Freetown Christiania ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Freetown Christiania ApS
Freetown Christiania ApS (CVR number: 42296775) is a company from KØBENHAVN. The company recorded a gross profit of -32.8 kDKK in 2023. The operating profit was -32.8 kDKK, while net earnings were -34.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was -34.3 %, which can be considered poor and Return on Equity (ROE) was -55.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 76.6 %, 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. Freetown Christiania ApS's liquidity measured by quick ratio was 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 financials2021 | 2022 | 2023 | |
|---|---|---|---|
| Volume | |||
| Net sales | |||
| Gross profit | 124.80 | -5.54 | -32.83 |
| EBIT | 87.22 | -5.54 | -32.83 |
| Net earnings | 86.16 | -5.92 | -34.88 |
| Shareholders equity total | 86.16 | 80.24 | 45.37 |
| Balance sheet total (assets) | 125.48 | 132.07 | 59.24 |
| Net debt | - 116.38 | -94.63 | -43.70 |
| Profitability | |||
| EBIT-% | |||
| ROA | 69.5 % | -4.3 % | -34.3 % |
| ROE | 100.0 % | -7.1 % | -55.5 % |
| ROI | 101.2 % | -6.7 % | -52.3 % |
| Economic value added (EVA) | 87.22 | -4.03 | -34.15 |
| Solvency | |||
| Equity ratio | 68.7 % | 60.8 % | 76.6 % |
| Gearing | |||
| Relative net indebtedness % | |||
| Liquidity | |||
| Quick ratio | 3.2 | 2.5 | 5.0 |
| Current ratio | 3.2 | 2.5 | 5.0 |
| Cash and cash equivalents | 116.38 | 94.63 | 43.70 |
| Capital use efficiency | |||
| Trade debtors turnover (days) | |||
| Net working capital % | |||
| Credit risk | |||
| Credit rating | BB | B | B |
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