FRS HOLDING ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About FRS HOLDING ApS
FRS HOLDING ApS (CVR number: 31430283) is a company from VARDE. The company reported a net sales of -0.1 mDKK in 2024, demonstrating a decline of 6486.3 % compared to the previous year. The operating profit percentage was poor at 0 % (EBIT: 0.1 mDKK), while net earnings were -47.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 1.3 %, which can be considered weak but Return on Equity (ROE) was -1 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 54.9 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. FRS HOLDING ApS's liquidity measured by quick ratio was 15.3 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.
Financial information
See financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | 75.47 | -1.75 | - 115.13 | ||
| Gross profit | 512.83 | 419.45 | 528.15 | 350.50 | 287.79 |
| EBIT | 482.86 | 389.48 | 355.25 | 223.05 | 103.61 |
| Net earnings | 555.75 | 474.95 | 549.14 | 69.83 | -47.39 |
| Shareholders equity total | 3 971.73 | 4 333.68 | 4 768.42 | 4 720.45 | 4 551.06 |
| Balance sheet total (assets) | 8 803.51 | 8 308.88 | 8 762.73 | 8 540.84 | 8 284.46 |
| Net debt | 4 097.34 | 3 296.65 | 3 753.76 | 3 703.30 | 3 115.52 |
| Profitability | |||||
| EBIT-% | 470.7 % | ||||
| ROA | 9.3 % | 7.6 % | 9.5 % | 2.6 % | 1.3 % |
| ROE | 14.8 % | 11.4 % | 12.1 % | 1.5 % | -1.0 % |
| ROI | 9.4 % | 7.8 % | 9.7 % | 2.6 % | 1.3 % |
| Economic value added (EVA) | - 111.50 | - 135.18 | - 120.99 | - 259.49 | - 349.87 |
| Solvency | |||||
| Equity ratio | 45.2 % | 52.2 % | 54.4 % | 55.3 % | 54.9 % |
| Gearing | 113.3 % | 86.5 % | 79.7 % | 78.5 % | 79.3 % |
| Relative net indebtedness % | 5232.3 % | -218402.1 % | -2812.8 % | ||
| Liquidity | |||||
| Quick ratio | 3.5 | 5.5 | 7.5 | 22.1 | 15.3 |
| Current ratio | 3.2 | 5.5 | 7.5 | 22.1 | 15.3 |
| Cash and cash equivalents | 404.26 | 452.56 | 45.69 | 2.72 | 495.10 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | -0.0 | 0.2 | -0.0 | ||
| Net working capital % | 961.7 % | -36668.5 % | -474.9 % | ||
| Credit risk | |||||
| Credit rating | A | A | AA | A | A |
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