Forward Energy ApS — Credit Rating and Financial Key Figures

Forward Energy ApS (CVR number: 40139257) is a company from VARDE. The company recorded a gross profit of 1958.9 kDKK in 2024. The operating profit was 733.5 kDKK, while net earnings were 171.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 108.4 %, which can be considered excellent and Return on Equity (ROE) was 46.3 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 66.6 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. Forward Energy ApS's liquidity measured by quick ratio was 3 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.