Frontier Energy II Beta K/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Frontier Energy II Beta K/S
Frontier Energy II Beta K/S (CVR number: 35445870K) is a company from KØBENHAVN. The company recorded a gross profit of -84 kUSD in 2023. The operating profit was 1152 kUSD, while net earnings were 1159 kUSD. The profitability of the company measured by Return on Assets (ROA) was 5.8 %, which can be considered decent and Return on Equity (ROE) was 5.8 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 99.7 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. Frontier Energy II Beta K/S's liquidity measured by quick ratio was 4.2 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 (kUSD)
EBIT (kUSD)
Profitability
Solidity
Key figures (kUSD)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | - 124.00 | - 116.00 | -96.00 | -69.00 | -84.00 |
EBIT | - 382.00 | - 384.00 | 1 672.00 | - 601.00 | 1 152.00 |
Net earnings | - 123.00 | 5.00 | 1 990.00 | - 589.00 | 1 159.00 |
Shareholders equity total | 9 468.00 | 10 657.00 | 15 887.00 | 18 584.00 | 21 421.00 |
Balance sheet total (assets) | 9 549.00 | 10 872.00 | 16 032.00 | 18 622.00 | 21 493.00 |
Net debt | - 248.00 | 198.00 | - 807.00 | - 200.00 | - 208.00 |
Profitability | |||||
EBIT-% | |||||
ROA | -1.1 % | 0.1 % | 14.9 % | -3.4 % | 5.8 % |
ROE | -1.4 % | 0.0 % | 15.0 % | -3.4 % | 5.8 % |
ROI | -1.1 % | 0.1 % | 14.9 % | -3.4 % | 5.8 % |
Economic value added (EVA) | - 779.38 | - 845.60 | 1 136.49 | -1 353.59 | 229.36 |
Solvency | |||||
Equity ratio | 99.2 % | 98.0 % | 99.1 % | 99.8 % | 99.7 % |
Gearing | 0.4 % | 1.9 % | 0.6 % | 0.1 % | 0.3 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 8.9 | 0.6 | 8.0 | 9.7 | 4.2 |
Current ratio | 8.9 | 0.6 | 8.0 | 9.7 | 4.2 |
Cash and cash equivalents | 282.00 | 910.00 | 223.00 | 276.00 | |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | BBB | A | A | A |
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