FONDEN ARENDAL — Credit Rating and Financial Key Figures
Credit rating
Company information
About FONDEN ARENDAL
FONDEN ARENDAL (CVR number: 53275028) is a company from FREDERIKSBERG. The company reported a net sales of 6 mDKK in 2023, demonstrating a growth of 2.7 % compared to the previous year. The operating profit percentage was poor at -166.5 % (EBIT: -10.1 mDKK), while net earnings were -8369.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was -7 %, which can be considered poor and Return on Equity (ROE) was -9.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 57.7 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. FONDEN ARENDAL'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 financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 5 467.15 | 5 592.18 | 5 745.76 | 5 881.64 | 6 037.80 |
Gross profit | 2 594.23 | 2 296.11 | 1 638.69 | -8 969.92 | -8 436.47 |
EBIT | 971.48 | 548.60 | 241.32 | -10 395.10 | -10 052.96 |
Net earnings | 351.78 | 251.84 | 15.42 | -8 565.57 | -8 369.25 |
Shareholders equity total | 141 701.12 | 100 093.37 | 103 979.74 | 108 453.49 | 64 081.92 |
Balance sheet total (assets) | 195 806.23 | 142 678.00 | 148 594.82 | 173 425.56 | 112 677.50 |
Net debt | 606.11 | - 349.90 | 63.15 | 6 910.77 | 15 728.77 |
Profitability | |||||
EBIT-% | 17.8 % | 9.8 % | 4.2 % | -176.7 % | -166.5 % |
ROA | 0.6 % | 0.3 % | 0.2 % | -6.4 % | -7.0 % |
ROE | 0.3 % | 0.2 % | 0.0 % | -8.1 % | -9.7 % |
ROI | 0.6 % | 0.3 % | 0.2 % | -6.6 % | -7.1 % |
Economic value added (EVA) | -5 892.21 | -6 719.96 | -4 798.51 | -13 332.99 | -13 618.52 |
Solvency | |||||
Equity ratio | 72.4 % | 70.2 % | 70.1 % | 64.5 % | 57.7 % |
Gearing | 5.0 % | 7.1 % | 6.8 % | 21.1 % | 35.2 % |
Relative net indebtedness % | 197.8 % | 181.2 % | 202.1 % | 291.0 % | 429.5 % |
Liquidity | |||||
Quick ratio | 2.9 | 3.2 | 2.7 | 7.2 | 2.6 |
Current ratio | 2.8 | 3.1 | 2.5 | 6.1 | 2.2 |
Cash and cash equivalents | 6 475.03 | 7 442.13 | 7 040.17 | 15 958.24 | 6 801.64 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 0.2 | 0.2 | 0.3 | 0.1 | |
Net working capital % | 98.7 % | 122.2 % | 108.7 % | 278.8 % | 62.8 % |
Credit risk | |||||
Credit rating | AAA | AA | AA | A | BBB |
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