FOLMERS EJENDOMSSELSKAB ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About FOLMERS EJENDOMSSELSKAB ApS
FOLMERS EJENDOMSSELSKAB ApS (CVR number: 26509785) is a company from VARDE. The company recorded a gross profit of -31.9 kDKK in 2021. The operating profit was 825.9 kDKK, while net earnings were 1014.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 49.2 %, which can be considered excellent and Return on Equity (ROE) was 62.5 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at -23.3 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. FOLMERS EJENDOMSSELSKAB ApS's liquidity measured by quick ratio was 0.8 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 financials2017 | 2018 | 2019 | 2020 | 2021 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 39.70 | 38.27 | 23.44 | 33.95 | -31.90 |
EBIT | -19.46 | 129.11 | -35.73 | -25.21 | 825.94 |
Net earnings | - 122.74 | 16.29 | -90.73 | - 100.76 | 1 014.66 |
Shareholders equity total | -1 088.84 | -1 072.55 | -1 163.27 | -1 264.03 | - 249.37 |
Balance sheet total (assets) | 2 454.20 | 2 552.45 | 2 472.97 | 2 430.16 | 818.66 |
Net debt | 2 393.48 | 2 251.48 | 2 395.61 | 2 404.81 | -18.23 |
Profitability | |||||
EBIT-% | |||||
ROA | -0.5 % | 3.6 % | -1.0 % | -0.5 % | 49.2 % |
ROE | -4.9 % | 0.7 % | -3.6 % | -4.1 % | 62.5 % |
ROI | -0.8 % | 5.4 % | -1.5 % | -0.8 % | 97.5 % |
Economic value added (EVA) | -81.78 | 72.44 | -73.72 | -75.20 | 855.10 |
Solvency | |||||
Equity ratio | -30.7 % | -29.6 % | -32.0 % | -34.2 % | -23.3 % |
Gearing | -219.9 % | -223.9 % | -206.5 % | -190.2 % | |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 0.1 | 0.2 | 0.2 | 0.1 | 0.8 |
Current ratio | 0.1 | 0.2 | 0.2 | 0.1 | 0.8 |
Cash and cash equivalents | 1.23 | 150.00 | 6.38 | 18.23 | |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BBB | BB |
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