FRONTIER HOLDING ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About FRONTIER HOLDING ApS
FRONTIER HOLDING ApS (CVR number: 19538494) is a company from GREVE. The company recorded a gross profit of -190.7 kDKK in 2023. The operating profit was -386.7 kDKK, while net earnings were 6485.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 6.2 %, which can be considered decent but Return on Equity (ROE) was 9 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 71.8 %, 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. FRONTIER HOLDING ApS's liquidity measured by quick ratio was 1.3 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | - 401.98 | - 397.12 | - 208.13 | - 282.36 | - 190.68 |
EBIT | - 509.70 | - 504.85 | - 404.18 | - 478.41 | - 386.72 |
Net earnings | 5 420.96 | 8 426.39 | 4 908.23 | 11 961.55 | 6 485.46 |
Shareholders equity total | 53 826.35 | 59 947.99 | 55 593.22 | 66 918.54 | 77 809.24 |
Balance sheet total (assets) | 92 121.43 | 105 917.21 | 95 423.28 | 101 749.07 | 108 419.20 |
Net debt | -38 230.74 | -10 521.43 | -12 899.89 | -22 491.47 | -31 610.93 |
Profitability | |||||
EBIT-% | |||||
ROA | 6.5 % | 10.2 % | 4.9 % | 12.5 % | 6.2 % |
ROE | 8.1 % | 14.8 % | 8.5 % | 19.5 % | 9.0 % |
ROI | 8.9 % | 12.5 % | 4.9 % | 12.5 % | 6.2 % |
Economic value added (EVA) | 1 056.44 | 1 833.26 | 1 305.30 | 1 170.91 | 1 283.75 |
Solvency | |||||
Equity ratio | 58.4 % | 56.6 % | 58.3 % | 65.8 % | 71.8 % |
Gearing | 67.0 % | 76.4 % | 69.2 % | 50.8 % | 38.3 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 0.7 | 0.7 | 0.9 | 1.0 | 1.3 |
Current ratio | 0.7 | 0.7 | 0.9 | 1.0 | 1.3 |
Cash and cash equivalents | 74 290.82 | 56 325.42 | 51 358.24 | 56 470.21 | 61 411.11 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | A | A | A | A | A |
Variable visualization
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