FFV VARME A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About FFV VARME A/S
FFV VARME A/S (CVR number: 26721059) is a company from FAABORG-MIDTFYN. The company reported a net sales of 40 mDKK in 2024, demonstrating a decline of -7.2 % compared to the previous year. The operating profit percentage was at 8 % (EBIT: 3.2 mDKK), while net earnings were 0 kDKK. The profitability of the company measured by Return on Assets (ROA) was 2.3 %, which can be considered weak and Return on Equity (ROE) was 0 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 28.7 %, 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. FFV VARME A/S's liquidity measured by quick ratio was 0.7 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 28.49 | 43.29 | 66.82 | 43.09 | 40.01 |
Gross profit | 9.62 | 6.99 | 10.59 | 11.17 | 11.98 |
EBIT | 2.75 | -0.09 | 1.48 | 2.89 | 3.20 |
Net earnings | |||||
Shareholders equity total | 47.55 | 48.11 | 50.46 | 49.79 | 48.90 |
Balance sheet total (assets) | 172.32 | 189.77 | 196.99 | 175.96 | 170.11 |
Net debt | 2.47 | 19.39 | 41.52 | 36.77 | 25.19 |
Profitability | |||||
EBIT-% | 9.6 % | -0.2 % | 2.2 % | 6.7 % | 8.0 % |
ROA | 2.1 % | -0.0 % | 0.8 % | 1.6 % | 2.3 % |
ROE | |||||
ROI | 3.7 % | -0.0 % | 0.8 % | 1.7 % | 2.5 % |
Economic value added (EVA) | -1.92 | -3.68 | -7.52 | -6.31 | -5.90 |
Solvency | |||||
Equity ratio | 27.6 % | 25.4 % | 25.6 % | 28.3 % | 28.7 % |
Gearing | 47.7 % | 57.2 % | 84.5 % | 74.6 % | 59.9 % |
Relative net indebtedness % | 361.1 % | 266.7 % | 202.2 % | 286.5 % | 287.6 % |
Liquidity | |||||
Quick ratio | 0.3 | 1.0 | 0.8 | 0.4 | 0.7 |
Current ratio | 0.3 | 1.0 | 0.8 | 0.4 | 0.7 |
Cash and cash equivalents | 20.20 | 8.15 | 1.10 | 0.36 | 4.09 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 102.0 | 33.1 | 8.0 | 11.5 | 34.3 |
Net working capital % | -240.8 % | 2.6 % | -10.8 % | -45.9 % | -22.4 % |
Credit risk | |||||
Credit rating | A | A | AA | A | AA |
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