FORTYFOUR ApS
Credit rating
Company information
About FORTYFOUR ApS
FORTYFOUR ApS (CVR number: 33512244) is a company from GENTOFTE. The company recorded a gross profit of 279.9 kDKK in 2019. The operating profit was -2.2 kDKK, while net earnings were -14.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 0.8 %, which can be considered weak but Return on Equity (ROE) was -14.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 61.9 %, 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. FORTYFOUR ApS's liquidity measured by quick ratio was 2.6 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 financials2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|
Volume | ||||
Net sales | ||||
Gross profit | 772.52 | 317.56 | 31.29 | 279.87 |
EBIT | 119.44 | 42.60 | - 413.17 | -2.16 |
Net earnings | 93.70 | 31.28 | - 346.07 | -14.43 |
Shareholders equity total | 419.92 | 451.20 | 105.13 | 90.70 |
Balance sheet total (assets) | 714.75 | 576.10 | 236.17 | 146.59 |
Net debt | -88.73 | -3.75 | -63.22 | -44.40 |
Profitability | ||||
EBIT-% | ||||
ROA | 16.7 % | 6.6 % | -98.8 % | 0.8 % |
ROE | 22.3 % | 7.2 % | -124.4 % | -14.7 % |
ROI | 27.8 % | 9.6 % | -140.9 % | 1.4 % |
Economic value added (EVA) | 109.18 | 15.67 | - 378.42 | -4.03 |
Solvency | ||||
Equity ratio | 58.8 % | 78.3 % | 44.5 % | 61.9 % |
Gearing | 2.4 % | 1.5 % | 4.5 % | |
Relative net indebtedness % | ||||
Liquidity | ||||
Quick ratio | 2.1 | 3.8 | 1.8 | 2.6 |
Current ratio | 2.1 | 3.8 | 1.8 | 2.6 |
Cash and cash equivalents | 98.67 | 10.66 | 67.98 | 44.40 |
Capital use efficiency | ||||
Trade debtors turnover (days) | ||||
Net working capital % | ||||
Credit risk | ||||
Credit rating | BB | BB | B | B |
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