Better Energy Cofoco Solpark ApS — Credit Rating and Financial Key Figures

CVR number: 37342289
Gammel Kongevej 60, 1850 Frederiksberg C

Company information

Official name
Better Energy Cofoco Solpark ApS
Established
2016
Company form
Private limited company
Industry

About Better Energy Cofoco Solpark ApS

Better Energy Cofoco Solpark ApS (CVR number: 37342289) is a company from FREDERIKSBERG. The company recorded a gross profit of 2611.6 kDKK in 2023. The operating profit was 1585.8 kDKK, while net earnings were 852.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 5.9 %, which can be considered decent but Return on Equity (ROE) was 13.7 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 19.3 %, 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. Better Energy Cofoco Solpark ApS's liquidity measured by quick ratio was 1.2 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit2 544.522 651.102 482.192 771.462 611.60
EBIT1 304.861 533.171 334.351 883.621 585.85
Net earnings585.70793.65646.891 088.65852.76
Shareholders equity total5 977.486 771.146 618.037 206.695 259.45
Balance sheet total (assets)32 427.1532 844.0631 748.6431 016.9727 309.84
Net debt21 555.3419 163.4417 846.0816 010.3914 476.29
Profitability
EBIT-%
ROA4.1 %4.9 %4.3 %6.3 %5.9 %
ROE9.7 %12.5 %9.7 %15.7 %13.7 %
ROI4.1 %4.9 %4.4 %6.3 %6.0 %
Economic value added (EVA)- 341.68-17.49- 135.46374.70314.21
Solvency
Equity ratio18.4 %20.6 %20.8 %23.2 %19.3 %
Gearing393.3 %323.9 %306.3 %258.3 %321.1 %
Relative net indebtedness %
Liquidity
Quick ratio2.12.62.32.31.2
Current ratio2.12.62.32.31.2
Cash and cash equivalents1 953.322 767.122 427.352 607.382 413.17
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAAAAAAAAA

Variable visualization

ROA:5.91%
Rating: 45/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:19.3%
Rating: 18/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer
Chief executive officer

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