FRANDSEN FRUGT A/S — Credit Rating and Financial Key Figures

CVR number: 32280714
Strømøvej 3, 8700 Horsens

Credit rating

Company information

Official name
FRANDSEN FRUGT A/S
Personnel
7 persons
Established
2009
Company form
Limited company
Industry

About FRANDSEN FRUGT A/S

FRANDSEN FRUGT A/S (CVR number: 32280714) is a company from HORSENS. The company recorded a gross profit of 1406 kDKK in 2023. The operating profit was -445.7 kDKK, while net earnings were -365.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was -14.1 %, which can be considered poor and Return on Equity (ROE) was -19.9 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 54.5 %, 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. FRANDSEN FRUGT A/S's liquidity measured by quick ratio was 1.6 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit2 544.842 459.392 421.302 115.151 406.04
EBIT- 243.0338.93243.4959.69- 445.71
Net earnings- 201.2713.96174.0829.62- 365.89
Shareholders equity total1 799.731 813.691 987.772 017.391 651.50
Balance sheet total (assets)3 186.853 586.244 146.113 276.843 030.17
Net debt- 651.38- 789.98- 732.66-1 006.70- 708.73
Profitability
EBIT-%
ROA-7.0 %1.1 %6.4 %1.6 %-14.1 %
ROE-10.5 %0.8 %9.2 %1.5 %-19.9 %
ROI-11.0 %2.0 %11.9 %2.5 %-19.0 %
Economic value added (EVA)- 253.60-21.31138.24-3.03- 385.45
Solvency
Equity ratio56.5 %50.6 %47.9 %61.6 %54.5 %
Gearing6.9 %13.9 %19.1 %36.5 %
Relative net indebtedness %
Liquidity
Quick ratio1.31.41.51.81.6
Current ratio1.71.71.72.32.0
Cash and cash equivalents775.70789.981 009.191 392.441 310.84
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBAABBB

Variable visualization

ROA:-14.1%
Rating: 6/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:54.5%
Rating: 43/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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