FRONTIER TRADING A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About FRONTIER TRADING A/S
FRONTIER TRADING A/S (CVR number: 19489671) is a company from GREVE. The company reported a net sales of 1353.3 mDKK in 2023, demonstrating a decline of -9 % compared to the previous year. The operating profit percentage was at 0.7 % (EBIT: 9.3 mDKK), while net earnings were 3918.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 5.2 %, which can be considered decent but Return on Equity (ROE) was 8.8 %, which can be considered good. 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. FRONTIER TRADING A/S's liquidity measured by quick ratio was 1.4 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 1 024.44 | 963.37 | 1 145.14 | 1 487.42 | 1 353.25 |
Gross profit | 29.19 | 20.26 | 21.38 | 26.94 | 21.88 |
EBIT | 18.05 | 10.02 | 7.27 | 11.73 | 9.25 |
Net earnings | 15.11 | 7.59 | 5.37 | 7.37 | 3.92 |
Shareholders equity total | 36.20 | 41.49 | 33.59 | 40.33 | 48.65 |
Balance sheet total (assets) | 129.67 | 123.77 | 131.43 | 180.34 | 178.91 |
Net debt | -63.70 | -52.54 | -81.24 | -63.20 | -62.30 |
Profitability | |||||
EBIT-% | 1.8 % | 1.0 % | 0.6 % | 0.8 % | 0.7 % |
ROA | 13.8 % | 9.5 % | 5.7 % | 7.5 % | 5.2 % |
ROE | 42.3 % | 19.5 % | 14.3 % | 19.9 % | 8.8 % |
ROI | 52.4 % | 27.8 % | 17.9 % | 31.8 % | 21.1 % |
Economic value added (EVA) | 15.16 | 7.82 | 6.59 | 11.45 | 7.60 |
Solvency | |||||
Equity ratio | 27.9 % | 33.5 % | 25.6 % | 22.4 % | 27.2 % |
Gearing | 7.9 % | 15.1 % | |||
Relative net indebtedness % | 2.6 % | 2.4 % | 1.4 % | 5.2 % | 5.0 % |
Liquidity | |||||
Quick ratio | 1.4 | 1.5 | 1.3 | 1.3 | 1.4 |
Current ratio | 1.4 | 1.5 | 1.3 | 1.3 | 1.4 |
Cash and cash equivalents | 66.54 | 58.80 | 81.24 | 63.20 | 62.30 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 20.9 | 22.6 | 15.6 | 27.2 | 27.6 |
Net working capital % | 0.2 % | -0.4 % | -0.4 % | 0.2 % | 0.4 % |
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BBB | BBB |
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