Frimor Holding ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Frimor Holding ApS
Frimor Holding ApS (CVR number: 41020431) is a company from RINGKØBING-SKJERN. The company recorded a gross profit of -34.2 kDKK in 2023. The operating profit was -34.2 kDKK, while net earnings were 1511.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 31.8 %, which can be considered excellent and Return on Equity (ROE) was 36.2 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 74.7 %, 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. Frimor Holding ApS's liquidity measured by quick ratio was 4.8 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 | -13.04 | -16.63 | -24.91 | -26.36 | -34.15 |
EBIT | -13.04 | -16.63 | -24.91 | -26.36 | -34.15 |
Net earnings | -12.46 | 1 152.11 | 846.95 | 965.93 | 1 511.26 |
Shareholders equity total | 737.54 | 1 834.35 | 2 624.80 | 3 476.33 | 4 869.78 |
Balance sheet total (assets) | 891.13 | 3 054.98 | 3 579.08 | 4 135.31 | 6 516.07 |
Net debt | 10.14 | -1 109.20 | -1 722.96 | -2 671.48 | -4 229.86 |
Profitability | |||||
EBIT-% | |||||
ROA | -1.5 % | 60.8 % | 36.8 % | 25.7 % | 31.8 % |
ROE | -1.7 % | 89.6 % | 38.0 % | 31.7 % | 36.2 % |
ROI | -1.7 % | 70.8 % | 40.0 % | 26.7 % | 33.9 % |
Economic value added (EVA) | -12.37 | -12.34 | 22.23 | 14.48 | -5.77 |
Solvency | |||||
Equity ratio | 82.8 % | 60.0 % | 73.3 % | 84.1 % | 74.7 % |
Gearing | 1.4 % | 43.8 % | 32.3 % | 13.5 % | 24.4 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 0.9 | 1.9 | 3.3 | 7.2 | 4.8 |
Current ratio | 0.9 | 1.9 | 3.3 | 7.2 | 4.8 |
Cash and cash equivalents | 1 913.55 | 2 571.66 | 3 141.57 | 5 416.82 | |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | A | A | A | AA |
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