Frigaard Landbrug ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Frigaard Landbrug ApS
Frigaard Landbrug ApS (CVR number: 39830167) is a company from RANDERS. The company recorded a gross profit of 752.5 kDKK in 2024. The operating profit was 98.2 kDKK, while net earnings were -140.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 2.1 %, which can be considered weak but Return on Equity (ROE) was -9.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 25.3 %, 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 0.5 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 financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | 330.03 | 680.42 | 2 040.73 | 1 185.01 | 752.48 |
| EBIT | 94.01 | 475.12 | 1 426.13 | 226.25 | 98.15 |
| Net earnings | 21.81 | 237.33 | 1 063.74 | -42.31 | - 140.36 |
| Shareholders equity total | 287.97 | 525.30 | 1 589.04 | 1 546.74 | 1 406.37 |
| Balance sheet total (assets) | 3 304.63 | 4 487.58 | 5 520.11 | 5 101.68 | 5 562.13 |
| Net debt | - 165.08 | 1 192.66 | - 165.88 | 1 270.76 | 2 072.99 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 2.9 % | 12.2 % | 29.0 % | 4.3 % | 2.1 % |
| ROE | 7.9 % | 58.4 % | 100.6 % | -2.7 % | -9.5 % |
| ROI | 4.0 % | 16.7 % | 40.5 % | 5.5 % | 2.6 % |
| Economic value added (EVA) | -24.81 | 288.67 | 943.90 | 1.19 | - 138.36 |
| Solvency | |||||
| Equity ratio | 8.7 % | 11.7 % | 28.8 % | 30.3 % | 25.3 % |
| Gearing | 114.8 % | 227.0 % | 27.8 % | 82.2 % | 147.4 % |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 0.5 | 0.6 | 0.7 | 0.7 | 0.5 |
| Current ratio | 0.8 | 1.0 | 1.2 | 1.0 | 0.7 |
| Cash and cash equivalents | 495.56 | 606.86 | |||
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BBB | BBB | BBB | BBB | BBB |
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