Credit rating
Company information
About Frey A/S
Frey A/S (CVR number: 40101772) is a company from AARHUS. The company reported a net sales of 324.1 mUSD in 2023, demonstrating a growth of 30.6 % compared to the previous year. The operating profit percentage was at 0.9 % (EBIT: 2.8 mUSD), while net earnings were 3489 kUSD. The profitability of the company measured by Return on Assets (ROA) was 5.8 %, which can be considered decent but Return on Equity (ROE) was 8.2 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 55.2 %, 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. Frey A/S's liquidity measured by quick ratio was 1.8 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 (mUSD)
EBIT (mUSD)
Profitability
Solidity
Key figures (mUSD)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 105.23 | 248.06 | 324.09 | ||
Gross profit | -0.29 | 0.23 | 2.27 | 7.28 | 6.93 |
EBIT | -1.06 | -1.20 | 0.14 | 3.37 | 2.80 |
Net earnings | -1.07 | -1.30 | -0.38 | 3.15 | 3.49 |
Shareholders equity total | 3.89 | 2.93 | 2.81 | 40.83 | 44.41 |
Balance sheet total (assets) | 5.54 | 20.03 | 33.39 | 59.41 | 80.44 |
Net debt | -8.50 | 17.68 | |||
Profitability | |||||
EBIT-% | 0.1 % | 1.4 % | 0.9 % | ||
ROA | -24.8 % | -9.4 % | 0.5 % | 9.0 % | 5.8 % |
ROE | -31.2 % | -38.0 % | -13.2 % | 14.4 % | 8.2 % |
ROI | -25.0 % | -9.4 % | 0.5 % | 10.9 % | 7.6 % |
Economic value added (EVA) | -1.06 | -1.39 | -0.01 | 3.23 | 1.27 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 68.7 % | 55.2 % |
Gearing | 5.0 % | 47.1 % | |||
Relative net indebtedness % | 3.2 % | 10.1 % | |||
Liquidity | |||||
Quick ratio | 3.0 | 1.8 | |||
Current ratio | 3.3 | 2.3 | |||
Cash and cash equivalents | 10.52 | 3.23 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 40.3 | 61.7 | |||
Net working capital % | 16.6 % | 13.8 % | |||
Credit risk | |||||
Credit rating | B | BB | BB | BB | BBB |
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