FK AF 1998 ApS — Credit Rating and Financial Key Figures

CVR number: 21499137
Høvevej 48, 4550 Asnæs

Credit rating

Company information

Official name
FK AF 1998 ApS
Established
1998
Company form
Private limited company
Industry

About FK AF 1998 ApS

FK AF 1998 ApS (CVR number: 21499137) is a company from ODSHERRED. The company recorded a gross profit of 15.5 kDKK in 2023. The operating profit was 1.7 kDKK, while net earnings were -39.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 0.8 %, which can be considered weak but Return on Equity (ROE) was -17 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 19.1 %, 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. FK AF 1998 ApS's liquidity measured by quick ratio was 0.1 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-4.31-4.46-4.3225.0315.49
EBIT-4.31-4.46-14.4511.291.74
Net earnings0.260.31-32.93-14.86-39.42
Shareholders equity total299.31299.62266.69251.83212.41
Balance sheet total (assets)304.60776.64778.461 168.751 110.70
Net debt- 204.46449.47455.18845.63822.64
Profitability
EBIT-%
ROA0.1 %-0.1 %-1.4 %2.4 %0.8 %
ROE0.1 %0.1 %-11.6 %-5.7 %-17.0 %
ROI0.1 %-0.1 %-1.4 %2.5 %0.8 %
Economic value added (EVA)-9.20-9.23-28.33-0.30-8.36
Solvency
Equity ratio98.3 %38.6 %34.3 %21.5 %19.1 %
Gearing157.9 %184.2 %356.0 %402.1 %
Relative net indebtedness %
Liquidity
Quick ratio57.60.30.20.20.1
Current ratio57.60.30.20.20.1
Cash and cash equivalents204.4623.5036.0850.7831.46
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBB

Variable visualization

ROA:0.79%
Rating: 24/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:19.1%
Rating: 18/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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