Freedom Records ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 3 321.65 | 5 968.69 | 5 294.93 | 198.65 | 129.36 |
EBIT | -1 720.51 | 2 772.55 | 1 478.03 | - 159.58 | -85.18 |
Net earnings | -1 421.59 | 2 112.11 | 1 122.49 | - 131.19 | -76.16 |
Shareholders equity total | 1 534.55 | 2 596.66 | 3 606.15 | 3 360.56 | 3 284.40 |
Balance sheet total (assets) | 2 085.64 | 3 665.32 | 4 712.86 | 4 096.36 | 4 781.85 |
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) | -1 484.29 | 2 098.63 | 1 150.80 | - 121.66 | - 158.11 |
Solvency | |||||
Equity ratio | 73.6 % | 70.8 % | 76.5 % | 82.0 % | 68.7 % |
Gearing | 0.9 % | 1.5 % | 0.6 % | 6.3 % | 0.6 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 2.8 | 3.1 | 4.1 | 4.9 | 2.1 |
Current ratio | 2.8 | 3.1 | 4.1 | 4.9 | 2.1 |
Cash and cash equivalents | 491.07 | 2 852.27 | 3 690.70 | 1 696.65 | 28.58 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | A | A | BBB | BBB |
Variable visualization
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