Frigaard Landbrug ApS
Credit rating
Company information
About the company
Frigaard Landbrug ApS (CVR number: 39830167) is a company from RANDERS. The company recorded a gross profit of 1185 kDKK in 2023. The operating profit was 226.3 kDKK, while net earnings were -42.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 4.3 %, which can be considered decent but Return on Equity (ROE) was -2.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 30.3 %, 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. Frigaard Landbrug ApS's liquidity measured by quick ratio was 0.7 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 455.80 | 330.03 | 680.42 | 2 040.73 | 1 185.01 |
EBIT | 312.09 | 94.01 | 475.12 | 1 426.13 | 226.25 |
Net earnings | 216.15 | 21.81 | 237.33 | 1 063.74 | -42.31 |
Shareholders equity total | 266.15 | 287.97 | 525.30 | 1 589.04 | 1 546.74 |
Balance sheet total (assets) | 3 162.23 | 3 304.63 | 4 487.58 | 5 520.11 | 5 101.68 |
Net debt | - 315.75 | - 165.08 | 1 192.66 | - 165.88 | 1 270.76 |
Profitability | |||||
EBIT-% | |||||
ROA | 9.9 % | 2.9 % | 12.2 % | 29.0 % | 4.3 % |
ROE | 81.2 % | 7.9 % | 58.4 % | 100.6 % | -2.7 % |
ROI | 13.2 % | 4.0 % | 16.7 % | 40.5 % | 5.5 % |
Economic value added (EVA) | 260.81 | 96.50 | 419.02 | 1 083.61 | 146.36 |
Solvency | |||||
Equity ratio | 8.4 % | 8.7 % | 11.7 % | 28.8 % | 30.3 % |
Gearing | 114.8 % | 227.0 % | 27.8 % | 82.2 % | |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 0.7 | 0.5 | 0.6 | 0.7 | 0.7 |
Current ratio | 0.9 | 0.8 | 1.0 | 1.2 | 1.0 |
Cash and cash equivalents | 315.75 | 495.56 | 606.86 | ||
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BB | BB | BB | BBB | BB |
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