FREDENSBORG FORSYNING A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About FREDENSBORG FORSYNING A/S
FREDENSBORG FORSYNING A/S (CVR number: 32265766) is a company from FREDENSBORG. The company reported a net sales of 44.8 mDKK in 2023, demonstrating a decline of -6.5 % compared to the previous year. The operating profit percentage was at 2.5 % (EBIT: 1.1 mDKK), while net earnings were 625 kDKK. The profitability of the company measured by Return on Assets (ROA) was 2.8 %, which can be considered weak and Return on Equity (ROE) was 3.3 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 43.6 %, 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. FREDENSBORG FORSYNING A/S's liquidity measured by quick ratio was 1.4 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 | 34.75 | 38.14 | 41.84 | 47.92 | 44.80 |
Gross profit | 1.18 | 0.85 | 1.98 | 3.79 | 2.70 |
EBIT | 0.22 | 0.48 | 0.84 | 0.45 | 1.12 |
Net earnings | 0.37 | 0.41 | 0.38 | -0.02 | 0.63 |
Shareholders equity total | 17.90 | 18.31 | 18.69 | 18.67 | 19.30 |
Balance sheet total (assets) | 56.86 | 42.54 | 54.14 | 41.12 | 44.28 |
Net debt | 23.01 | 6.66 | 10.17 | 5.71 | 4.62 |
Profitability | |||||
EBIT-% | 0.6 % | 1.3 % | 2.0 % | 0.9 % | 2.5 % |
ROA | 0.4 % | 1.0 % | 1.7 % | 1.0 % | 2.8 % |
ROE | 2.1 % | 2.3 % | 2.1 % | -0.1 % | 3.3 % |
ROI | 0.5 % | 1.2 % | 2.3 % | 1.2 % | 3.5 % |
Economic value added (EVA) | -0.55 | -0.81 | -0.35 | -0.30 | 0.03 |
Solvency | |||||
Equity ratio | 31.5 % | 43.0 % | 34.5 % | 45.4 % | 43.6 % |
Gearing | 170.6 % | 68.1 % | 127.0 % | 76.7 % | 82.1 % |
Relative net indebtedness % | 89.3 % | 48.3 % | 52.3 % | 28.9 % | 30.5 % |
Liquidity | |||||
Quick ratio | 1.3 | 1.2 | 1.1 | 1.3 | 1.4 |
Current ratio | 1.3 | 1.3 | 1.1 | 1.3 | 1.4 |
Cash and cash equivalents | 7.52 | 5.82 | 13.56 | 8.62 | 11.21 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 7.7 | 6.1 | 0.3 | 0.1 | 1.2 |
Net working capital % | 24.5 % | 10.7 % | 6.9 % | 9.5 % | 15.8 % |
Credit risk | |||||
Credit rating | A | A | A | A | A |
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