FM CHRISTENSEN ApS — Credit Rating and Financial Key Figures

CVR number: 47711118
Krudthusvej 10, 8700 Horsens

Credit rating

Company information

Official name
FM CHRISTENSEN ApS
Established
1973
Company form
Private limited company
Industry

About FM CHRISTENSEN ApS

FM CHRISTENSEN ApS (CVR number: 47711118) is a company from HORSENS. The company recorded a gross profit of 90.9 kDKK in 2023. The operating profit was 90.9 kDKK, while net earnings were 56.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3.6 %, which can be considered weak and Return on Equity (ROE) was 3.6 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 73.7 %, 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. FM CHRISTENSEN ApS's liquidity measured by quick ratio was 0 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.

Financial information

See financials

Net sales (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales117.28189.09234.74
Gross profit117.28189.09234.74231.2590.87
EBIT111.76170.39220.99233.1190.87
Net earnings-41.77170.39220.99233.1356.22
Shareholders equity total1 368.321 368.321 368.321 368.321 777.79
Balance sheet total (assets)2 702.092 702.092 702.092 702.092 413.43
Net debt1 014.931 035.93989.901 009.45517.42
Profitability
EBIT-%95.3 %90.1 %94.1 %
ROA4.1 %6.3 %8.2 %8.6 %3.6 %
ROE-3.1 %12.5 %16.2 %17.0 %3.6 %
ROI4.5 %7.1 %9.3 %9.8 %3.9 %
Economic value added (EVA)6.8482.68136.88152.62-9.64
Solvency
Equity ratio50.6 %50.6 %50.6 %50.6 %73.7 %
Gearing74.2 %75.7 %72.3 %73.8 %29.9 %
Relative net indebtedness %1128.7 %705.4 %568.2 %
Liquidity
Quick ratio0.0
Current ratio0.0
Cash and cash equivalents13.43
Capital use efficiency
Trade debtors turnover (days)
Net working capital %-807.2 %-543.8 %-468.5 %
Credit risk
Credit ratingAAAABBB

Variable visualization

ROA:3.55%
Rating: 38/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:73.7%
Rating: 55/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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