FRI Energy A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About FRI Energy A/S
FRI Energy A/S (CVR number: 36927208) is a company from FAVRSKOV. The company recorded a gross profit of -241.8 kDKK in 2023. The operating profit was -515.7 kDKK, while net earnings were -466.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was -8.6 %, which can be considered poor and Return on Equity (ROE) was -31.2 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -2.4 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. FRI Energy A/S'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 | 89.37 | 43.97 | 574.01 | 38.74 | - 241.82 |
EBIT | - 204.09 | -1 002.96 | 123.82 | - 149.15 | - 515.70 |
Net earnings | - 172.73 | - 788.74 | 104.45 | 68.53 | - 466.40 |
Shareholders equity total | 1 018.10 | 229.36 | 333.81 | 402.33 | -64.07 |
Balance sheet total (assets) | 1 585.87 | 1 671.32 | 6 513.28 | 7 862.64 | 2 583.68 |
Net debt | -16.33 | - 232.08 | -3 013.93 | -4 737.63 | - 431.71 |
Profitability | |||||
EBIT-% | |||||
ROA | -12.9 % | -61.1 % | 9.3 % | 6.3 % | -8.6 % |
ROE | -15.6 % | -126.5 % | 37.1 % | 18.6 % | -31.2 % |
ROI | -17.8 % | -145.9 % | 89.9 % | 87.6 % | -74.6 % |
Economic value added (EVA) | - 200.54 | - 835.29 | 92.13 | 42.70 | - 275.38 |
Solvency | |||||
Equity ratio | 64.2 % | 13.7 % | 5.1 % | 5.1 % | -2.4 % |
Gearing | 30.3 % | 36.3 % | 34.7 % | -1039.0 % | |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 2.0 | 0.9 | 1.0 | 1.0 | 0.7 |
Current ratio | 2.0 | 0.9 | 1.0 | 1.0 | 0.7 |
Cash and cash equivalents | 16.33 | 301.67 | 3 135.07 | 4 877.28 | 1 097.38 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | BB | BBB | BB | BB |
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