Faaborg-Midtfyns IT ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Faaborg-Midtfyns IT ApS
Faaborg-Midtfyns IT ApS (CVR number: 38757709) is a company from FAABORG-MIDTFYN. The company recorded a gross profit of 0.1 kDKK in 2024. The operating profit was -1.5 kDKK, while net earnings were -1.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was -0.8 %, which can be considered poor and Return on Equity (ROE) was -1.1 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 77 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. Faaborg-Midtfyns IT ApS's liquidity measured by quick ratio was 4.3 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | -5.08 | - 120.43 | -52.14 | 49.28 | 0.12 |
| EBIT | -13.10 | - 124.31 | -52.14 | 49.28 | -1.49 |
| Net earnings | -16.01 | - 136.94 | -52.64 | 49.28 | -1.51 |
| Shareholders equity total | 283.14 | 146.20 | 93.55 | 142.83 | 141.33 |
| Balance sheet total (assets) | 468.68 | 177.25 | 135.63 | 192.67 | 183.59 |
| Net debt | - 411.45 | - 139.07 | -80.33 | -58.89 | - 128.08 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | -2.7 % | -38.5 % | -33.3 % | 30.0 % | -0.8 % |
| ROE | -5.5 % | -63.8 % | -43.9 % | 41.7 % | -1.1 % |
| ROI | -4.3 % | -54.1 % | -37.7 % | 34.1 % | -0.9 % |
| Economic value added (EVA) | -29.40 | - 138.15 | -60.25 | 43.50 | -10.23 |
| Solvency | |||||
| Equity ratio | 60.4 % | 82.5 % | 69.0 % | 74.1 % | 77.0 % |
| Gearing | 5.4 % | 10.5 % | 22.9 % | 21.7 % | 18.8 % |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 2.5 | 5.7 | 3.2 | 3.9 | 4.3 |
| Current ratio | 2.5 | 5.7 | 3.2 | 3.9 | 4.3 |
| Cash and cash equivalents | 426.75 | 154.37 | 101.78 | 89.91 | 154.60 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BB | B | B | BB | B |
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