Pindstrup Fonden — Credit Rating and Financial Key Figures
Credit rating
Company information
About Pindstrup Fonden
Pindstrup Fonden (CVR number: 81414211) is a company from MIDDELFART. The company reported a net sales of 26.2 mDKK in 2023, demonstrating a decline of -35.3 % compared to the previous year. The operating profit percentage was poor at -23.2 % (EBIT: -6.1 mDKK), while net earnings were 1832.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was -0.3 %, which can be considered poor but Return on Equity (ROE) was 62 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 4.9 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. Pindstrup Fonden's liquidity measured by quick ratio was 0.3 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.
Financial information
See financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 20 519.04 | 12 401.08 | 30 590.25 | 40 517.36 | 26 210.90 |
Gross profit | 14 671.51 | 9 540.00 | 28 878.35 | 43 439.01 | 18 130.63 |
EBIT | 3 068.51 | -1 334.27 | 7 261.50 | 17 813.77 | -6 081.01 |
Net earnings | 1 069.81 | -3 024.28 | 5 386.22 | -25 412.64 | 1 832.11 |
Shareholders equity total | 26 117.38 | 22 799.40 | 25 015.32 | 2 176.66 | 3 732.05 |
Balance sheet total (assets) | 104 813.25 | 107 910.91 | 111 511.08 | 100 026.74 | 75 432.46 |
Net debt | 48 121.62 | 55 206.60 | 51 500.63 | 53 903.20 | 32 043.06 |
Profitability | |||||
EBIT-% | 15.0 % | -10.8 % | 23.7 % | 44.0 % | -23.2 % |
ROA | 2.9 % | -1.2 % | 6.6 % | 42.6 % | -0.3 % |
ROE | 4.1 % | -12.4 % | 22.5 % | -186.9 % | 62.0 % |
ROI | 3.9 % | -1.7 % | 9.1 % | -11.5 % | -0.7 % |
Economic value added (EVA) | 242.94 | -4 477.07 | 4 036.42 | 14 604.36 | -8 018.87 |
Solvency | |||||
Equity ratio | 24.9 % | 21.1 % | 22.5 % | 2.2 % | 4.9 % |
Gearing | 193.8 % | 245.0 % | 207.2 % | 2482.1 % | 989.8 % |
Relative net indebtedness % | 367.4 % | 672.3 % | 273.1 % | 201.8 % | 211.9 % |
Liquidity | |||||
Quick ratio | 1.4 | 0.4 | 0.3 | 0.2 | 0.3 |
Current ratio | 1.5 | 0.4 | 0.3 | 0.2 | 0.3 |
Cash and cash equivalents | 2 499.76 | 649.66 | 338.64 | 124.46 | 4 894.92 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 26.1 | 28.8 | 26.5 | 17.1 | 8.2 |
Net working capital % | 10.2 % | -56.4 % | -36.8 % | -36.5 % | -59.5 % |
Credit risk | |||||
Credit rating | AA | A | AA | BBB | A |
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