F.L. SOLRØD ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About F.L. SOLRØD ApS
F.L. SOLRØD ApS (CVR number: 13643245) is a company from SOLRØD. The company reported a net sales of 0.1 mDKK in 2023, demonstrating a growth of 40.5 % compared to the previous year. The operating profit percentage was at 4.3 % (EBIT: 0 mDKK), while net earnings were -27.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 0.3 %, which can be considered weak but Return on Equity (ROE) was -5.4 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 36.3 %, 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. F.L. SOLRØD ApS's liquidity measured by quick ratio was 17.2 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 financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 81.80 | 81.80 | 85.80 | 71.58 | 100.57 |
Gross profit | 10.11 | 17.64 | 16.04 | -15.62 | 4.31 |
EBIT | 10.11 | 17.64 | 16.04 | -15.62 | 4.31 |
Net earnings | 4.06 | 9.42 | 6.38 | -16.90 | -27.87 |
Shareholders equity total | 755.79 | 657.22 | 549.12 | 532.22 | 504.35 |
Balance sheet total (assets) | 1 966.58 | 1 809.83 | 1 650.08 | 1 459.74 | 1 389.44 |
Net debt | 468.93 | 552.94 | 645.44 | 791.11 | 859.61 |
Profitability | |||||
EBIT-% | 12.4 % | 21.6 % | 18.7 % | -21.8 % | 4.3 % |
ROA | 0.5 % | 0.9 % | 0.9 % | -1.0 % | 0.3 % |
ROE | 0.5 % | 1.3 % | 1.1 % | -3.1 % | -5.4 % |
ROI | 0.5 % | 1.0 % | 1.0 % | -1.0 % | 0.3 % |
Economic value added (EVA) | -52.62 | -47.78 | -48.30 | -72.21 | -63.04 |
Solvency | |||||
Equity ratio | 38.4 % | 36.3 % | 33.3 % | 36.5 % | 36.3 % |
Gearing | 145.7 % | 158.7 % | 179.3 % | 174.3 % | 175.5 % |
Relative net indebtedness % | 707.3 % | 809.6 % | 887.8 % | 1105.3 % | 854.7 % |
Liquidity | |||||
Quick ratio | 6.0 | 4.6 | 2.9 | 80.9 | 17.2 |
Current ratio | 6.0 | 4.6 | 2.9 | 80.9 | 17.2 |
Cash and cash equivalents | 632.22 | 490.38 | 339.27 | 136.41 | 25.49 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | 669.2 % | 478.0 % | 261.4 % | 207.3 % | 45.9 % |
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BBB | BBB |
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