FFIT ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About FFIT ApS
FFIT ApS (CVR number: 33951450) is a company from FREDENSBORG. The company reported a net sales of 0.2 mDKK in 2023, demonstrating a decline of -43.8 % compared to the previous year. The operating profit percentage was at 16.9 % (EBIT: 0 mDKK), while net earnings were 25.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 62.2 %, which can be considered excellent and Return on Equity (ROE) was 150.1 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 23.4 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. FFIT ApS's liquidity measured by quick ratio was 1.3 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 320.00 | 320.00 | 320.00 | 320.00 | 180.00 |
Gross profit | 320.00 | 320.00 | 320.00 | 320.00 | 30.39 |
EBIT | 30.39 | ||||
Net earnings | -3.35 | -3.41 | -3.53 | -30.95 | 25.93 |
Shareholders equity total | 28.44 | 25.02 | 21.49 | -9.46 | 16.47 |
Balance sheet total (assets) | 988.44 | 665.02 | 341.49 | 18.07 | 70.25 |
Net debt | -24.18 | -20.77 | -17.24 | -13.82 | -65.99 |
Profitability | |||||
EBIT-% | 16.9 % | ||||
ROA | 62.2 % | ||||
ROE | -11.1 % | -12.8 % | -15.2 % | -156.4 % | 150.1 % |
ROI | 369.0 % | ||||
Economic value added (EVA) | -0.21 | -0.21 | -0.21 | -0.21 | 31.56 |
Solvency | |||||
Equity ratio | 2.9 % | 3.8 % | 6.3 % | -34.3 % | 23.4 % |
Gearing | |||||
Relative net indebtedness % | 292.4 % | 193.5 % | 94.6 % | 4.3 % | -6.8 % |
Liquidity | |||||
Quick ratio | 0.0 | 0.0 | 0.1 | 1.3 | |
Current ratio | 0.0 | 0.0 | 0.1 | 1.3 | |
Cash and cash equivalents | 24.18 | 20.77 | 17.24 | 13.82 | 65.99 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | -291.1 % | -192.2 % | -93.3 % | 5.6 % | 9.2 % |
Credit risk | |||||
Credit rating | BB | BB | BB | B | BB |
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