FOR RETFÆRDIGHEDEN A/S — Credit Rating and Financial Key Figures

CVR number: 34054274
Algade 14, 9300 Sæby
jha@advokaternepaatorvet.dk
tel: 98464400

Credit rating

Company information

Official name
FOR RETFÆRDIGHEDEN A/S
Established
2011
Company form
Limited company
Industry

About FOR RETFÆRDIGHEDEN A/S

FOR RETFÆRDIGHEDEN A/S (CVR number: 34054274) is a company from FREDERIKSHAVN. The company reported a net sales of 0.2 mDKK in 2023, demonstrating a decline of -16.9 % compared to the previous year. The operating profit percentage was poor at -3.9 % (EBIT: -0 mDKK), while net earnings were -45.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was -0.2 %, which can be considered poor and Return on Equity (ROE) was -3.3 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 37.2 %, 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. FOR RETFÆRDIGHEDEN 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 sales0.22178.28209.92222.01184.56
Gross profit0.1298.11126.51131.4851.55
EBIT0.0639.4167.8272.79-7.14
Net earnings0.0215.0921.1137.09-45.39
Shareholders equity total1.331 341.911 363.021 400.111 354.72
Balance sheet total (assets)3.833 812.063 739.963 652.893 643.94
Net debt1.301 252.261 121.691 037.031 040.41
Profitability
EBIT-%28.8 %22.1 %32.3 %32.8 %-3.9 %
ROA1.6 %2.1 %1.8 %2.0 %-0.2 %
ROE1.4 %2.2 %1.6 %2.7 %-3.3 %
ROI1.7 %2.2 %1.9 %2.4 %-0.3 %
Economic value added (EVA)-0.0739.28-83.21-69.08- 130.14
Solvency
Equity ratio34.6 %35.2 %36.4 %38.3 %37.2 %
Gearing99.8 %94.8 %83.8 %75.5 %82.0 %
Relative net indebtedness %1134.7 %1374.3 %1122.8 %555.3 %660.6 %
Liquidity
Quick ratio0.00.10.10.00.2
Current ratio0.00.10.10.00.2
Cash and cash equivalents0.0220.0020.0020.0070.00
Capital use efficiency
Trade debtors turnover (days)
Net working capital %-672.1 %-784.8 %-628.5 %-551.1 %-612.4 %
Credit risk
Credit ratingBBBAAABBB

Variable visualization

ROA:-0.20%
Rating: 20/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:37.2%
Rating: 31/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Chairman of the board

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