BALTIC FARMS A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About BALTIC FARMS A/S
BALTIC FARMS A/S (CVR number: 26893291) is a company from LOLLAND. The company recorded a gross profit of -83.4 kDKK in 2023. The operating profit was -83.4 kDKK, while net earnings were -293.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was -0.9 %, which can be considered poor and Return on Equity (ROE) was -1.3 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 93.2 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. BALTIC FARMS A/S's liquidity measured by quick ratio was 4.1 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 | -39.61 | -28.62 | -37.99 | -70.15 | -83.36 |
EBIT | -39.61 | -28.62 | -37.99 | -70.15 | -83.36 |
Net earnings | 3 640.46 | 1 658.35 | -4 934.53 | -1 255.57 | - 293.43 |
Shareholders equity total | 28 078.83 | 29 737.18 | 24 802.65 | 23 547.08 | 23 253.65 |
Balance sheet total (assets) | 29 410.86 | 31 108.36 | 26 410.14 | 25 185.69 | 24 943.34 |
Net debt | 310.18 | 357.24 | 585.36 | 114.30 | 293.13 |
Profitability | |||||
EBIT-% | |||||
ROA | 13.3 % | 7.2 % | -17.0 % | -4.6 % | -0.9 % |
ROE | 13.9 % | 5.7 % | -18.1 % | -5.2 % | -1.3 % |
ROI | 13.5 % | 7.4 % | -17.5 % | -4.8 % | -0.9 % |
Economic value added (EVA) | - 595.24 | - 723.56 | - 319.35 | - 290.11 | - 279.16 |
Solvency | |||||
Equity ratio | 95.5 % | 95.6 % | 93.9 % | 93.5 % | 93.2 % |
Gearing | 1.2 % | 1.2 % | 2.4 % | 2.5 % | 2.6 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 13.3 | 5.9 | 4.2 | 4.2 | 4.1 |
Current ratio | 13.3 | 5.9 | 4.2 | 4.2 | 4.1 |
Cash and cash equivalents | 40.39 | 10.85 | 482.52 | 315.03 | |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | AA | AA | BBB | A | A |
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