FREE-LAND Finans ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About FREE-LAND Finans ApS
FREE-LAND Finans ApS (CVR number: 33145993) is a company from FURESØ. The company recorded a gross profit of -10.4 kDKK in 2023. The operating profit was -10.4 kDKK, while net earnings were 1146.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 17.5 %, which can be considered excellent and Return on Equity (ROE) was 16.2 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 97.7 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. FREE-LAND Finans ApS's liquidity measured by quick ratio was 34.9 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 | -39.88 | -10.15 | -17.53 | -9.65 | -10.41 |
EBIT | -39.88 | -10.15 | -17.53 | -9.65 | -10.41 |
Net earnings | 594.00 | 365.00 | 996.09 | 96.08 | 1 146.15 |
Shareholders equity total | 5 244.51 | 5 554.21 | 6 493.80 | 6 532.68 | 7 619.93 |
Balance sheet total (assets) | 5 279.72 | 5 639.59 | 7 114.36 | 6 722.27 | 7 800.35 |
Net debt | -3 312.37 | -4 033.11 | -4 523.70 | -4 597.27 | -5 950.40 |
Profitability | |||||
EBIT-% | |||||
ROA | 13.3 % | 7.0 % | 16.8 % | 9.0 % | 17.5 % |
ROE | 11.9 % | 6.8 % | 16.5 % | 1.5 % | 16.2 % |
ROI | 13.5 % | 7.1 % | 17.4 % | 9.2 % | 17.6 % |
Economic value added (EVA) | -50.30 | -0.54 | 34.00 | 107.08 | 54.10 |
Solvency | |||||
Equity ratio | 99.3 % | 98.5 % | 91.3 % | 97.2 % | 97.7 % |
Gearing | 4.8 % | 2.0 % | 1.3 % | ||
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 115.4 | 50.4 | 8.1 | 26.5 | 34.9 |
Current ratio | 115.4 | 50.4 | 8.1 | 26.5 | 34.9 |
Cash and cash equivalents | 3 312.37 | 4 033.11 | 4 834.41 | 4 725.51 | 6 050.56 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | A | AA | AA | AA | AAA |
Variable visualization
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