FIRST LEASE A/S — Credit Rating and Financial Key Figures

CVR number: 26372089
Herstedøstervej 27, 2620 Albertslund
info@firstlease.dk
tel: 27272300
www.firstlease.dk

Company information

Official name
FIRST LEASE A/S
Personnel
24 persons
Established
2001
Company form
Limited company
Industry

About FIRST LEASE A/S

FIRST LEASE A/S (CVR number: 26372089) is a company from ALBERTSLUND. The company recorded a gross profit of 141.8 mDKK in 2024. The operating profit was 23.8 mDKK, while net earnings were 6946.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 5.7 %, which can be considered decent but Return on Equity (ROE) was 9.7 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 17.7 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. FIRST LEASE A/S's liquidity measured by quick ratio was 0.3 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
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit151 227.33141 810.75
EBIT9 693.0016 610.0019 907.0028 335.1423 773.48
Net earnings6 349.008 704.008 775.008 076.886 946.39
Shareholders equity total46 437.0054 141.0061 916.0068 493.0674 439.45
Balance sheet total (assets)431 106.00440 017.00446 018.00428 152.80420 278.06
Net debt-5 908.06-13 706.18
Profitability
EBIT-%
ROA2.5 %3.8 %4.5 %6.5 %5.7 %
ROE14.7 %17.3 %15.1 %12.4 %9.7 %
ROI2.5 %3.8 %4.5 %8.1 %9.2 %
Economic value added (EVA)7 678.5814 276.5417 186.4118 972.325 575.12
Solvency
Equity ratio100.0 %100.0 %100.0 %16.0 %17.7 %
Gearing0.1 %2.2 %
Relative net indebtedness %
Liquidity
Quick ratio0.30.3
Current ratio0.40.5
Cash and cash equivalents5 963.3415 363.42
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBAA

Variable visualization

ROA:5.71%
Rating: 45/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:17.7%
Rating: 17/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Board member
Board member
Chief executive officer
Board member

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