AAGE FRØLUND ApS. SKIVE — Credit Rating and Financial Key Figures

CVR number: 41996412
Nørregade 11, 7800 Skive
tel: 97524422

Company information

Official name
AAGE FRØLUND ApS. SKIVE
Personnel
4 persons
Established
1975
Company form
Private limited company
Industry

About AAGE FRØLUND ApS. SKIVE

AAGE FRØLUND ApS. SKIVE (CVR number: 41996412) is a company from SKIVE. The company recorded a gross profit of 388.1 kDKK in 2023. The operating profit was 221.3 kDKK, while net earnings were 255.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 2.1 %, which can be considered weak and Return on Equity (ROE) was 1.1 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 92 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. AAGE FRØLUND ApS. SKIVE's liquidity measured by quick ratio was 20.3 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
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit2 349.932 272.023 499.392 534.10388.05
EBIT-60.4156.381 269.14409.47221.33
Net earnings173.871 754.76294.691 047.89255.21
Shareholders equity total19 571.8421 326.6021 621.2822 669.1822 924.39
Balance sheet total (assets)23 070.6125 137.0224 420.1226 150.1924 907.10
Net debt-8 643.76-10 587.71-10 704.47-9 716.61-11 767.32
Profitability
EBIT-%
ROA1.5 %9.2 %6.1 %5.7 %2.1 %
ROE0.9 %8.6 %1.4 %4.7 %1.1 %
ROI1.6 %10.1 %6.6 %6.1 %2.3 %
Economic value added (EVA)- 843.73- 488.10457.52- 221.66- 460.04
Solvency
Equity ratio84.8 %84.8 %88.5 %86.7 %92.0 %
Gearing1.7 %1.2 %0.7 %1.6 %1.7 %
Relative net indebtedness %
Liquidity
Quick ratio5.65.88.86.720.3
Current ratio6.56.510.17.820.3
Cash and cash equivalents8 984.1510 849.3510 850.4110 086.8312 149.76
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAAAAAA

Variable visualization

ROA:2.15%
Rating: 31/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:92.0%
Rating: 72/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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