Freedom Records ApS — Credit Rating and Financial Key Figures

CVR number: 35388907
Nordkrog 17, 2900 Hellerup
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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 -220.3 kDKK in 2024. The operating profit was -458.7 kDKK, while net earnings were -346.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was -9.1 %, which can be considered poor and Return on Equity (ROE) was -11.2 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 89 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. Freedom Records ApS's liquidity measured by quick ratio was 7.1 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
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit5 968.695 294.93198.65129.36- 220.25
EBIT2 772.551 478.03- 159.58-85.18- 458.69
Net earnings2 112.111 122.49- 131.19-76.16- 346.94
Shareholders equity total2 596.663 606.153 360.563 284.402 937.45
Balance sheet total (assets)3 665.324 712.864 096.364 781.854 446.13
Net debt-2 813.03-3 669.95-1 484.48420.91332.57
Profitability
EBIT-%
ROA96.4 %35.3 %-3.6 %-1.9 %-9.1 %
ROE102.3 %36.2 %-3.8 %-2.3 %-11.2 %
ROI132.5 %47.2 %-4.4 %-2.3 %-12.0 %
Economic value added (EVA)2 070.721 005.50- 308.16- 254.03- 553.19
Solvency
Equity ratio70.8 %76.5 %82.0 %86.8 %89.0 %
Gearing1.5 %0.6 %6.3 %13.7 %11.5 %
Relative net indebtedness %
Liquidity
Quick ratio3.14.14.96.77.1
Current ratio3.14.14.92.11.7
Cash and cash equivalents2 852.273 690.701 696.6528.585.95
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:-9.11%
Rating: 11/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:89.0%
Rating: 69/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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