Forenede Fynske Vognmænd ApS — Credit Rating and Financial Key Figures

CVR number: 52356814
Logistikvej 25 A, Højme 5250 Odense SV

Company information

Official name
Forenede Fynske Vognmænd ApS
Established
1975
Domicile
Højme
Company form
Private limited company
Industry

About Forenede Fynske Vognmænd ApS

Forenede Fynske Vognmænd ApS (CVR number: 52356814) is a company from ODENSE. The company recorded a gross profit of 37 kDKK in 2023. The operating profit was 37 kDKK, while net earnings were 35.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 1.5 %, which can be considered weak and Return on Equity (ROE) was 3.6 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at -61 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Forenede Fynske Vognmænd ApS's liquidity measured by quick ratio was 0.4 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit-56.47303.91507.1611.6136.98
EBIT-2 087.95298.91148.837.7136.98
Net earnings-2 092.84292.38139.5010.5735.13
Shareholders equity total-1 899.24-1 606.86-1 467.36-1 456.79-1 421.66
Balance sheet total (assets)1 263.811 805.932 389.041 054.12909.43
Net debt-74.66- 993.42-1 152.44- 517.36- 622.06
Profitability
EBIT-%
ROA-87.1 %9.1 %4.1 %1.1 %1.5 %
ROE-287.2 %19.0 %6.7 %0.6 %3.6 %
ROI-1974.0 %4212.4 %4448.1 %4943.7 %
Economic value added (EVA)-2 081.08398.55279.76137.19136.19
Solvency
Equity ratio-60.0 %-47.1 %-38.0 %-58.0 %-61.0 %
Gearing-0.5 %-0.3 %-0.1 %
Relative net indebtedness %
Liquidity
Quick ratio0.40.50.60.40.4
Current ratio0.40.50.60.40.4
Cash and cash equivalents83.63998.641 153.91517.36622.06
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingCBBBBBBBB

Variable visualization

ROA:1.53%
Rating: 28/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:-61.0%
Rating: 0/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Chairman of the board
Board member

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