Frøseth Maskinpark AS
ASDissolvedOrg 925106607Venusvegen 21, 7652 VerdalRental and leasing of construction and civil engineering machinery and equipment· NACE 7732Est. 2020 · 6 years old0 employees
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Overview
Frøseth Maskinpark AS is a Norwegian AS based in Verdal, operating in the Rental and leasing of construction and civil engineering machinery and equipment sector. Incorporated in 2020, the company has 0 employees and reported revenue of NOK 573.0k in its latest annual filing.
Revenue 2021
573K NOK
+537% vs 2020
EBITDA margin
31.2 %
+2138% vs 2020
Net profit 2021
139K NOK
+2680% vs 2020
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
71.6 %
StrongAmong the 30% highest rated companies in the industry
20202021
Liquidity ratioCurrent assets ÷ Short-term debt
3.5×
StrongAmong the 30% highest rated companies in the industry
20202021
Return on assets (ROA)Net profit ÷ Total assets × 100
57.2 %
Very strongAmong the 10% highest rated companies in the industry
20202021
EBITDA — year on year
NOK thousandsKey figures
Annual report 2021| Revenue | 573K NOK | +537% |
| EBITDA | 179K NOK | +2138% |
| Net profit | 139K NOK | +2680% |
| Total assets | 243K NOK | +161% |
| Equity | 174K NOK | +397% |
| Employees | 0 | — |
Company information
Legal name
FRØSETH MASKINPARK AS
Org number
925106607
Legal form
Aksjeselskap
Founded
14 May 2020 · 6 years
Share capital
NOK 30,000
Employees
0 (FTE)
VAT registered
No
Audit selected
No
Last report
2021-12-31
Financial year
January – December
Signatory rights
Styrets medlemmer hver for seg. Styrets leder alene. Daglig leder alene.
Company purpose
Drive utleie av driftsmidler, entreprenørvirksomhet, og annet som hører naturlig hertil, herunder ved aksjeinnskudd eller på annen måte delta i andre foretak.
(no translation available)
Address
Venusvegen 21, 7652 Verdal
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Financial development
In its most recent annual report (2021), Frøseth Maskinpark AS reported revenue of NOK 573.0k, an increase of 537% on the year before. The figures on this page draw on 2 annual filings covering 2020 to 2021. The bottom line showed a net profit of NOK 139.0k, and the EBITDA margin stood at 31.2%.
At the end of 2021, equity financed 71.6% of the balance sheet, and current assets covered short-term debt 3.5 times.
Financials
Revenue
NOK thousandsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2021 | 2020 |
|---|---|---|
| Revenue | 573 | 90 |
| Staff expenses | -0 | -0 |
| EBITDA | 179 | 8 |
| Depreciation & amort. | -0 | -0 |
| EBIT | 179 | 8 |
| Net financials | -1 | -1 |
| Profit before tax | 178 | 7 |
| Tax | 39 | 2 |
| Net profit | 139 | 5 |
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Balance sheet
NOK thousands| Item | 2021 | 2020 |
|---|---|---|
| Total assets | 243 | 93 |
| Equity | 174 | 35 |
| Long-term debt | 0 | 0 |
| Short-term debt | 69 | 57 |
| Total debt | 69 | 57 |
Financial ratios
5-year trendEBITDA margin
31.2 %
20202021
Equity ratio
71.6 %
StrongAmong the 30% highest rated companies in the industry
20202021
Return on equity
79.9 %
Very strongAmong the 20% highest rated companies in the industry
20202021
Net profit margin
24.3 %
Very strongAmong the 20% highest rated companies in the industry
20202021
Asset turnover
2.36×
StrongAmong the 30% highest rated companies in the industry
20202021
Debt / equity
0.40×
StrongAmong the 30% highest rated companies in the industry
20202021
Sector performance
27 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginStrong
Among the 40% highest rated companies in the industry
The gross result as a share of revenue — how much of the revenue is left after variable costs to cover the company's fixed costs.
Operating marginVery strong
Among the 20% highest rated companies in the industry
EBIT as a share of revenue — the share of revenue remaining as earnings once all operating costs are covered. A key measure of earning power.
Net profit marginVery strong
Among the 20% highest rated companies in the industry
The profit for the year as a share of revenue — the company's ability to turn revenue into profit.
