FONDEN MADE IN DENMARK GOLF — Credit Rating and Financial Key Figures
Credit rating
Company information
About FONDEN MADE IN DENMARK GOLF
FONDEN MADE IN DENMARK GOLF (CVR number: 35526854) is a company from VESTHIMMERLANDS. The company recorded a gross profit of 11.8 kDKK in 2024. The operating profit was 11.8 kDKK, while net earnings were 190.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 1.8 %, which can be considered weak but Return on Equity (ROE) was 6.5 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 98.9 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. FONDEN MADE IN DENMARK GOLF's liquidity measured by quick ratio was 87.4 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 financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | - 605.36 | 1 425.86 | 1 134.30 | 1 408.59 | 11.84 |
EBIT | -1 398.31 | 487.62 | 388.01 | -4.57 | 11.84 |
Net earnings | -1 510.17 | 373.84 | 340.14 | 116.24 | 190.63 |
Shareholders equity total | 2 002.34 | 2 376.18 | 2 716.33 | 2 832.56 | 3 023.19 |
Balance sheet total (assets) | 14 295.62 | 15 678.83 | 19 419.35 | 18 782.59 | 3 058.19 |
Net debt | -9 112.68 | -10 634.53 | -3 432.17 | -4 638.91 | -3 021.73 |
Profitability | |||||
EBIT-% | |||||
ROA | -7.7 % | 3.3 % | 2.4 % | 1.1 % | 1.8 % |
ROE | -54.8 % | 17.1 % | 13.4 % | 4.2 % | 6.5 % |
ROI | -10.2 % | 6.3 % | 16.2 % | 7.9 % | 6.8 % |
Economic value added (EVA) | -1 382.25 | 844.91 | 802.99 | 31.40 | 102.60 |
Solvency | |||||
Equity ratio | 14.0 % | 15.2 % | 14.0 % | 15.1 % | 98.9 % |
Gearing | |||||
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 10.8 | 1.2 | 1.2 | 1.2 | 87.4 |
Current ratio | 10.9 | 1.2 | 1.2 | 1.2 | 87.4 |
Cash and cash equivalents | 9 112.68 | 10 634.53 | 3 432.17 | 4 638.91 | 3 021.73 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BB | BB | BB | BB | BB |
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