Farm to Fork ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Farm to Fork ApS
Farm to Fork ApS (CVR number: 41486899) is a company from VARDE. The company recorded a gross profit of -2.2 kDKK in 2023. The operating profit was -22.2 kDKK, while net earnings were -27.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was -42.2 %, which can be considered poor and Return on Equity (ROE) was -117.6 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 44.7 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. Farm to Fork ApS's liquidity measured by quick ratio was 0.7 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2021 | 2022 | 2023 | |
|---|---|---|---|
| Volume | |||
| Net sales | |||
| Gross profit | 8.56 | 4.65 | -2.23 |
| EBIT | 4.13 | -5.75 | -22.16 |
| Net earnings | 2.82 | -5.23 | -27.83 |
| Shareholders equity total | 42.82 | 37.59 | 9.76 |
| Balance sheet total (assets) | 96.57 | 83.15 | 21.83 |
| Net debt | 8.32 | -1.21 | 1.58 |
| Profitability | |||
| EBIT-% | |||
| ROA | 4.3 % | -6.4 % | -42.2 % |
| ROE | 6.6 % | -13.0 % | -117.6 % |
| ROI | 4.5 % | -7.0 % | -52.4 % |
| Economic value added (EVA) | 4.13 | -5.15 | -22.20 |
| Solvency | |||
| Equity ratio | 44.3 % | 45.2 % | 44.7 % |
| Gearing | 112.0 % | 94.6 % | 16.2 % |
| Relative net indebtedness % | |||
| Liquidity | |||
| Quick ratio | 0.9 | 1.0 | 0.7 |
| Current ratio | 0.9 | 1.0 | 0.7 |
| Cash and cash equivalents | 39.63 | 36.77 | |
| Capital use efficiency | |||
| Trade debtors turnover (days) | |||
| Net working capital % | |||
| Credit risk | |||
| Credit rating | BB | BB | BB |
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