Freedom Records ApS — Credit Rating and Financial Key Figures

CVR number: 35388907
Nordkrog 17, 2900 Hellerup

Credit rating

Company information

Official name
Freedom Records ApS
Personnel
1 person
Established
2013
Company form
Private limited company
Industry

About Freedom Records ApS

Freedom Records ApS (CVR number: 35388907) is a company from KØBENHAVN. The company recorded a gross profit of 129.4 kDKK in 2023. The operating profit was -85.2 kDKK, while net earnings were -76.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was -1.9 %, which can be considered poor and Return on Equity (ROE) was -2.3 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 68.7 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. Freedom Records ApS's liquidity measured by quick ratio was 2.1 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit3 321.655 968.695 294.93198.65129.36
EBIT-1 720.512 772.551 478.03- 159.58-85.18
Net earnings-1 421.592 112.111 122.49- 131.19-76.16
Shareholders equity total1 534.552 596.663 606.153 360.563 284.40
Balance sheet total (assets)2 085.643 665.324 712.864 096.364 781.85
Net debt- 476.60-2 813.03-3 669.95-1 484.48-8.49
Profitability
EBIT-%
ROA-62.1 %96.4 %35.3 %-3.6 %-1.9 %
ROE-61.8 %102.3 %36.2 %-3.8 %-2.3 %
ROI-74.0 %132.5 %47.2 %-4.4 %-2.5 %
Economic value added (EVA)-1 484.292 098.631 150.80- 121.66- 158.11
Solvency
Equity ratio73.6 %70.8 %76.5 %82.0 %68.7 %
Gearing0.9 %1.5 %0.6 %6.3 %0.6 %
Relative net indebtedness %
Liquidity
Quick ratio2.83.14.14.92.1
Current ratio2.83.14.14.92.1
Cash and cash equivalents491.072 852.273 690.701 696.6528.58
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBAABBBBBB

Variable visualization

ROA:-1.92%
Rating: 18/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:68.7%
Rating: 52/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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