JP FORMIDLING ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About JP FORMIDLING ApS
JP FORMIDLING ApS (CVR number: 28678193) is a company from IKAST-BRANDE. The company reported a net sales of 0.4 mDKK in 2023, demonstrating a decline of -41.4 % compared to the previous year. The operating profit percentage was at 50.6 % (EBIT: 0.2 mDKK), while net earnings were 146.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 29.3 %, which can be considered excellent and Return on Equity (ROE) was 30.5 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 69.9 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. JP FORMIDLING ApS's liquidity measured by quick ratio was 3.3 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 financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 812.04 | 1 594.53 | 1 151.38 | 633.81 | 371.53 |
Gross profit | 374.31 | 503.62 | 248.16 | 356.20 | 304.61 |
EBIT | 72.87 | 103.40 | - 213.19 | 87.12 | 187.87 |
Net earnings | 54.61 | 79.50 | - 214.77 | 84.88 | 146.59 |
Shareholders equity total | 283.57 | 519.64 | 399.65 | 404.84 | 557.55 |
Balance sheet total (assets) | 652.80 | 699.93 | 514.16 | 485.50 | 798.19 |
Net debt | 50.56 | - 139.99 | 3.81 | -48.68 | -81.70 |
Profitability | |||||
EBIT-% | 9.0 % | 6.5 % | -18.5 % | 13.7 % | 50.6 % |
ROA | 11.4 % | 15.3 % | -35.1 % | 17.4 % | 29.3 % |
ROE | 34.7 % | 19.8 % | -46.7 % | 21.1 % | 30.5 % |
ROI | 20.0 % | 22.8 % | -44.7 % | 19.8 % | 31.5 % |
Economic value added (EVA) | 63.66 | 69.09 | - 216.43 | 91.44 | 141.42 |
Solvency | |||||
Equity ratio | 43.4 % | 74.2 % | 77.7 % | 83.4 % | 69.9 % |
Gearing | 29.2 % | 3.9 % | 3.7 % | 14.7 % | 30.8 % |
Relative net indebtedness % | 41.5 % | 1.2 % | 9.0 % | -4.3 % | -3.4 % |
Liquidity | |||||
Quick ratio | 1.9 | 4.9 | 5.2 | 6.0 | 3.3 |
Current ratio | 1.9 | 5.1 | 5.4 | 6.0 | 3.3 |
Cash and cash equivalents | 32.17 | 160.48 | 11.01 | 107.99 | 253.30 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 224.0 | 103.5 | 147.4 | ||
Net working capital % | 31.3 % | 35.3 % | 36.4 % | 63.9 % | 150.1 % |
Credit risk | |||||
Credit rating | BBB | BBB | BB | BB | BBB |
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