FREETIME ApS — Credit Rating and Financial Key Figures

CVR number: 20644737
Sankt Annæ Plads 19 A, 1250 København K
kjaer@freeport.dk
tel: 35251608

Company information

Official name
FREETIME ApS
Established
1997
Company form
Private limited company
Industry

About FREETIME ApS

FREETIME ApS (CVR number: 20644737) is a company from KØBENHAVN. The company recorded a gross profit of 4 kDKK in 2024. The operating profit was 4 kDKK, while net earnings were 31 kDKK. The profitability of the company measured by Return on Assets (ROA) was 1.7 %, which can be considered weak and Return on Equity (ROE) was 1.3 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 97.6 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. FREETIME ApS's liquidity measured by quick ratio was 40.5 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit68.0778.0770.11996.583.97
EBIT34.3844.3936.43996.583.97
Net earnings17.4225.2219.42971.2830.99
Shareholders equity total1 428.261 453.481 472.902 444.192 414.18
Balance sheet total (assets)1 588.281 525.861 555.102 581.782 473.86
Net debt-70.71- 127.62- 190.55-2 527.30
Profitability
EBIT-%
ROA2.1 %2.9 %2.4 %48.5 %1.7 %
ROE1.2 %1.8 %1.3 %49.6 %1.3 %
ROI2.2 %3.0 %2.5 %51.3 %1.8 %
Economic value added (EVA)-56.31-49.43-47.17889.89- 119.83
Solvency
Equity ratio89.9 %95.3 %94.7 %94.7 %97.6 %
Gearing6.0 %
Relative net indebtedness %
Liquidity
Quick ratio1.01.82.318.440.5
Current ratio1.01.82.318.440.5
Cash and cash equivalents156.37127.62190.552 527.30
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBB

Variable visualization

ROA:1.74%
Rating: 29/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:97.6%
Rating: 79/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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