DANSK FOLKEFERIE FONDEN — Credit Rating and Financial Key Figures
Credit rating
Company information
About DANSK FOLKEFERIE FONDEN
DANSK FOLKEFERIE FONDEN (CVR number: 33380143) is a company from HELSINGØR. The company reported a net sales of 3.8 mDKK in 2023, demonstrating a growth of 5.5 % compared to the previous year. The operating profit percentage was at 22.2 % (EBIT: 0.9 mDKK), while net earnings were 874.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 11.2 %, which can be considered good and Return on Equity (ROE) was 13.7 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 82.5 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. DANSK FOLKEFERIE FONDEN's liquidity measured by quick ratio was 30.8 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 | 3 887.02 | 2 031.88 | 3 404.73 | 3 634.52 | 3 835.53 |
Gross profit | 406.29 | -94.72 | 427.53 | 513.45 | 1 023.95 |
EBIT | 198.22 | - 307.58 | 207.96 | 308.63 | 850.40 |
Net earnings | 199.15 | - 314.09 | 195.00 | 281.71 | 874.64 |
Shareholders equity total | 5 784.79 | 5 470.70 | 5 665.71 | 5 947.41 | 6 822.07 |
Balance sheet total (assets) | 7 227.44 | 6 752.63 | 7 133.34 | 7 329.18 | 8 270.45 |
Net debt | -5 327.16 | -3 338.93 | -3 944.88 | -5 999.10 | -6 762.88 |
Profitability | |||||
EBIT-% | 5.1 % | -15.1 % | 6.1 % | 8.5 % | 22.2 % |
ROA | 2.9 % | -4.3 % | 3.0 % | 4.2 % | 11.2 % |
ROE | 3.5 % | -5.6 % | 3.5 % | 4.9 % | 13.7 % |
ROI | 3.0 % | -4.4 % | 3.1 % | 4.7 % | 13.7 % |
Economic value added (EVA) | 160.31 | - 330.58 | 100.84 | 222.16 | 853.00 |
Solvency | |||||
Equity ratio | 80.0 % | 81.0 % | 79.4 % | 81.1 % | 82.5 % |
Gearing | |||||
Relative net indebtedness % | -99.9 % | -101.2 % | -72.8 % | -127.0 % | -138.6 % |
Liquidity | |||||
Quick ratio | 24.1 | 67.6 | 22.9 | 36.0 | 30.8 |
Current ratio | 24.1 | 67.6 | 22.9 | 36.0 | 30.8 |
Cash and cash equivalents | 5 327.16 | 3 338.93 | 3 944.88 | 5 999.10 | 6 762.88 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 0.8 | 1.2 | |||
Net working capital % | 139.9 % | 262.0 % | 169.4 % | 172.8 % | 191.3 % |
Credit risk | |||||
Credit rating | A | BBB | A | A | A |
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