FYNSKE FARVER A/S
Credit rating
Company information
About FYNSKE FARVER A/S
FYNSKE FARVER A/S (CVR number: 32647693) is a company from SVENDBORG. The company recorded a gross profit of 18 mDKK in 2023. The operating profit was -429.3 kDKK, while net earnings were -552.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was -4.2 %, which can be considered poor and Return on Equity (ROE) was -18.6 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 24.9 %, 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. FYNSKE FARVER A/S's liquidity measured by quick ratio was 1.2 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 13 984.32 | 14 405.00 | 16 771.00 | 16 724.00 | 18 044.05 |
EBIT | 1 282.91 | 2 292.00 | 2 109.00 | 1 564.00 | - 429.29 |
Net earnings | 874.88 | 1 675.00 | 1 562.00 | 1 071.00 | - 552.16 |
Shareholders equity total | 2 393.51 | 3 168.00 | 3 430.00 | 3 501.00 | 2 448.48 |
Balance sheet total (assets) | 7 908.73 | 10 389.00 | 9 355.00 | 10 413.00 | 9 840.22 |
Net debt | 1 417.79 | -1 373.00 | 80.00 | 680.00 | 1 666.74 |
Profitability | |||||
EBIT-% | |||||
ROA | 14.7 % | 25.1 % | 21.4 % | 15.8 % | -4.2 % |
ROE | 34.2 % | 60.2 % | 47.3 % | 30.9 % | -18.6 % |
ROI | 24.8 % | 43.3 % | 35.5 % | 23.5 % | -6.0 % |
Economic value added (EVA) | 809.09 | 1 627.02 | 1 584.72 | 1 036.64 | - 535.79 |
Solvency | |||||
Equity ratio | 30.5 % | 30.5 % | 36.7 % | 33.6 % | 24.9 % |
Gearing | 62.0 % | 42.9 % | 20.6 % | 24.1 % | 68.1 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 1.3 | 1.4 | 1.7 | 1.6 | 1.2 |
Current ratio | 1.3 | 1.4 | 1.7 | 1.6 | 1.3 |
Cash and cash equivalents | 66.55 | 2 732.00 | 628.00 | 165.00 | |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | A | A | A | BBB |
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