FREMTEK A/S — Credit Rating and Financial Key Figures

CVR number: 42065811
Toftevænget 19, 8700 Horsens

Credit rating

Company information

Official name
FREMTEK A/S
Established
1974
Company form
Limited company
Industry

About FREMTEK A/S

FREMTEK A/S (CVR number: 42065811) is a company from HORSENS. The company recorded a gross profit of -25.6 kDKK in 2019. The operating profit was -25.6 kDKK, while net earnings were -75.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was -0.2 %, which can be considered poor and Return on Equity (ROE) was -1.8 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 99.3 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. FREMTEK A/S's liquidity measured by quick ratio was 108.3 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
2016
2017
2018
2019
Volume
Net sales
Gross profit-26.00-30.00-51.00-25.56
EBIT-26.00-30.00-51.00-25.56
Net earnings11.00223.0074.00-75.62
Shareholders equity total4 269.004 385.004 350.004 161.34
Balance sheet total (assets)4 294.004 410.004 375.004 192.10
Net debt-2 396.00- 712.00-2 170.00-3 317.49
Profitability
EBIT-%
ROA0.5 %5.1 %1.7 %-0.2 %
ROE0.3 %5.2 %1.7 %-1.8 %
ROI0.5 %5.2 %1.7 %-0.2 %
Economic value added (EVA)-26.00- 124.12- 235.57- 135.11
Solvency
Equity ratio99.4 %99.4 %99.4 %99.3 %
Gearing
Relative net indebtedness %
Liquidity
Quick ratio96.128.787.5108.3
Current ratio96.128.787.5108.3
Cash and cash equivalents2 396.00712.002 170.003 317.49
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBB

Variable visualization

ROA:-0.22%
Rating: 20/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:99.3%
Rating: 89/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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