FRØSTRUP BRUGSFORENING — Credit Rating and Financial Key Figures
Credit rating
Company information
About FRØSTRUP BRUGSFORENING
FRØSTRUP BRUGSFORENING (CVR number: 60475628) is a company from THISTED. The company reported a net sales of 28.7 mDKK in 2023, demonstrating a decline of -2.6 % compared to the previous year. The operating profit percentage was at 1.6 % (EBIT: 0.5 mDKK), while net earnings were 478.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 5 %, which can be considered decent and Return on Equity (ROE) was 6.4 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 60.3 %, 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. FRØSTRUP BRUGSFORENING's liquidity measured by quick ratio was 0.5 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 (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 24 800.99 | 26 137.65 | 28 055.08 | 29 505.37 | 28 732.08 |
Gross profit | 3 920.54 | 4 252.22 | 4 399.04 | 4 115.66 | 4 290.90 |
EBIT | 311.91 | 578.75 | 563.07 | - 114.85 | 450.38 |
Net earnings | 231.40 | 498.59 | 510.89 | 9.62 | 478.90 |
Shareholders equity total | 6 211.08 | 6 709.67 | 7 220.55 | 7 230.18 | 7 710.88 |
Balance sheet total (assets) | 10 326.20 | 12 417.96 | 12 158.86 | 12 630.20 | 12 789.14 |
Net debt | 2 276.51 | 2 048.44 | 1 679.51 | 1 173.32 | 685.54 |
Profitability | |||||
EBIT-% | 1.3 % | 2.2 % | 2.0 % | -0.4 % | 1.6 % |
ROA | 3.8 % | 6.0 % | 5.5 % | 0.2 % | 5.0 % |
ROE | 3.8 % | 7.7 % | 7.3 % | 0.1 % | 6.4 % |
ROI | 4.3 % | 7.2 % | 6.9 % | 0.2 % | 6.7 % |
Economic value added (EVA) | - 204.35 | 46.51 | 28.66 | - 501.54 | -48.66 |
Solvency | |||||
Equity ratio | 60.1 % | 54.0 % | 59.4 % | 57.2 % | 60.3 % |
Gearing | 37.3 % | 31.0 % | 23.9 % | 17.8 % | 12.2 % |
Relative net indebtedness % | 14.0 % | 18.9 % | 14.5 % | 15.1 % | 13.8 % |
Liquidity | |||||
Quick ratio | 0.2 | 0.4 | 0.4 | 0.4 | 0.5 |
Current ratio | 1.2 | 0.9 | 1.0 | 1.0 | 1.1 |
Cash and cash equivalents | 39.51 | 32.68 | 42.88 | 113.03 | 256.72 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 3.7 | 2.3 | 3.7 | 2.0 | 3.4 |
Net working capital % | 1.3 % | -1.4 % | 0.2 % | -0.1 % | 1.7 % |
Credit risk | |||||
Credit rating | A | A | A | BBB | A |
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