FORS A/S
Credit rating
Company information
About FORS A/S
FORS A/S (CVR number: 33032838) is a company from HOLBÆK. The company reported a net sales of 236.5 mDKK in 2023, demonstrating a growth of 16.3 % compared to the previous year. The operating profit percentage was poor at -0.5 % (EBIT: -1.2 mDKK), while net earnings were 59 kDKK. The profitability of the company measured by Return on Assets (ROA) was 4.6 %, which can be considered decent but Return on Equity (ROE) was 0.3 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 26.6 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. FORS A/S's liquidity measured by quick ratio was 0.7 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 155.55 | 180.37 | 191.72 | 203.37 | 236.46 |
Gross profit | 28.78 | 39.37 | 42.06 | 40.76 | 39.70 |
EBIT | 0.68 | 0.35 | 0.65 | 0.02 | -1.18 |
Net earnings | -0.16 | 0.20 | 0.07 | -0.14 | 0.06 |
Shareholders equity total | 18.04 | 18.50 | 18.58 | 18.43 | 18.49 |
Balance sheet total (assets) | 61.71 | 112.16 | 86.33 | 77.03 | 69.41 |
Net debt | -10.19 | 25.42 | 19.00 | 15.75 | -0.78 |
Profitability | |||||
EBIT-% | 0.4 % | 0.2 % | 0.3 % | 0.0 % | -0.5 % |
ROA | 0.9 % | 0.4 % | 0.7 % | 1.5 % | 4.6 % |
ROE | -0.9 % | 1.1 % | 0.4 % | -0.8 % | 0.3 % |
ROI | 1.7 % | 0.8 % | 1.1 % | 2.8 % | 10.6 % |
Economic value added (EVA) | 0.93 | 0.29 | 0.69 | -0.25 | -1.47 |
Solvency | |||||
Equity ratio | 29.2 % | 16.5 % | 21.5 % | 23.9 % | 26.6 % |
Gearing | 32.2 % | 247.2 % | 158.3 % | 118.4 % | 17.1 % |
Relative net indebtedness % | 17.0 % | 39.8 % | 29.2 % | 25.4 % | 19.4 % |
Liquidity | |||||
Quick ratio | 0.7 | 0.9 | 0.9 | 0.9 | 0.7 |
Current ratio | 0.8 | 1.0 | 1.0 | 0.9 | 0.8 |
Cash and cash equivalents | 16.00 | 20.32 | 10.40 | 6.07 | 3.94 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 1.0 | 2.6 | 2.0 | 1.2 | 0.7 |
Net working capital % | -4.4 % | -1.4 % | -1.0 % | -1.7 % | -3.0 % |
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BBB | BB |
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