FURNITURE GROUP ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About FURNITURE GROUP ApS
FURNITURE GROUP ApS (CVR number: 25641442) is a company from AARHUS. The company reported a net sales of 0 mDKK in 2023, demonstrating a decline of 0 % compared to the previous year. The operating profit percentage was at 71.9 % (EBIT: 0 mDKK), while net earnings were 28.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 17.3 %, which can be considered excellent and Return on Equity (ROE) was 24 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 47.3 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. FURNITURE GROUP ApS's liquidity measured by quick ratio was 1.9 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 (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 40.00 | 40.00 | 40.00 | 40.00 | 40.00 |
Gross profit | 40.00 | 40.00 | 40.00 | 40.00 | 40.00 |
EBIT | 35.00 | 32.50 | 30.70 | 18.25 | 28.75 |
Net earnings | 34.80 | 32.12 | 29.79 | -53.28 | 28.05 |
Shareholders equity total | 269.30 | 246.42 | 156.22 | 102.93 | 130.98 |
Balance sheet total (assets) | 373.49 | 274.36 | 216.84 | 249.20 | 277.07 |
Net debt | 1.53 | -1.45 | -3.02 | 4.37 | -0.47 |
Profitability | |||||
EBIT-% | 87.5 % | 81.3 % | 76.8 % | 45.6 % | 71.9 % |
ROA | 13.6 % | 13.2 % | 15.9 % | -18.7 % | 17.3 % |
ROE | 13.8 % | 12.5 % | 14.8 % | -41.1 % | 24.0 % |
ROI | 19.1 % | 16.5 % | 19.3 % | -33.0 % | 38.1 % |
Economic value added (EVA) | 15.51 | 11.69 | 11.65 | 10.55 | 17.48 |
Solvency | |||||
Equity ratio | 72.1 % | 89.8 % | 72.0 % | 41.3 % | 47.3 % |
Gearing | 0.6 % | 0.7 % | 4.6 % | ||
Relative net indebtedness % | 260.2 % | 62.1 % | 144.0 % | 364.6 % | 364.1 % |
Liquidity | |||||
Quick ratio | 3.6 | 9.8 | 3.6 | 1.7 | 1.9 |
Current ratio | 3.6 | 9.8 | 3.6 | 1.7 | 1.9 |
Cash and cash equivalents | 0.12 | 3.10 | 3.02 | 0.42 | 0.47 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | 673.3 % | 616.1 % | 390.5 % | 245.4 % | 327.5 % |
Credit risk | |||||
Credit rating | BB | BB | BB | BB | BB |
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