FirstFarms Hungary A/S — Credit Rating and Financial Key Figures

CVR number: 26156270
Majsmarken 1, 7190 Billund
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Credit rating

Company information

Official name
FirstFarms Hungary A/S
Established
2001
Company form
Limited company
Industry

About FirstFarms Hungary A/S

FirstFarms Hungary A/S (CVR number: 26156270) is a company from BILLUND. The company recorded a gross profit of -29.4 kDKK in 2024. The operating profit was -29.4 kDKK, while net earnings were -2472.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 0.8 %, which can be considered weak but Return on Equity (ROE) was -7.2 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -22.2 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. FirstFarms Hungary A/S's liquidity measured by quick ratio was 1.1 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.

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 profit-19.05-27.21-11.86-1.19-29.38
EBIT-40.11-46.32-31.34-20.74-29.38
Net earnings4 471.97-10 703.95-5 425.34-2 054.50-2 472.92
Shareholders equity total16 271.815 247.80-2 542.22-7 461.97-9 934.89
Balance sheet total (assets)51 894.9442 702.3036 816.9634 364.2834 745.62
Net debt35 614.0437 438.7539 344.1641 810.5444 665.67
Profitability
EBIT-%
ROA10.0 %-18.8 %-8.7 %1.0 %0.8 %
ROE27.5 %-99.5 %-25.8 %-5.8 %-7.2 %
ROI10.0 %-18.8 %-8.7 %1.0 %0.8 %
Economic value added (EVA)-2 787.39-2 654.04-2 176.75-1 870.42-1 755.81
Solvency
Equity ratio31.4 %12.3 %-6.5 %-17.8 %-22.2 %
Gearing218.9 %713.6 %-1547.9 %-560.4 %-449.7 %
Relative net indebtedness %
Liquidity
Quick ratio1.90.61.91.1
Current ratio1.90.61.91.1
Cash and cash equivalents9.108.257.528.227.65
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:0.83%
Rating: 24/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:-22.2%
Rating: 0/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Chairman of the board

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