FORENEDE TEXTIL HOLDING A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About FORENEDE TEXTIL HOLDING A/S
FORENEDE TEXTIL HOLDING A/S (CVR number: 14128107) is a company from JAMMERBUGT. The company recorded a gross profit of -253.4 kDKK in 2024. The operating profit was -253.4 kDKK, while net earnings were 82.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 0.8 %, which can be considered weak and Return on Equity (ROE) was 0.8 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 99.5 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. FORENEDE TEXTIL HOLDING A/S's liquidity measured by quick ratio was 188.1 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 financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | -53.63 | - 314.16 | - 354.85 | - 237.40 | - 253.35 |
EBIT | -53.63 | - 314.16 | -2 244.77 | - 237.40 | - 253.35 |
Net earnings | 3 898.23 | 2 882.60 | -2 664.96 | 1 019.23 | 82.73 |
Shareholders equity total | 37 734.85 | 39 117.45 | 29 452.49 | 12 471.73 | 9 054.46 |
Balance sheet total (assets) | 37 798.04 | 39 758.66 | 29 501.83 | 12 521.37 | 9 102.86 |
Net debt | -11 564.86 | -26 734.28 | -20 864.63 | -3 716.89 | -7 532.61 |
Profitability | |||||
EBIT-% | |||||
ROA | 11.9 % | 8.4 % | -1.3 % | 6.5 % | 0.8 % |
ROE | 10.7 % | 7.5 % | -7.8 % | 4.9 % | 0.8 % |
ROI | 11.9 % | 8.5 % | -1.3 % | 6.5 % | 0.8 % |
Economic value added (EVA) | -43.93 | 232.07 | -2 408.05 | - 565.85 | -1 045.95 |
Solvency | |||||
Equity ratio | 99.8 % | 98.4 % | 99.8 % | 99.6 % | 99.5 % |
Gearing | 0.0 % | 0.0 % | |||
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 291.8 | 54.5 | 500.0 | 135.6 | 188.1 |
Current ratio | 291.8 | 54.5 | 500.0 | 135.6 | 188.1 |
Cash and cash equivalents | 11 564.86 | 26 734.28 | 20 864.63 | 3 717.49 | 7 533.21 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | A | A | BBB | A | BB |
Variable visualization
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