FAIRTIME DANMARK ApS
Credit rating
Company information
About FAIRTIME DANMARK ApS
FAIRTIME DANMARK ApS (CVR number: 35036563) is a company from RANDERS. The company recorded a gross profit of -4.6 kDKK in 2023. The operating profit was -4.6 kDKK, while net earnings were -3.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was -2.1 %, which can be considered poor and Return on Equity (ROE) was -2.1 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 78.4 %, 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. FAIRTIME DANMARK ApS's liquidity measured by quick ratio was 3.7 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | -3.32 | 5.10 | 12.56 | -4.22 | -4.61 |
EBIT | -38.82 | 5.10 | 12.56 | -4.22 | -4.61 |
Net earnings | -30.28 | 3.60 | 8.85 | -4.21 | -3.58 |
Shareholders equity total | 163.08 | 166.69 | 175.54 | 171.33 | 167.75 |
Balance sheet total (assets) | 216.16 | 232.08 | 225.81 | 221.45 | 213.86 |
Net debt | - 136.35 | - 153.72 | - 121.69 | - 141.37 | - 147.49 |
Profitability | |||||
EBIT-% | |||||
ROA | -15.9 % | 2.3 % | 5.5 % | -1.9 % | -2.1 % |
ROE | -17.0 % | 2.2 % | 5.2 % | -2.4 % | -2.1 % |
ROI | -19.7 % | 2.7 % | 6.6 % | -2.2 % | -2.4 % |
Economic value added (EVA) | -31.43 | 4.91 | 10.19 | -4.98 | -4.98 |
Solvency | |||||
Equity ratio | 75.4 % | 71.8 % | 77.7 % | 77.4 % | 78.4 % |
Gearing | 14.1 % | 12.4 % | 11.5 % | 13.2 % | 12.8 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 3.1 | 3.0 | 3.6 | 3.4 | 3.7 |
Current ratio | 4.1 | 3.5 | 4.5 | 4.4 | 4.6 |
Cash and cash equivalents | 159.38 | 174.45 | 141.86 | 164.04 | 168.98 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | C | B | BB | C | C |
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