Fårtoft Genetik A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Fårtoft Genetik A/S
Fårtoft Genetik A/S (CVR number: 41962879) is a company from MORSØ. The company recorded a gross profit of 20 mDKK in 2023. The operating profit was 13.3 mDKK, while net earnings were 10.4 mDKK. The profitability of the company measured by Return on Assets (ROA) was 54.1 %, which can be considered excellent and Return on Equity (ROE) was 103.4 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 63.6 %, 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. Fårtoft Genetik A/S's liquidity measured by quick ratio was 0.7 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2021 | 2022 | 2023 | |
---|---|---|---|
Volume | |||
Net sales | |||
Gross profit | 2 322.91 | 10 309.95 | 20 018.61 |
EBIT | -1 510.88 | 5 086.42 | 13 322.48 |
Net earnings | -1 644.23 | 3 825.01 | 10 443.52 |
Shareholders equity total | 1 355.77 | 5 180.77 | 15 024.29 |
Balance sheet total (assets) | 13 598.84 | 20 862.81 | 28 351.92 |
Net debt | 7 064.03 | 4 143.53 | -1 182.32 |
Profitability | |||
EBIT-% | |||
ROA | -11.1 % | 29.5 % | 54.1 % |
ROE | -121.3 % | 117.0 % | 103.4 % |
ROI | -17.9 % | 50.2 % | 86.6 % |
Economic value added (EVA) | -1 293.72 | 3 950.55 | 10 294.96 |
Solvency | |||
Equity ratio | 32.0 % | 39.2 % | 63.6 % |
Gearing | 521.0 % | 117.6 % | 20.0 % |
Relative net indebtedness % | |||
Liquidity | |||
Quick ratio | 0.3 | 0.4 | 0.7 |
Current ratio | 1.6 | 1.7 | 2.2 |
Cash and cash equivalents | 1 949.00 | 4 182.31 | |
Capital use efficiency | |||
Trade debtors turnover (days) | |||
Net working capital % | |||
Credit risk | |||
Credit rating | BB | A | A |
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