FORSYNING HELSINGØR VAND A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About FORSYNING HELSINGØR VAND A/S
FORSYNING HELSINGØR VAND A/S (CVR number: 32654126) is a company from HELSINGØR. The company reported a net sales of 73.2 mDKK in 2024, demonstrating a growth of 67.2 % compared to the previous year. The operating profit percentage was at 39.9 % (EBIT: 29.2 mDKK), while net earnings were 21.8 mDKK. The profitability of the company measured by Return on Assets (ROA) was 3.5 %, which can be considered weak and Return on Equity (ROE) was 3.3 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 77.3 %, 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. FORSYNING HELSINGØR VAND A/S's liquidity measured by quick ratio was 2.8 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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 44.37 | 43.05 | 44.58 | 43.80 | 73.23 |
Gross profit | 44.37 | 30.00 | 30.16 | 26.65 | 49.87 |
EBIT | 6.61 | 4.12 | 1.48 | 6.36 | 29.20 |
Net earnings | 2.43 | 1.44 | -0.54 | 3.85 | 21.82 |
Shareholders equity total | 643.35 | 644.80 | 644.25 | 648.10 | 669.93 |
Balance sheet total (assets) | 842.56 | 831.91 | 843.58 | 866.88 | |
Net debt | 128.69 | 119.50 | 111.17 | 100.28 | |
Profitability | |||||
EBIT-% | 14.9 % | 9.6 % | 3.3 % | 14.5 % | 39.9 % |
ROA | 0.5 % | 0.2 % | 0.8 % | 3.5 % | |
ROE | 0.2 % | 0.1 % | -0.1 % | 0.6 % | 3.3 % |
ROI | 0.5 % | 0.2 % | 0.9 % | 3.6 % | |
Economic value added (EVA) | -25.60 | -29.13 | -40.38 | -35.89 | -18.12 |
Solvency | |||||
Equity ratio | 100.0 % | 76.5 % | 77.4 % | 76.8 % | 77.3 % |
Gearing | 24.1 % | 22.1 % | 21.3 % | 19.1 % | |
Relative net indebtedness % | 335.8 % | 310.7 % | 321.5 % | 185.2 % | |
Liquidity | |||||
Quick ratio | 2.5 | 2.7 | 1.9 | 2.8 | |
Current ratio | 2.5 | 2.7 | 2.1 | 2.8 | |
Cash and cash equivalents | 26.60 | 22.71 | 27.14 | 27.63 | |
Capital use efficiency | |||||
Trade debtors turnover (days) | 18.7 | 6.2 | |||
Net working capital % | 68.1 % | 60.3 % | 59.6 % | 68.9 % | |
Credit risk | |||||
Credit rating | B | AAA | AA | AAA | AAA |
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