FIBERLINE COMPOSITES A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About FIBERLINE COMPOSITES A/S
FIBERLINE COMPOSITES A/S (CVR number: 13639108) is a company from MIDDELFART. The company reported a net sales of 552.5 mDKK in 2023, demonstrating a decline of -47.9 % compared to the previous year. The operating profit percentage was poor at -16.9 % (EBIT: -93.6 mDKK), while net earnings were -114.3 mDKK. The profitability of the company measured by Return on Assets (ROA) was -12.9 %, which can be considered poor and Return on Equity (ROE) was -37.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -3.1 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. FIBERLINE COMPOSITES A/S's liquidity measured by quick ratio was 2.7 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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 451.31 | 590.58 | 729.64 | 1 060.05 | 552.53 |
Gross profit | 133.23 | 138.65 | 121.87 | 138.61 | 40.20 |
EBIT | -38.47 | -64.23 | -46.86 | -52.44 | -93.58 |
Net earnings | -43.99 | -36.88 | -27.06 | -97.68 | - 114.29 |
Shareholders equity total | 100.27 | 122.20 | 73.98 | -4.64 | -8.93 |
Balance sheet total (assets) | 496.40 | 356.64 | 424.78 | 677.28 | 475.86 |
Net debt | 307.02 | 351.19 | |||
Profitability | |||||
EBIT-% | -8.5 % | -10.9 % | -6.4 % | -4.9 % | -16.9 % |
ROA | -7.5 % | -15.1 % | -12.0 % | -14.1 % | -12.9 % |
ROE | -34.9 % | -33.2 % | -27.6 % | -48.4 % | -37.5 % |
ROI | -8.0 % | -15.1 % | -12.0 % | -13.8 % | -11.9 % |
Economic value added (EVA) | -49.41 | -69.27 | -53.00 | -58.07 | -89.79 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | -1.4 % | -3.1 % |
Gearing | -7246.7 % | -3933.3 % | |||
Relative net indebtedness % | 28.7 % | 51.2 % | |||
Liquidity | |||||
Quick ratio | 4.1 | 2.7 | |||
Current ratio | 8.5 | 6.2 | |||
Cash and cash equivalents | 29.01 | 0.14 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 44.5 | 17.8 | |||
Net working capital % | 36.8 % | 30.5 % | |||
Credit risk | |||||
Credit rating | BBB | BBB | BBB |
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