Fonden Event Safety — Credit Rating and Financial Key Figures
Credit rating
Company information
About Fonden Event Safety
Fonden Event Safety (CVR number: 38378686) is a company from SKANDERBORG. The company recorded a gross profit of 7254.7 kDKK in 2023. The operating profit was -152.9 kDKK, while net earnings were -197.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was -2.8 %, which can be considered poor and Return on Equity (ROE) was -7.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 49 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. Fonden Event Safety's liquidity measured by quick ratio was 2.3 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 | 5 571.91 | 5 314.77 | 7 313.40 | 7 876.65 | 7 254.73 |
EBIT | 363.30 | - 268.41 | 1 570.38 | 1 034.26 | - 152.92 |
Net earnings | 251.46 | - 278.38 | 1 497.95 | 957.14 | - 197.48 |
Shareholders equity total | 544.89 | 266.51 | 1 764.46 | 2 721.61 | 2 400.99 |
Balance sheet total (assets) | 3 413.74 | 3 778.83 | 6 032.89 | 6 087.96 | 4 901.68 |
Net debt | -1 151.29 | -1 557.82 | -2 327.64 | -4 460.38 | -3 698.48 |
Profitability | |||||
EBIT-% | |||||
ROA | 12.1 % | -7.5 % | 32.0 % | 17.1 % | -2.8 % |
ROE | 60.0 % | -68.6 % | 147.5 % | 42.7 % | -7.7 % |
ROI | 86.7 % | -66.2 % | 137.5 % | 41.4 % | -5.4 % |
Economic value added (EVA) | 428.58 | - 237.94 | 1 635.26 | 1 075.33 | -52.78 |
Solvency | |||||
Equity ratio | 16.0 % | 8.1 % | 29.2 % | 44.7 % | 49.0 % |
Gearing | 14.4 % | 9.3 % | 10.6 % | ||
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 1.6 | 1.9 | 1.9 | 2.2 | 2.3 |
Current ratio | 1.8 | 1.5 | 2.0 | 2.3 | 2.4 |
Cash and cash equivalents | 1 151.29 | 1 557.82 | 2 581.64 | 4 714.38 | 3 952.48 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | BB | BBB | A | BBB |
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