Frontier Energy II Alpha K/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Frontier Energy II Alpha K/S
Frontier Energy II Alpha K/S (CVR number: 35445862K) is a company from KØBENHAVN. The company recorded a gross profit of -439 kUSD in 2023. The operating profit was 10 mUSD, while net earnings were 10.2 mUSD. The profitability of the company measured by Return on Assets (ROA) was 6.1 %, which can be considered decent and Return on Equity (ROE) was 6.1 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 99.9 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. Frontier Energy II Alpha K/S's liquidity measured by quick ratio was 18.7 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 | - 758.00 | - 630.00 | - 611.00 | - 307.00 | - 439.00 |
EBIT | -2 942.00 | -2 852.00 | 14 207.00 | -4 304.00 | 10 042.00 |
Net earnings | - 604.00 | 425.00 | 16 875.00 | -4 201.00 | 10 195.00 |
Shareholders equity total | 79 314.00 | 89 186.00 | 132 690.00 | 155 819.00 | 180 037.00 |
Balance sheet total (assets) | 79 732.00 | 90 423.00 | 132 978.00 | 156 114.00 | 180 173.00 |
Net debt | -1 446.00 | 1 073.00 | -5 481.00 | -1 447.00 | -1 884.00 |
Profitability | |||||
EBIT-% | |||||
ROA | -0.9 % | 0.5 % | 15.2 % | -2.9 % | 6.1 % |
ROE | -1.0 % | 0.5 % | 15.2 % | -2.9 % | 6.1 % |
ROI | -0.9 % | 0.5 % | 15.2 % | -2.9 % | 6.1 % |
Economic value added (EVA) | -4 589.50 | -6 760.04 | 9 725.40 | -10 685.90 | 2 294.71 |
Solvency | |||||
Equity ratio | 99.5 % | 98.6 % | 99.8 % | 99.8 % | 99.9 % |
Gearing | 0.1 % | 1.2 % | 0.2 % | 0.1 % | 0.1 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 13.7 | 0.2 | 28.8 | 10.9 | 18.7 |
Current ratio | 13.7 | 0.2 | 28.8 | 10.9 | 18.7 |
Cash and cash equivalents | 1 542.00 | 5 687.00 | 1 643.00 | 1 995.00 | |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | A | A | AA | A | AA |
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