FRIHEDEN EJENDOMSSELSKAB APS — Credit Rating and Financial Key Figures
Credit rating
Company information
About FRIHEDEN EJENDOMSSELSKAB APS
FRIHEDEN EJENDOMSSELSKAB APS (CVR number: 32298346) is a company from RØDOVRE. The company recorded a gross profit of 16.1 mDKK in 2023. The operating profit was 21.2 mDKK, while net earnings were 8844 kDKK. The profitability of the company measured by Return on Assets (ROA) was 5.3 %, which can be considered decent and Return on Equity (ROE) was 6.3 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 35.9 %, 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. FRIHEDEN EJENDOMSSELSKAB APS's liquidity measured by quick ratio was 0.1 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 19 344.39 | 5 623.10 | 16 087.15 | 3 197.28 | 16 134.89 |
EBIT | 18 652.61 | 17 623.10 | 53 646.55 | 7 797.28 | 21 234.89 |
Net earnings | 6 605.41 | 8 748.55 | 36 553.31 | 20 626.24 | 8 843.95 |
Shareholders equity total | 70 821.88 | 79 570.44 | 116 123.75 | 136 749.99 | 145 593.94 |
Balance sheet total (assets) | 360 655.89 | 365 666.20 | 405 177.83 | 398 946.47 | 406 035.77 |
Net debt | 250 664.93 | 243 783.19 | 235 013.80 | 206 744.90 | 202 627.00 |
Profitability | |||||
EBIT-% | |||||
ROA | 5.3 % | 5.0 % | 14.1 % | 8.8 % | 5.3 % |
ROE | 9.6 % | 11.6 % | 37.4 % | 16.3 % | 6.3 % |
ROI | 5.5 % | 5.2 % | 14.6 % | 9.1 % | 5.5 % |
Economic value added (EVA) | -2 316.78 | -1 713.84 | 26 065.27 | -11 133.84 | 81.17 |
Solvency | |||||
Equity ratio | 19.7 % | 21.8 % | 28.7 % | 34.3 % | 35.9 % |
Gearing | 355.3 % | 310.0 % | 206.1 % | 151.7 % | 140.5 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 1.2 | 0.9 | 0.5 | 0.0 | 0.1 |
Current ratio | 1.2 | 0.8 | 0.5 | 0.0 | 0.1 |
Cash and cash equivalents | 993.93 | 2 917.03 | 4 285.69 | 646.47 | 1 983.43 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | AAA | AAA | AAA | AAA | AAA |
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