Front Security ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Front Security ApS
Front Security ApS (CVR number: 38264397) is a company from FREDERICIA. The company recorded a gross profit of -19.1 kDKK in 2023. The operating profit was -26.9 kDKK, while net earnings were -28.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was -36.2 %, which can be considered poor and Return on Equity (ROE) was -92.4 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 30.8 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. Front Security ApS'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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 103.60 | 45.83 | 1.60 | -7.47 | -19.13 |
EBIT | 24.74 | 27.75 | -8.10 | -12.17 | -26.88 |
Net earnings | 19.57 | 19.92 | -8.11 | -9.78 | -28.10 |
Shareholders equity total | 42.45 | 62.37 | 54.26 | 44.48 | 16.38 |
Balance sheet total (assets) | 142.73 | 167.72 | 130.69 | 95.34 | 53.13 |
Net debt | -27.67 | -65.73 | -36.31 | -27.65 | -51.46 |
Profitability | |||||
EBIT-% | |||||
ROA | 19.3 % | 17.9 % | -5.4 % | -10.8 % | -36.2 % |
ROE | 59.9 % | 38.0 % | -13.9 % | -19.8 % | -92.4 % |
ROI | 22.8 % | 21.5 % | -6.0 % | -10.8 % | -48.3 % |
Economic value added (EVA) | 23.05 | 25.30 | -3.22 | -6.26 | -25.20 |
Solvency | |||||
Equity ratio | 29.7 % | 37.2 % | 41.5 % | 46.7 % | 30.8 % |
Gearing | 177.6 % | 120.9 % | 139.0 % | 113.3 % | |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 1.1 | 1.4 | 1.6 | 1.7 | 1.4 |
Current ratio | 1.1 | 1.4 | 1.6 | 1.7 | 1.4 |
Cash and cash equivalents | 103.08 | 141.14 | 111.71 | 78.06 | 51.46 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BB | BB | BB | BB | B |
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