Formfaktor ApS — Credit Rating and Financial Key Figures

CVR number: 40824057
Rentemestervej 62, 2400 København NV
info@formfaktor.dk
tel: 88626680
www.formfaktor.dk

Credit rating

Company information

Official name
Formfaktor ApS
Personnel
6 persons
Established
2019
Company form
Private limited company
Industry

About Formfaktor ApS

Formfaktor ApS (CVR number: 40824057) is a company from KØBENHAVN. The company recorded a gross profit of 2248.2 kDKK in 2023. The operating profit was 125.1 kDKK, while net earnings were 94.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 2.5 %, which can be considered weak but Return on Equity (ROE) was 29.5 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 4.4 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. Formfaktor ApS's liquidity measured by quick ratio was 1 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
Volume
Net sales
Gross profit1 972.002 897.812 502.912 248.16
EBIT684.00947.11446.52125.06
Net earnings530.00734.34318.0994.31
Shareholders equity total570.00804.84422.93217.24
Balance sheet total (assets)2 428.003 068.365 564.864 989.77
Net debt-1 461.00- 934.62143.19854.66
Profitability
EBIT-%
ROA28.2 %34.5 %10.5 %2.5 %
ROE93.0 %106.8 %51.8 %29.5 %
ROI120.0 %75.5 %15.7 %3.5 %
Economic value added (EVA)531.55782.63408.44236.13
Solvency
Equity ratio38.2 %26.2 %7.6 %4.4 %
Gearing141.5 %800.2 %1634.4 %
Relative net indebtedness %
Liquidity
Quick ratio2.51.31.11.0
Current ratio1.21.31.11.0
Cash and cash equivalents1 461.002 073.333 241.052 695.84
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBB

Variable visualization

ROA:2.51%
Rating: 33/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:4.35%
Rating: 5/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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