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 1926.7 kDKK in 2023. The operating profit was 752.4 kDKK, while net earnings were 445.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 99.4 %, which can be considered excellent and Return on Equity (ROE) was 103.7 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 48.7 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. Forward Energy ApS's liquidity measured by quick ratio was 1.9 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.