FarmDroid ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About FarmDroid ApS
FarmDroid ApS (CVR number: 39408589) is a company from VEJEN. The company recorded a gross profit of 20.6 mDKK in 2024. The operating profit was -8430.5 kDKK, while net earnings were -8833.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was -13.8 %, which can be considered poor and Return on Equity (ROE) was -29.1 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 74.4 %, 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. FarmDroid ApS's liquidity measured by quick ratio was 0.6 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | 7 726.07 | 19 937.57 | 29 801.32 | 32 071.55 | 20 616.70 | 
| EBIT | 1 624.41 | 5 307.15 | 7 792.77 | 1 746.68 | -8 430.45 | 
| Net earnings | 1 228.26 | 4 100.58 | 5 833.48 | -1 167.15 | -8 833.56 | 
| Shareholders equity total | 3 533.55 | 7 634.13 | 13 467.61 | 14 590.72 | 46 028.34 | 
| Balance sheet total (assets) | 18 755.80 | 28 084.22 | 58 798.67 | 60 256.86 | 61 915.49 | 
| Net debt | 3 325.87 | 4 488.83 | 24 527.41 | 34 338.81 | 4 627.09 | 
| Profitability | |||||
| EBIT-% | |||||
| ROA | 13.0 % | 22.7 % | 18.2 % | 2.9 % | -13.8 % | 
| ROE | 42.1 % | 73.4 % | 55.3 % | -8.3 % | -29.1 % | 
| ROI | 21.0 % | 45.3 % | 28.1 % | 3.6 % | -15.6 % | 
| Economic value added (EVA) | 1 495.36 | 4 197.71 | 6 011.60 | - 727.77 | -9 016.98 | 
| Solvency | |||||
| Equity ratio | 20.1 % | 29.8 % | 24.0 % | 24.8 % | 74.4 % | 
| Gearing | 102.8 % | 58.8 % | 182.1 % | 235.4 % | 10.1 % | 
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 0.4 | 0.4 | 0.1 | 0.2 | 0.6 | 
| Current ratio | 1.0 | 1.0 | 0.9 | 0.9 | 2.5 | 
| Cash and cash equivalents | 305.85 | 1.91 | 1.64 | ||
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BBB | BBB | A | BBB | BBB | 
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