Free To Use ApS — Credit Rating and Financial Key Figures

CVR number: 40572481
Vestergade 49 B, 8000 Aarhus C
admin@freetouse.com
https://freetouse.com

Credit rating

Company information

Official name
Free To Use ApS
Personnel
1 person
Established
2019
Company form
Private limited company
Industry

About Free To Use ApS

Free To Use ApS (CVR number: 40572481) is a company from AARHUS. The company recorded a gross profit of 4143.5 kDKK in 2024. The operating profit was 3395 kDKK, while net earnings were 2681.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 115.9 %, which can be considered excellent and Return on Equity (ROE) was 119.6 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 78.8 %, 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. Free To Use ApS's liquidity measured by quick ratio was 113 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
2020
2021
2022
2023
2024
Volume
Net sales234.04
Gross profit164.21133.01270.043 361.474 143.51
EBIT164.21133.01270.042 801.993 395.05
Net earnings127.41101.98208.662 198.312 681.36
Shareholders equity total167.41149.39258.051 751.362 732.73
Balance sheet total (assets)203.34220.30343.252 464.893 470.10
Net debt- 203.05- 180.67- 246.88-2 427.75-3 428.41
Profitability
EBIT-%70.2 %
ROA80.8 %62.8 %95.8 %201.0 %115.9 %
ROE76.1 %64.4 %102.4 %218.8 %119.6 %
ROI98.1 %84.0 %117.8 %273.6 %153.3 %
Economic value added (EVA)128.08104.59212.042 187.212 656.75
Solvency
Equity ratio82.3 %67.8 %75.2 %71.1 %78.8 %
Gearing19.8 %0.1 %0.0 %
Relative net indebtedness %-71.4 %
Liquidity
Quick ratio5.73.14.049.1113.0
Current ratio5.73.14.049.1113.0
Cash and cash equivalents203.05180.67297.942 429.993 429.28
Capital use efficiency
Trade debtors turnover (days)
Net working capital %71.5 %
Credit risk
Credit ratingBBBBBBBBBBBB

Variable visualization

ROA:115.9%
Rating: 100/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:78.8%
Rating: 59/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

Companies in the same industry

Try the full version of our system for free
Bankruptcy risk visualization example

... and more!

No registration needed.