Fornæs Seafood A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Fornæs Seafood A/S
Fornæs Seafood A/S (CVR number: 40817972) is a company from NORDDJURS. The company recorded a gross profit of 2000.4 kDKK in 2024. The operating profit was -8074.8 kDKK, while net earnings were -8062.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was -62.3 %, which can be considered poor and Return on Equity (ROE) was -156.4 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 92 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. Fornæs Seafood A/S's liquidity measured by quick ratio was 38.6 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 3 747.34 | 7 905.70 | 2 615.49 | 5 176.18 | 2 000.38 |
EBIT | -5 590.77 | -2 273.76 | -6 345.43 | -2 970.69 | -8 074.83 |
Net earnings | -5 489.61 | -1 266.73 | -5 936.14 | -2 972.36 | -8 062.67 |
Shareholders equity total | 2 960.39 | 5 093.65 | 5 157.51 | 5 185.16 | 5 122.48 |
Balance sheet total (assets) | 17 317.97 | 24 204.35 | 21 571.85 | 20 325.45 | 5 568.71 |
Net debt | 8 794.46 | 13 683.55 | 10 352.00 | 10 130.65 | -0.30 |
Profitability | |||||
EBIT-% | |||||
ROA | -31.4 % | -10.1 % | -27.0 % | -13.6 % | -62.3 % |
ROE | -185.4 % | -31.5 % | -115.8 % | -57.5 % | -156.4 % |
ROI | -45.1 % | -13.5 % | -35.4 % | -18.0 % | -76.5 % |
Economic value added (EVA) | -5 590.77 | -1 760.16 | -6 159.95 | -3 208.52 | -8 273.39 |
Solvency | |||||
Equity ratio | 17.1 % | 21.0 % | 23.9 % | 25.5 % | 92.0 % |
Gearing | 299.1 % | 268.9 % | 200.8 % | 195.4 % | |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 0.3 | 0.3 | 0.2 | 0.2 | 38.6 |
Current ratio | 0.4 | 0.4 | 0.4 | 0.4 | 38.6 |
Cash and cash equivalents | 59.03 | 11.86 | 6.14 | 3.34 | 0.30 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BB | BBB | BB | BBB | B |
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