FAVRSKOV FORSYNING A/S
Credit rating
Company information
About FAVRSKOV FORSYNING A/S
FAVRSKOV FORSYNING A/S (CVR number: 32939384K) is a company from FAVRSKOV. The company reported a net sales of 151.1 mDKK in 2023, demonstrating a growth of 10.3 % compared to the previous year. The operating profit percentage was poor at -0.5 % (EBIT: -0.8 mDKK), while net earnings were -337 kDKK. The profitability of the company measured by Return on Assets (ROA) was 0.1 %, which can be considered weak but Return on Equity (ROE) was -0 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 91.6 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. FAVRSKOV FORSYNING A/S's liquidity measured by quick ratio was 1.4 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 132.29 | 146.52 | 131.89 | 136.95 | 151.06 |
Gross profit | 67.08 | 77.84 | 62.10 | 60.52 | 64.43 |
EBIT | 6.39 | 17.00 | 4.14 | -4.03 | -0.76 |
Net earnings | 5.42 | 15.47 | 0.12 | -5.87 | -0.34 |
Shareholders equity total | 1 664.95 | 1 680.42 | 1 680.54 | 1 674.67 | 1 674.34 |
Balance sheet total (assets) | 1 753.23 | 1 780.51 | 1 808.48 | 1 805.97 | 1 833.46 |
Net debt | -15.71 | 23.94 | |||
Profitability | |||||
EBIT-% | 4.8 % | 11.6 % | 3.1 % | -2.9 % | -0.5 % |
ROA | 0.4 % | 1.0 % | 0.2 % | -0.2 % | 0.1 % |
ROE | 0.3 % | 0.9 % | 0.0 % | -0.3 % | -0.0 % |
ROI | 0.4 % | 1.0 % | 0.2 % | -0.2 % | 0.1 % |
Economic value added (EVA) | -76.44 | -66.67 | -80.30 | -88.47 | -83.92 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 93.1 % | 91.6 % |
Gearing | 3.4 % | 4.9 % | |||
Relative net indebtedness % | 29.5 % | 54.9 % | |||
Liquidity | |||||
Quick ratio | 3.0 | 1.4 | |||
Current ratio | 2.5 | 1.3 | |||
Cash and cash equivalents | 72.48 | 58.57 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 12.8 | 20.5 | |||
Net working capital % | 31.5 % | 5.9 % | |||
Credit risk | |||||
Credit rating | BBB | BBB | BB | A | A |
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