Food Improve ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Food Improve ApS
Food Improve ApS (CVR number: 39075938) is a company from EGEDAL. The company recorded a gross profit of -14.7 kDKK in 2023. The operating profit was -14.7 kDKK, while net earnings were -14.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was -13 %, which can be considered poor and Return on Equity (ROE) was -19.3 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 66.3 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. Food Improve ApS's liquidity measured by quick ratio was 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 74.94 | 39.89 | 28.75 | 44.26 | -14.68 |
EBIT | 2.87 | -15.44 | 28.75 | 44.26 | -14.68 |
Net earnings | 1.82 | -12.44 | 22.13 | 33.56 | -14.78 |
Shareholders equity total | 40.80 | 28.36 | 50.49 | 84.05 | 69.26 |
Balance sheet total (assets) | 68.58 | 47.55 | 76.13 | 120.97 | 104.48 |
Net debt | -15.16 | -27.65 | -58.53 | -98.66 | -82.07 |
Profitability | |||||
EBIT-% | |||||
ROA | 4.6 % | -26.6 % | 46.5 % | 44.9 % | -13.0 % |
ROE | 4.6 % | -36.0 % | 56.1 % | 49.9 % | -19.3 % |
ROI | 5.6 % | -32.7 % | 52.0 % | 50.8 % | -14.8 % |
Economic value added (EVA) | 3.54 | -12.77 | 23.14 | 35.83 | -12.83 |
Solvency | |||||
Equity ratio | 59.5 % | 59.6 % | 66.3 % | 69.5 % | 66.3 % |
Gearing | 27.3 % | 49.8 % | 34.8 % | 26.5 % | 32.2 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 2.5 | 2.5 | 3.0 | 3.3 | 3.0 |
Current ratio | 2.5 | 2.5 | 3.0 | 3.3 | 3.0 |
Cash and cash equivalents | 26.32 | 41.79 | 76.09 | 120.97 | 104.38 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BB | BB | BB | B | B |
Variable visualization
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