FinanceTrust ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About FinanceTrust ApS
FinanceTrust ApS (CVR number: 38985663) is a company from GENTOFTE. The company recorded a gross profit of -6.9 kDKK in 2023. The operating profit was -6.9 kDKK, while net earnings were -5.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was -7.3 %, which can be considered poor and Return on Equity (ROE) was -7.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 79.4 %, 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. FinanceTrust ApS's liquidity measured by quick ratio was 4.9 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 financials2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | -2.85 | -1.22 | 20.87 | -7.90 | -6.94 |
| EBIT | -2.85 | -1.22 | 20.87 | -7.90 | -6.94 |
| Net earnings | -6.02 | -3.69 | 15.01 | -7.30 | -5.61 |
| Shareholders equity total | 73.98 | 70.29 | 85.30 | 78.00 | 72.39 |
| Balance sheet total (assets) | 240.53 | 243.27 | 106.88 | 98.06 | 91.12 |
| Net debt | - 119.32 | - 122.18 | - 102.64 | -95.89 | -90.17 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | -0.5 % | -0.5 % | 11.9 % | -7.7 % | -7.3 % |
| ROE | -2.1 % | -5.1 % | 19.3 % | -8.9 % | -7.5 % |
| ROI | -0.7 % | -0.6 % | 14.9 % | -9.3 % | -9.1 % |
| Economic value added (EVA) | -7.42 | 7.13 | 24.96 | -5.08 | -4.41 |
| Solvency | |||||
| Equity ratio | 30.8 % | 28.9 % | 79.8 % | 79.5 % | 79.4 % |
| Gearing | 163.5 % | 172.1 % | 5.0 % | 2.8 % | 0.8 % |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 1.4 | 1.4 | 5.0 | 4.9 | 4.9 |
| Current ratio | 1.4 | 1.4 | 5.0 | 4.9 | 4.9 |
| Cash and cash equivalents | 240.27 | 243.13 | 106.88 | 98.06 | 90.76 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | B | B | BB | B | B |
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