FORUM MINKFARM A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About FORUM MINKFARM A/S
FORUM MINKFARM A/S (CVR number: 87596419) is a company from VARDE. The company recorded a gross profit of -4.9 kDKK in 2024. The operating profit was -4.9 kDKK, while net earnings were -14.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was -1.2 %, which can be considered poor and Return on Equity (ROE) was -4.8 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 98.3 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. FORUM MINKFARM A/S's liquidity measured by quick ratio was 59.5 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 | -4.87 | ||||
EBIT | -3.03 | -2.88 | -1.88 | -3.56 | -4.87 |
Net earnings | 16.27 | 19.04 | 5.69 | 11.83 | -14.75 |
Shareholders equity total | 311.17 | 300.21 | 305.90 | 317.73 | 302.98 |
Balance sheet total (assets) | 315.81 | 304.85 | 310.54 | 322.37 | 308.16 |
Net debt | - 191.46 | - 186.85 | - 194.36 | - 210.13 | - 190.88 |
Profitability | |||||
EBIT-% | |||||
ROA | 6.7 % | 8.2 % | 2.4 % | 5.0 % | -1.2 % |
ROE | 5.4 % | 6.2 % | 1.9 % | 3.8 % | -4.8 % |
ROI | 7.2 % | 8.3 % | 2.4 % | 5.1 % | -1.3 % |
Economic value added (EVA) | -17.09 | -17.80 | -16.55 | -18.04 | -19.53 |
Solvency | |||||
Equity ratio | 98.5 % | 98.5 % | 98.5 % | 98.6 % | 98.3 % |
Gearing | |||||
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 68.0 | 65.7 | 66.9 | 69.5 | 59.5 |
Current ratio | 68.0 | 65.7 | 66.9 | 69.5 | 59.5 |
Cash and cash equivalents | 191.46 | 186.85 | 194.36 | 210.13 | 190.88 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BB | BB | BB | BB | BB |
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