FRANK A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About FRANK A/S
FRANK A/S (CVR number: 43563211) is a company from VIBORG. The company reported a net sales of 0.2 mDKK in 2023, demonstrating a decline of -3.2 % compared to the previous year. The operating profit percentage was poor at -45.7 % (EBIT: -0.1 mDKK), while net earnings were 109 kDKK. The profitability of the company measured by Return on Assets (ROA) was 2.3 %, which can be considered weak and Return on Equity (ROE) was 1.8 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 85.4 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. FRANK A/S's liquidity measured by quick ratio was 3 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 | 126.35 | 551.33 | 146.05 | 191.74 | 185.59 |
Gross profit | 1 463.48 | 438.16 | -50.05 | - 164.52 | -73.98 |
EBIT | 1 457.80 | 438.16 | -53.55 | - 170.52 | -84.86 |
Net earnings | 1 507.39 | 682.64 | 482.80 | - 408.68 | 109.05 |
Shareholders equity total | 5 651.43 | 6 234.07 | 6 603.87 | 6 080.79 | 6 072.04 |
Balance sheet total (assets) | 6 311.77 | 6 854.91 | 7 264.60 | 6 556.37 | 7 114.03 |
Net debt | -3 094.45 | -3 171.52 | -3 084.02 | -2 147.74 | -1 840.36 |
Profitability | |||||
EBIT-% | 1153.8 % | 79.5 % | -36.7 % | -88.9 % | -45.7 % |
ROA | 33.9 % | 13.5 % | 8.9 % | 0.1 % | 2.3 % |
ROE | 30.5 % | 11.5 % | 7.5 % | -6.4 % | 1.8 % |
ROI | 35.0 % | 14.1 % | 9.1 % | 0.1 % | 2.3 % |
Economic value added (EVA) | 910.11 | 29.26 | - 374.66 | - 495.45 | - 383.10 |
Solvency | |||||
Equity ratio | 89.5 % | 90.9 % | 90.9 % | 92.7 % | 85.4 % |
Gearing | 6.2 % | 6.6 % | 8.4 % | 7.3 % | 16.9 % |
Relative net indebtedness % | -2202.9 % | -537.7 % | -2039.3 % | -1103.6 % | -982.8 % |
Liquidity | |||||
Quick ratio | 9.0 | 6.4 | 5.6 | 6.1 | 3.0 |
Current ratio | 9.0 | 6.4 | 5.6 | 6.1 | 3.0 |
Cash and cash equivalents | 3 443.72 | 3 585.16 | 3 639.28 | 2 591.66 | 2 865.85 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 181.5 | ||||
Net working capital % | 1473.2 % | 169.8 % | 10.8 % | -45.0 % | -338.0 % |
Credit risk | |||||
Credit rating | A | AA | A | A | A |
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