FROSTLINE A/S — Credit Rating and Financial Key Figures

CVR number: 29167885
Trindsøvej 10, 8000 Aarhus C
info@frostline.dk
tel: 87243088
www.frostline.dk

Company information

Official name
FROSTLINE A/S
Personnel
9 persons
Established
2005
Company form
Limited company
Industry

About FROSTLINE A/S

FROSTLINE A/S (CVR number: 29167885) is a company from AARHUS. The company recorded a gross profit of 3247.5 kDKK in 2023. The operating profit was -4467.7 kDKK, while net earnings were -5104 kDKK. The profitability of the company measured by Return on Assets (ROA) was -60.4 %, which can be considered poor and Return on Equity (ROE) was -106.1 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 27.2 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. FROSTLINE 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
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit601.42577.01951.5152.813 247.55
EBIT- 747.40- 439.86202.94- 368.90-4 467.69
Net earnings- 178.24- 484.70121.06- 710.53-5 103.96
Shareholders equity total1 862.161 377.461 498.53788.00-3 834.16
Balance sheet total (assets)2 905.702 078.992 381.472 120.448 829.29
Net debt779.41148.80377.94929.7011 021.27
Profitability
EBIT-%
ROA-26.0 %-17.6 %9.1 %-16.4 %-60.4 %
ROE-9.1 %-29.9 %8.4 %-62.1 %-106.1 %
ROI-28.0 %-20.1 %11.3 %-20.1 %-69.6 %
Economic value added (EVA)- 598.40- 544.98114.32- 332.14-4 285.72
Solvency
Equity ratio64.1 %66.3 %62.9 %37.2 %27.2 %
Gearing44.5 %17.8 %25.3 %118.1 %-288.0 %
Relative net indebtedness %
Liquidity
Quick ratio1.81.41.30.60.3
Current ratio2.73.02.61.50.9
Cash and cash equivalents48.4696.370.610.9319.73
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBB

Variable visualization

ROA:-60.4%
Rating: 0/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:27.2%
Rating: 24/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Board member
Board member
Board member
Chairman of the board

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