FJERNVARME HORSENS A/S — Credit Rating and Financial Key Figures

CVR number: 35520104
Endelavevej 7, 8700 Horsens

Credit rating

Company information

Official name
FJERNVARME HORSENS A/S
Personnel
58 persons
Established
2013
Company form
Limited company
Industry
  • Expand more icon35Electricity, gas, steam and air conditioning supply

About FJERNVARME HORSENS A/S

FJERNVARME HORSENS A/S (CVR number: 35520104) is a company from HORSENS. The company reported a net sales of 418.5 mDKK in 2023, demonstrating a decline of -0.2 % compared to the previous year. The operating profit percentage was at 9.1 % (EBIT: 38.3 mDKK), while net earnings were 0 kDKK. The profitability of the company measured by Return on Assets (ROA) was 2 %, which can be considered weak and Return on Equity (ROE) was 0 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 0 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. FJERNVARME HORSENS A/S's liquidity measured by quick ratio was 0.1 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.

Financial information

See financials

Net sales (mDKK)

EBIT (mDKK)

Profitability

Solidity

Key figures (mDKK)

See financials
20192020202120222023
Volume
Net sales270.85290.83330.97419.10418.45
Gross profit91.95130.7494.70121.88131.76
EBIT91.95130.7494.7031.2438.27
Net earnings
Shareholders equity total0.500.500.500.500.50
Balance sheet total (assets)1 317.841 584.741 738.441 919.381 936.67
Net debt1 688.461 741.46
Profitability
EBIT-%33.9 %45.0 %28.6 %7.5 %9.1 %
ROA7.9 %9.0 %5.7 %1.7 %2.0 %
ROE
ROI7.9 %9.0 %5.7 %1.8 %2.3 %
Economic value added (EVA)91.95130.7294.6831.22-36.95
Solvency
Equity ratio100.0 %100.0 %100.0 %0.0 %0.0 %
Gearing339232.6 %353139.2 %
Relative net indebtedness %456.0 %456.9 %
Liquidity
Quick ratio0.10.1
Current ratio0.20.1
Cash and cash equivalents7.7024.23
Capital use efficiency
Trade debtors turnover (days)5.52.7
Net working capital %-56.4 %-75.9 %
Credit risk
Credit ratingBBBBBBBBBAA

Variable visualization

ROA:2.03%
Rating: 30/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:0.03%
Rating: 1/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Companies in the same industry

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