Folmers Invest A/S — Credit Rating and Financial Key Figures

CVR number: 20677643
Damhus Boulevard 104, 2610 Rødovre
tel: 59180290

Credit rating

Company information

Official name
Folmers Invest A/S
Established
1998
Company form
Limited company
Industry

About Folmers Invest A/S

Folmers Invest A/S (CVR number: 20677643) is a company from RØDOVRE. The company recorded a gross profit of -64.1 kDKK in 2023. The operating profit was 5.3 kDKK, while net earnings were -88.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 0.3 %, which can be considered weak but Return on Equity (ROE) was -5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 30.7 %, 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. Folmers Invest A/S's liquidity measured by quick ratio was 0.1 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 profit125.5097.12-70.6550.67-64.08
EBIT125.50660.23-70.65-52.335.27
Net earnings38.16440.3816.91-50.77-88.36
Shareholders equity total1 393.841 834.221 851.121 800.361 711.99
Balance sheet total (assets)4 483.305 000.305 131.845 223.305 569.31
Net debt2 655.532 748.892 796.352 940.073 287.38
Profitability
EBIT-%
ROA3.4 %16.3 %1.7 %0.6 %0.3 %
ROE2.8 %27.3 %0.9 %-2.8 %-5.0 %
ROI3.4 %14.2 %1.8 %0.6 %0.3 %
Economic value added (EVA)36.87438.99- 137.65- 110.21-50.99
Solvency
Equity ratio31.1 %36.7 %36.1 %34.5 %30.7 %
Gearing202.7 %151.5 %155.9 %169.5 %202.7 %
Relative net indebtedness %
Liquidity
Quick ratio0.10.00.00.10.1
Current ratio0.10.00.00.10.1
Cash and cash equivalents170.1829.5990.03111.14182.96
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAABBBBBBBBB

Variable visualization

ROA:0.32%
Rating: 22/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:30.7%
Rating: 27/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Board member

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