FunctionTEX ApS — Credit Rating and Financial Key Figures

CVR number: 39146878
Industrivej 1, 7120 Vejle Øst
htk@functiontex.com
tel: 93959753

Credit rating

Company information

Official name
FunctionTEX ApS
Personnel
9 persons
Established
2017
Company form
Private limited company
Industry
  • Expand more icon46Wholesale trade, except of motor vehicles and motorcycles

About FunctionTEX ApS

FunctionTEX ApS (CVR number: 39146878) is a company from VEJLE. The company recorded a gross profit of 6611.3 kDKK in 2021. The operating profit was 787 kDKK, while net earnings were 676.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 14.7 %, which can be considered good but Return on Equity (ROE) was 33 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 33.5 %, 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. FunctionTEX ApS's liquidity measured by quick ratio was 1.6 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2018201920202021
Volume
Net sales
Gross profit303.001 268.004 028.976 611.27
EBIT98.00564.001 687.12786.98
Net earnings82.00436.001 256.70676.59
Shareholders equity total132.00568.001 824.552 276.09
Balance sheet total (assets)268.002 024.005 243.146 788.41
Net debt- 185.00- 992.00-3 152.06-3 058.85
Profitability
EBIT-%
ROA38.8 %49.2 %50.9 %14.7 %
ROE62.1 %124.6 %105.1 %33.0 %
ROI78.8 %160.9 %144.3 %38.2 %
Economic value added (EVA)76.94441.781 334.95684.48
Solvency
Equity ratio49.3 %28.1 %34.8 %33.5 %
Gearing
Relative net indebtedness %
Liquidity
Quick ratio1.60.81.61.6
Current ratio1.61.31.61.6
Cash and cash equivalents185.00992.003 152.063 058.85
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBAA

Variable visualization

ROA:14.7%
Rating: 66/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:33.5%
Rating: 29/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Companies in the same industry

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