FYNS RIDEUDSTYR ApS — Credit Rating and Financial Key Figures

CVR number: 21067032
Rugårdsvej 910, Hindevad 5471 Søndersø
mathiasbernt@hotmail.com
tel: 23450434
www.fynsrideudstyr.dk

Credit rating

Company information

Official name
FYNS RIDEUDSTYR ApS
Personnel
4 persons
Established
1998
Domicile
Hindevad
Company form
Private limited company
Industry

About FYNS RIDEUDSTYR ApS

FYNS RIDEUDSTYR ApS (CVR number: 21067032) is a company from NORDFYNS. The company recorded a gross profit of 523.9 kDKK in 2023. The operating profit was 357.7 kDKK, while net earnings were 259.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 4.8 %, which can be considered decent but Return on Equity (ROE) was 18.8 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 41.8 %, 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. FYNS RIDEUDSTYR ApS's liquidity measured by quick ratio was 0.4 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit754.13538.82692.21718.81523.91
EBIT258.34171.53234.90212.44357.69
Net earnings158.09133.99137.29127.64259.17
Shareholders equity total938.751 072.731 210.031 277.671 476.84
Balance sheet total (assets)3 373.227 909.737 747.617 380.437 607.86
Net debt578.135 827.615 946.185 632.775 673.94
Profitability
EBIT-%
ROA8.0 %3.0 %3.0 %2.8 %4.8 %
ROE18.4 %13.3 %12.0 %10.3 %18.8 %
ROI12.0 %3.9 %3.3 %3.0 %5.0 %
Economic value added (EVA)121.5991.64- 122.96- 147.975.01
Solvency
Equity ratio42.7 %35.1 %37.6 %40.3 %41.8 %
Gearing69.4 %563.9 %492.7 %449.3 %385.7 %
Relative net indebtedness %
Liquidity
Quick ratio0.10.60.10.30.4
Current ratio1.33.03.55.13.6
Cash and cash equivalents72.90221.2316.12108.0421.94
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:4.78%
Rating: 42/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:41.8%
Rating: 34/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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