FRITRADE SE — Credit Rating and Financial Key Figures
Credit rating
Company information
About FRITRADE SE
FRITRADE SE (CVR number: 27079792) is a company from KØBENHAVN. The company recorded a gross profit of -104.9 kDKK in 2023. The operating profit was -104.9 kDKK, while net earnings were 26.4 mDKK. The profitability of the company measured by Return on Assets (ROA) was 15.4 %, which can be considered excellent and Return on Equity (ROE) was 61.9 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 42 %, 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. FRITRADE SE's liquidity measured by quick ratio was 4.6 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 financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | - 772.00 | -33.00 | - 135.00 | - 275.00 | - 104.91 |
EBIT | - 772.00 | -33.00 | - 135.00 | - 275.00 | - 104.91 |
Net earnings | -42 813.00 | 26 018.00 | -7 356.00 | -29 488.00 | 26 448.40 |
Shareholders equity total | - 146 211.00 | - 120 193.00 | - 127 549.00 | - 157 036.00 | - 130 588.21 |
Balance sheet total (assets) | 64 442.00 | 80 022.00 | 80 038.00 | 42 833.00 | 42 658.48 |
Net debt | 205 670.00 | 192 663.00 | 203 427.00 | 195 360.00 | 160 642.62 |
Profitability | |||||
EBIT-% | |||||
ROA | -20.2 % | 14.3 % | -0.1 % | -13.5 % | 15.4 % |
ROE | -50.3 % | 36.0 % | -9.2 % | -48.0 % | 61.9 % |
ROI | -20.3 % | 14.4 % | -0.1 % | -13.5 % | 15.4 % |
Economic value added (EVA) | 6 106.84 | 8 287.21 | 6 938.77 | 7 182.86 | 8 529.00 |
Solvency | |||||
Equity ratio | 8.5 % | 10.7 % | 15.8 % | 60.4 % | 42.0 % |
Gearing | -140.7 % | -160.3 % | -159.5 % | -124.4 % | -123.0 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 1.0 | 1.1 | 1.1 | 4.6 | 4.6 |
Current ratio | 1.0 | 1.1 | 1.1 | 4.6 | 4.6 |
Cash and cash equivalents | 4.00 | 0.27 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BB | BBB | BBB | BB | BBB |
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