Formula Holding 2017 A/S — Credit Rating and Financial Key Figures

CVR number: 38326791
Lundtoftegårdsvej 10, 2800 Kongens Lyngby

Credit rating

Company information

Official name
Formula Holding 2017 A/S
Established
2017
Company form
Limited company
Industry

About Formula Holding 2017 A/S

Formula Holding 2017 A/S (CVR number: 38326791K) is a company from LYNGBY-TAARBÆK. The company reported a net sales of 2217.8 mDKK in 2023, demonstrating a growth of 2 % compared to the previous year. The operating profit percentage was at 0.7 % (EBIT: 14.5 mDKK), while net earnings were 22.4 mDKK. The profitability of the company measured by Return on Assets (ROA) was 4.8 %, which can be considered decent but Return on Equity (ROE) was 9.4 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 662.9 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. Formula Holding 2017 A/S's liquidity measured by quick ratio was -4 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
2019
2020
2021
2022
2023
Volume
Net sales771.15982.511 565.662 175.312 217.84
Gross profit771.15982.511 565.66174.90134.08
EBIT13.5338.9933.9258.1014.50
Net earnings15.8638.0043.6462.1722.41
Shareholders equity total138.59182.51245.80280.90280.26
Balance sheet total (assets)980.081 334.521 805.282 048.282 050.11
Net debt1 154.191 127.50
Profitability
EBIT-%1.8 %4.0 %2.2 %2.7 %0.7 %
ROA1.5 %3.4 %2.2 %6.4 %4.8 %
ROE12.8 %23.7 %20.4 %26.0 %9.4 %
ROI1.9 %3.4 %2.2 %5.1 %3.3 %
Economic value added (EVA)8.5032.0224.7530.18-0.95
Solvency
Equity ratio100.0 %100.0 %100.0 %304.4 %662.9 %
Gearing423.5 %409.5 %
Relative net indebtedness %9.1 %9.3 %
Liquidity
Quick ratio-4.5-4.0
Current ratio25.830.2
Cash and cash equivalents35.3620.25
Capital use efficiency
Trade debtors turnover (days)213.7222.7
Net working capital %85.1 %84.5 %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:4.84%
Rating: 42/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:662.9%
Rating: 100/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Board member
Chief executive officer

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