Frøkjær varme og energi ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Frøkjær varme og energi ApS
Frøkjær varme og energi ApS (CVR number: 40515739) is a company from VEJLE. The company reported a net sales of 0.9 mDKK in 2023, demonstrating a growth of 0.4 % compared to the previous year. The operating profit percentage was at 1.9 % (EBIT: 0 mDKK), while net earnings were 17.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 7.4 %, which can be considered decent but Return on Equity (ROE) was 18.6 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 36.4 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. Frøkjær varme og energi ApS's liquidity measured by quick ratio was 1.6 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 | 374.77 | 578.64 | 739.05 | 928.55 | 932.60 |
Gross profit | 236.05 | 437.87 | 406.00 | 379.00 | 409.50 |
EBIT | 40.41 | 9.78 | -4.87 | 14.88 | 17.27 |
Net earnings | 31.52 | 6.55 | -6.22 | 13.95 | 17.33 |
Shareholders equity total | 71.52 | 77.65 | 71.44 | 85.39 | 100.64 |
Balance sheet total (assets) | 123.72 | 185.12 | 161.31 | 191.56 | 276.86 |
Net debt | - 116.35 | - 143.16 | - 161.31 | - 153.85 | - 171.66 |
Profitability | |||||
EBIT-% | 10.8 % | 1.7 % | -0.7 % | 1.6 % | 1.9 % |
ROA | 32.7 % | 6.3 % | -2.8 % | 8.4 % | 7.4 % |
ROE | 44.1 % | 8.8 % | -8.3 % | 17.8 % | 18.6 % |
ROI | 56.5 % | 13.1 % | -6.5 % | 18.6 % | 18.0 % |
Economic value added (EVA) | 31.52 | 9.43 | -0.02 | 20.97 | 22.47 |
Solvency | |||||
Equity ratio | 57.8 % | 41.9 % | 44.3 % | 44.6 % | 36.4 % |
Gearing | 4.1 % | 3.5 % | |||
Relative net indebtedness % | -17.1 % | -6.2 % | -9.7 % | -5.5 % | 0.1 % |
Liquidity | |||||
Quick ratio | 2.4 | 1.7 | 1.8 | 1.8 | 1.6 |
Current ratio | 2.4 | 1.7 | 1.8 | 1.8 | 1.6 |
Cash and cash equivalents | 116.35 | 143.16 | 161.31 | 157.32 | 175.13 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 7.2 | 26.5 | 11.5 | 39.0 | |
Net working capital % | 19.1 % | 13.4 % | 9.7 % | 9.2 % | 10.8 % |
Credit risk | |||||
Credit rating | BB | BB | B | BB | BB |
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