Return on equity (ROE)Very strong
Among the 20% highest rated companies in the industry
Net profit as a percentage of equity — the return the owners earned on their invested capital this year.
Return on assets (ROA)Very strong
Among the 10% highest rated companies in the industry
Net profit as a percentage of total assets — the return generated on the capital employed.
Return on net assets (RONA)Very strong
Among the 20% highest rated companies in the industry
Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.
Basic earning power (BEP)Very strong
Among the 10% highest rated companies in the industry
EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.
Capacity ratioVery strong
Among the 20% highest rated companies in the industry
Shows how strongly fixed costs weigh on the gross result — a high ratio means fixed costs take only a small bite out of the earnings from basic operations.
Liquidity
Current ratioStrong
Among the 30% highest rated companies in the industry
Current assets relative to short-term debt — the ability to settle short-term obligations with current assets alone. Around 150% is considered satisfactory from a credit perspective.
Quick ratioStrong
Among the 30% highest rated companies in the industry
Current assets excluding inventory relative to short-term debt — whether the most liquid assets alone can cover the short-term obligations. A value of 1 or above signals a healthy liquidity position.
Cash ratioVery strong
Among the 20% highest rated companies in the industry
Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.
Current assets to equityAverage
Around the average of companies in the same industry
Current assets relative to equity — an indicator of the balance-sheet structure and of the company's short- and long-term financing. The healthy level is highly industry-dependent.
Fixed assets to long-term capitalVery strong
Among the 10% highest rated companies in the industry
Fixed assets relative to long-term capital (equity plus long-term liabilities). Below 100% means the long-term capital finances more than just the fixed assets — a healthier liquidity position.
Cash conversion ratioStrong
Among the 40% highest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Debt & solvency
Solidity ratioStrong
Among the 30% highest rated companies in the industry
Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.
Debt ratioStrong
Among the 30% highest rated companies in the industry
Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.
Debt to equityStrong
Among the 30% highest rated companies in the industry
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityStrong
Among the 40% highest rated companies in the industry
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Income to debtVery strong
Among the 10% highest rated companies in the industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtVery strong
Among the 10% highest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageVery strong
Among the 20% highest rated companies in the industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtWeak
Among the 40% lowest rated companies in the industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginVery strong
Among the 10% highest rated companies in the industry
The return on assets minus the interest rate on debt. Positive means the company benefits from operating with debt; negative means the debt makes it worse off.
Efficiency & development
Asset turnoverStrong
Among the 30% highest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Equity to contributed capitalAverage
Around the average of companies in the same industry
Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.
One-year change in equityVery strong
Among the 10% highest rated companies in the industry
The size of this year's increase or decrease in the company's equity.
One-year change in debtWeak
Among the 40% lowest rated companies in the industry
The size of this year's increase or decrease in the company's debt.
Inventory turnoverNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Revenue relative to inventory — how many times a year the inventory is sold and replaced. A low value can indicate weak sales or excess inventory.
Annual reports & filings
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
AF Chief Executive Officer | Chief Executive Officer | 2020 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (2) | ||
SE Chairman | Chairman | 2020 |
AF Board of Directors | Board of Directors | 2020 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2020 |
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Company hierarchy
Frøseth Invest As
Frøseth Maskinpark AS Board network connections
Board members of Frøseth Maskinpark AS also hold positions in 45 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Svein Eggen | Chairman | 38 companiesMany roles |
| Arild Frøseth | Chief Executive Officer | 7 companiesMany roles |
Frequently asked questions
What is the Org number of Frøseth Maskinpark AS?
Frøseth Maskinpark AS is registered with Brønnøysundsregistrene under Org 925106607.
What is the revenue of Frøseth Maskinpark AS?
Frøseth Maskinpark AS reported revenue of NOK 573.0k in 2021.
Who is the CEO of Frøseth Maskinpark AS?
Arild Frøseth is the CEO of Frøseth Maskinpark AS.
Who is the chairman of Frøseth Maskinpark AS?
Svein Eggen chairs the board of Frøseth Maskinpark AS.
Where is Frøseth Maskinpark AS headquartered?
Frøseth Maskinpark AS's registered address is Venusvegen 21.