EJENDOMSSELSKABET FORMERVANGEN 28 ApS — Credit Rating and Financial Key Figures

CVR number: 29212023
Markedspladsen 13, 5600 Faaborg
tel: 63617782

Company information

Official name
EJENDOMSSELSKABET FORMERVANGEN 28 ApS
Established
2005
Company form
Private limited company
Industry

About EJENDOMSSELSKABET FORMERVANGEN 28 ApS

EJENDOMSSELSKABET FORMERVANGEN 28 ApS (CVR number: 29212023) is a company from FAABORG-MIDTFYN. The company recorded a gross profit of 847.8 kDKK in 2023. The operating profit was 847.8 kDKK, while net earnings were -311 kDKK. The profitability of the company measured by Return on Assets (ROA) was 2.6 %, which can be considered weak but Return on Equity (ROE) was -4.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 20.8 %, 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. EJENDOMSSELSKABET FORMERVANGEN 28 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 profit1 825.421 742.45719.88-48.63847.84
EBIT1 825.421 742.451 719.89259.61847.84
Net earnings1 154.921 128.021 022.52- 297.99- 310.96
Shareholders equity total11 256.9812 385.007 407.527 109.536 798.57
Balance sheet total (assets)28 834.0429 232.4629 079.3532 844.0332 627.76
Net debt11 629.4210 654.5516 604.7820 952.7620 673.15
Profitability
EBIT-%
ROA5.8 %6.0 %5.9 %0.8 %2.6 %
ROE10.1 %9.5 %10.3 %-4.1 %-4.5 %
ROI6.3 %6.5 %6.2 %0.9 %2.6 %
Economic value added (EVA)260.79258.85233.02- 609.65-96.58
Solvency
Equity ratio39.0 %42.4 %25.5 %21.6 %20.8 %
Gearing104.7 %87.2 %225.2 %294.8 %306.2 %
Relative net indebtedness %
Liquidity
Quick ratio0.30.40.00.10.1
Current ratio0.30.40.00.10.1
Cash and cash equivalents158.85146.9279.353.46147.29
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAABBBA

Variable visualization

ROA:2.59%
Rating: 33/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:20.8%
Rating: 20/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer
Chief executive officer

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