FIT A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About FIT A/S
FIT A/S (CVR number: 40634797) is a company from SORØ. The company reported a net sales of 46.8 mDKK in 2023, demonstrating a growth of 23 % compared to the previous year. The operating profit percentage was at 0.1 % (EBIT: 0 mDKK), while net earnings were -108.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 0.1 %, which can be considered weak but Return on Equity (ROE) was -1.4 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 41.5 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. FIT A/S's liquidity measured by quick ratio was 1.1 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 (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 2.22 | 23.27 | 30.26 | 38.04 | 46.81 |
Gross profit | 1.67 | 7.91 | 9.84 | 14.27 | 16.46 |
EBIT | 0.01 | 0.08 | 0.09 | 0.04 | 0.03 |
Net earnings | 0.00 | -0.11 | |||
Shareholders equity total | 7.86 | 7.86 | 7.86 | 7.86 | 7.75 |
Balance sheet total (assets) | 21.22 | 25.80 | 28.77 | 26.22 | 28.27 |
Net debt | 11.83 | 11.32 | 2.24 | -4.20 | 4.16 |
Profitability | |||||
EBIT-% | 0.3 % | 0.3 % | 0.3 % | 0.1 % | 0.1 % |
ROA | 0.0 % | 0.3 % | 0.3 % | 0.1 % | 0.1 % |
ROE | 0.0 % | -1.4 % | |||
ROI | 0.0 % | 0.4 % | 0.6 % | 0.4 % | 0.3 % |
Economic value added (EVA) | 0.01 | 0.03 | -0.01 | -0.06 | 0.14 |
Solvency | |||||
Equity ratio | 37.0 % | 30.5 % | 48.8 % | 56.0 % | 41.5 % |
Gearing | 164.3 % | 144.0 % | 28.5 % | 53.6 % | |
Relative net indebtedness % | 552.4 % | 77.1 % | 69.1 % | 37.2 % | 43.6 % |
Liquidity | |||||
Quick ratio | 2.4 | 0.3 | 0.6 | 1.0 | 1.1 |
Current ratio | 2.4 | 0.3 | 0.2 | 0.3 | 0.6 |
Cash and cash equivalents | 1.08 | 4.20 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 13.9 | 53.7 | |||
Net working capital % | 150.6 % | -51.4 % | -52.8 % | -31.8 % | -17.7 % |
Credit risk | |||||
Credit rating | A | A | BBB | A | A |
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