F. GRUNNET HOLDING A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About F. GRUNNET HOLDING A/S
F. GRUNNET HOLDING A/S (CVR number: 35046070K) is a company from KØBENHAVN. The company reported a net sales of 1294.5 mDKK in 2023, demonstrating a decline of -15.2 % compared to the previous year. The operating profit percentage was at 2 % (EBIT: 25.9 mDKK), while net earnings were 104.1 mDKK. 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 40.5 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 86.5 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. F. GRUNNET HOLDING A/S's liquidity measured by quick ratio was 8.5 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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 1 000.00 | 1 071.00 | 1 348.00 | 1 525.97 | 1 294.49 |
Gross profit | 252.00 | 306.00 | 400.00 | 361.62 | 285.06 |
EBIT | 58.00 | 96.00 | 145.00 | 72.11 | 25.87 |
Net earnings | 113.00 | 126.00 | 218.00 | -7.51 | 104.10 |
Shareholders equity total | 801.00 | 923.00 | 1 123.00 | 1 107.61 | 1 200.43 |
Balance sheet total (assets) | 1 116.00 | 1 163.00 | 1 428.00 | 1 506.10 | 1 607.03 |
Net debt | - 437.93 | - 565.79 | |||
Profitability | |||||
EBIT-% | 5.8 % | 9.0 % | 10.8 % | 4.7 % | 2.0 % |
ROA | 5.8 % | 8.4 % | 11.2 % | 7.4 % | 9.1 % |
ROE | 23.9 % | 14.6 % | 21.3 % | -1.1 % | 40.5 % |
ROI | 6.1 % | 8.4 % | 11.2 % | 7.4 % | 9.1 % |
Economic value added (EVA) | 46.37 | 55.75 | 98.62 | -5.23 | -6.02 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 85.4 % | 86.5 % |
Gearing | 16.8 % | 15.5 % | |||
Relative net indebtedness % | -28.8 % | -43.8 % | |||
Liquidity | |||||
Quick ratio | 7.2 | 8.5 | |||
Current ratio | 9.1 | 9.9 | |||
Cash and cash equivalents | 623.63 | 752.30 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 39.0 | 43.4 | |||
Net working capital % | 25.3 % | 27.0 % | |||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | A | AA |
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