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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 recorded a gross profit of -197.8 kDKK in 2024, demonstrating a decline of 0 % compared to the previous year. The operating profit was -373.3 kDKK, while net earnings were -375.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was -65.8 %, which can be considered poor and Return on Equity (ROE) was -98.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 60.1 %, 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 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 financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | 1 594.53 | 1 151.38 | 633.81 | 371.53 | |
| Gross profit | 503.62 | 248.16 | 356.20 | 304.61 | - 197.81 |
| EBIT | 103.40 | - 213.19 | 87.12 | 187.87 | - 373.29 |
| Net earnings | 79.50 | - 214.77 | 84.88 | 146.59 | - 375.17 |
| Shareholders equity total | 519.64 | 399.65 | 404.84 | 557.55 | 202.61 |
| Balance sheet total (assets) | 699.93 | 514.16 | 485.50 | 798.19 | 336.99 |
| Net debt | - 139.99 | 3.81 | -48.68 | -81.70 | -12.48 |
| Profitability | |||||
| EBIT-% | 6.5 % | -18.5 % | 13.7 % | 50.6 % | |
| ROA | 15.3 % | -35.1 % | 17.4 % | 29.3 % | -65.8 % |
| ROE | 19.8 % | -46.7 % | 21.1 % | 30.5 % | -98.7 % |
| ROI | 22.8 % | -44.7 % | 19.8 % | 31.5 % | -74.3 % |
| Economic value added (EVA) | 62.25 | - 240.33 | 66.29 | 123.22 | - 409.93 |
| Solvency | |||||
| Equity ratio | 74.2 % | 77.7 % | 83.4 % | 69.9 % | 60.1 % |
| Gearing | 3.9 % | 3.7 % | 14.7 % | 30.8 % | 35.8 % |
| Relative net indebtedness % | 1.2 % | 9.0 % | -4.3 % | -3.4 % | |
| Liquidity | |||||
| Quick ratio | 4.9 | 5.2 | 6.0 | 3.3 | 1.4 |
| Current ratio | 5.1 | 5.4 | 6.0 | 3.3 | 1.4 |
| Cash and cash equivalents | 160.48 | 11.01 | 107.99 | 253.30 | 84.92 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | 103.5 | 147.4 | |||
| Net working capital % | 35.3 % | 36.4 % | 63.9 % | 150.1 % | |
| Credit risk | |||||
| Credit rating | BBB | BB | BB | BBB | BB |
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