Farm ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Farm ApS
Farm ApS (CVR number: 38409689) is a company from HJØRRING. The company reported a net sales of 0.1 mDKK in 2024, demonstrating a decline of -7.6 % compared to the previous year. The operating profit percentage was at 56.5 % (EBIT: 0 mDKK), while net earnings were 18.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 4.8 %, which can be considered decent but Return on Equity (ROE) was 11.9 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 20.9 %, 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. Farm ApS'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 financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 60.00 | 60.00 | 34.34 | 66.85 | 61.79 |
Gross profit | 41.15 | 39.97 | 11.40 | 33.41 | 34.89 |
EBIT | 41.15 | 39.97 | 11.40 | 33.41 | 34.89 |
Net earnings | 25.59 | 27.75 | 7.13 | 24.13 | 18.23 |
Shareholders equity total | 84.36 | 113.21 | 120.34 | 144.47 | 162.77 |
Balance sheet total (assets) | 676.48 | 676.48 | 676.24 | 676.58 | 778.83 |
Net debt | 573.95 | 532.90 | 531.98 | 493.78 | 461.29 |
Profitability | |||||
EBIT-% | 68.6 % | 66.6 % | 33.2 % | 50.0 % | 56.5 % |
ROA | 6.1 % | 5.9 % | 1.7 % | 4.9 % | 4.8 % |
ROE | 35.8 % | 28.1 % | 6.1 % | 18.2 % | 11.9 % |
ROI | 6.2 % | 6.0 % | 1.7 % | 5.1 % | 5.2 % |
Economic value added (EVA) | -1.77 | -2.00 | -23.59 | -6.77 | -6.74 |
Solvency | |||||
Equity ratio | 12.5 % | 16.7 % | 17.8 % | 21.4 % | 20.9 % |
Gearing | 680.7 % | 470.9 % | 442.1 % | 342.0 % | 315.0 % |
Relative net indebtedness % | 986.4 % | 938.4 % | 1619.0 % | 795.4 % | 914.0 % |
Liquidity | |||||
Quick ratio | 0.0 | 0.0 | 0.0 | 0.0 | 1.2 |
Current ratio | 0.0 | 0.0 | 0.0 | 0.0 | 1.2 |
Cash and cash equivalents | 0.25 | 0.26 | 0.01 | 0.35 | 51.35 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | -11.1 % | -31.5 % | -60.4 % | -39.9 % | 16.3 % |
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BBB | BBB |
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