %45.0 %
Relative net indebtedness %97.9 %107.7 %156.9 %190.4 %179.5 %
Liquidity
Quick ratio5.21.00.70.50.2
Current ratio5.21.00.70.50.2
Cash and cash equivalents113.4965.132 170.3153.0340.47
Capital use efficiency
Trade debtors turnover (days)
Net working capital %458.3 %0.9 %-56.8 %-93.4 %-136.0 %
Credit risk
Credit ratingAAAAA

Variable visualization

ROA:21.0%
Rating: 75/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:65.1%
Rating: 50/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Board member
Board member
Board member

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