FRINOVA A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About FRINOVA A/S
FRINOVA A/S (CVR number: 70144417) is a company from AABENRAA. The company recorded a gross profit of 4982.7 kDKK in 2024. The operating profit was 2615.5 kDKK, while net earnings were 14.6 mDKK. The profitability of the company measured by Return on Assets (ROA) was 10.8 %, which can be considered good and Return on Equity (ROE) was 9.8 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 79.8 %, 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. FRINOVA A/S's liquidity measured by quick ratio was 5.5 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 6 004.71 | 5 110.66 | 4 644.63 | 5 582.72 | 4 982.68 |
EBIT | 3 329.93 | 436.37 | 2 235.37 | 3 134.48 | 2 615.47 |
Net earnings | 5 070.22 | 10 838.47 | -13 601.47 | 15 300.21 | 14 578.96 |
Shareholders equity total | 137 031.90 | 145 870.36 | 130 268.89 | 142 569.10 | 155 148.06 |
Balance sheet total (assets) | 159 657.68 | 164 352.56 | 161 372.82 | 177 976.83 | 194 350.75 |
Net debt | - 102 428.42 | - 114 774.84 | - 118 790.70 | - 136 856.95 | - 153 191.59 |
Profitability | |||||
EBIT-% | |||||
ROA | 6.2 % | 8.8 % | 3.4 % | 10.2 % | 10.8 % |
ROE | 3.7 % | 7.7 % | -9.9 % | 11.2 % | 9.8 % |
ROI | 6.6 % | 9.2 % | 3.7 % | 11.7 % | 12.5 % |
Economic value added (EVA) | -4 824.37 | -7 250.67 | -5 765.42 | -4 122.77 | -5 735.62 |
Solvency | |||||
Equity ratio | 85.8 % | 88.8 % | 80.7 % | 80.1 % | 79.8 % |
Gearing | 9.7 % | 8.0 % | 8.3 % | 8.4 % | 6.4 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 12.2 | 18.4 | 6.2 | 5.8 | 5.5 |
Current ratio | 12.2 | 18.4 | 6.2 | 5.8 | 5.5 |
Cash and cash equivalents | 115 657.26 | 126 463.57 | 129 579.76 | 148 855.47 | 163 160.91 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | A | A | BBB | A | A |
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