Frølund Service ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Frølund Service ApS
Frølund Service ApS (CVR number: 42256935) is a company from IKAST-BRANDE. The company reported a net sales of 0.5 mDKK in 2023, demonstrating a growth of 21.7 % compared to the previous year. The operating profit percentage was at 1.3 % (EBIT: 0 mDKK), while net earnings were 7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 9.1 %, which can be considered good but Return on Equity (ROE) was 39.6 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 22.4 %, 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. Frølund Service ApS's liquidity measured by quick ratio was 1.3 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2021 | 2022 | 2023 | |
---|---|---|---|
Volume | |||
Net sales | 172.48 | 435.84 | 530.32 |
Gross profit | 76.45 | 317.60 | 367.02 |
EBIT | 2.64 | -26.67 | 7.00 |
Net earnings | 1.68 | -27.59 | 6.99 |
Shareholders equity total | 67.26 | 14.15 | 21.14 |
Balance sheet total (assets) | 105.57 | 60.19 | 94.20 |
Net debt | -83.45 | -13.64 | -61.11 |
Profitability | |||
EBIT-% | 1.5 % | -6.1 % | 1.3 % |
ROA | 2.5 % | -32.2 % | 9.1 % |
ROE | 2.5 % | -67.8 % | 39.6 % |
ROI | 3.9 % | -65.5 % | 39.6 % |
Economic value added (EVA) | 2.64 | -24.57 | 7.06 |
Solvency | |||
Equity ratio | 63.7 % | 23.5 % | 22.4 % |
Gearing | |||
Relative net indebtedness % | -26.2 % | 7.4 % | 2.3 % |
Liquidity | |||
Quick ratio | 2.8 | 1.3 | 1.3 |
Current ratio | 2.8 | 1.3 | 1.3 |
Cash and cash equivalents | 83.45 | 13.64 | 61.11 |
Capital use efficiency | |||
Trade debtors turnover (days) | 46.0 | 36.1 | 8.3 |
Net working capital % | 39.0 % | 3.2 % | 4.0 % |
Credit risk | |||
Credit rating | BBB | BB | BB |
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