FFV SPILDEVAND A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About FFV SPILDEVAND A/S
FFV SPILDEVAND A/S (CVR number: 26514851) is a company from FAABORG-MIDTFYN. The company reported a net sales of 118.2 mDKK in 2023, demonstrating a growth of 17.5 % compared to the previous year. The operating profit percentage was at 40.2 % (EBIT: 47.5 mDKK), while net earnings were 48.1 mDKK. The profitability of the company measured by Return on Assets (ROA) was 4.6 %, which can be considered decent and Return on Equity (ROE) was 4.8 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 96 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. FFV SPILDEVAND A/S's liquidity measured by quick ratio was 3.1 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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 94.91 | 114.62 | 113.54 | 100.66 | 118.24 |
Gross profit | 77.96 | 97.62 | 95.16 | 78.43 | 96.01 |
EBIT | 35.07 | 57.32 | 51.72 | 31.66 | 47.52 |
Net earnings | 35.85 | 58.81 | 50.77 | 31.50 | 48.06 |
Shareholders equity total | 827.17 | 885.98 | 936.74 | 968.25 | 1 016.31 |
Balance sheet total (assets) | 883.89 | 937.15 | 991.78 | 1 031.18 | 1 058.30 |
Net debt | -13.77 | -2.69 | |||
Profitability | |||||
EBIT-% | 37.0 % | 50.0 % | 45.6 % | 31.5 % | 40.2 % |
ROA | 4.1 % | 6.3 % | 5.4 % | 3.2 % | 4.6 % |
ROE | 4.5 % | 6.9 % | 5.6 % | 3.3 % | 4.8 % |
ROI | 4.1 % | 6.3 % | 5.4 % | 3.2 % | 4.8 % |
Economic value added (EVA) | -4.73 | 15.76 | 7.20 | -15.41 | -0.37 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 93.9 % | 96.0 % |
Gearing | 2.8 % | 2.7 % | |||
Relative net indebtedness % | 21.6 % | 10.2 % | |||
Liquidity | |||||
Quick ratio | 1.7 | 3.1 | |||
Current ratio | 1.8 | 3.2 | |||
Cash and cash equivalents | 41.19 | 29.89 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 2.6 | 11.4 | |||
Net working capital % | 27.7 % | 31.0 % | |||
Credit risk | |||||
Credit rating | A | BBB | BBB | AAA | AAA |
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