FS FINANS III A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About FS FINANS III A/S
FS FINANS III A/S (CVR number: 32321577) is a company from KØBENHAVN. The company recorded a gross profit of 0 kDKK in 2023. The operating profit was -59.9 mDKK, while net earnings were 68 kDKK. The profitability of the company measured by Return on Assets (ROA) was -0.5 %, which can be considered poor but Return on Equity (ROE) was 12.1 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 0 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. FS FINANS III A/S's liquidity measured by quick ratio was 91.6 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 225 222.00 | ||||
EBIT | - 110 101.00 | -4 697.00 | -53 934.00 | -16 826.00 | -59 945.00 |
Net earnings | 50.00 | 50.00 | 50.00 | 54.00 | 68.00 |
Shareholders equity total | 550.00 | 550.00 | 550.00 | 554.00 | 568.00 |
Balance sheet total (assets) | 1 896 873.00 | 1 877 058.00 | 1 875 286.00 | 1 871 577.00 | 1 925 622.00 |
Net debt | -4 736.00 | -4 198.00 | -4 253.00 | -5 095.00 | -67.00 |
Profitability | |||||
EBIT-% | |||||
ROA | -6.7 % | -0.1 % | -3.9 % | -1.0 % | -0.5 % |
ROE | 9.1 % | 9.1 % | 9.1 % | 9.8 % | 12.1 % |
ROI | -5.7 % | -0.4 % | -1.8 % | -0.8 % | 0.0 % |
Economic value added (EVA) | - 109 725.23 | -4 484.09 | -53 750.69 | -16 639.92 | -59 716.81 |
Solvency | |||||
Equity ratio | 0.0 % | 0.0 % | 0.0 % | 0.0 % | 0.0 % |
Gearing | 9.3 % | ||||
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 82.1 | 77.9 | 112.6 | 101.6 | 91.6 |
Current ratio | 82.1 | 77.9 | 112.6 | 101.6 | 91.6 |
Cash and cash equivalents | 4 787.00 | 4 198.00 | 4 253.00 | 5 095.00 | 67.00 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BB | B | BB | BB | BB |
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