Better Energy Poland Development A/S — Credit Rating and Financial Key Figures

CVR number: 39157934
Gammel Kongevej 60, 1850 Frederiksberg C

Credit rating

Company information

Official name
Better Energy Poland Development A/S
Established
2017
Company form
Limited company
Industry

About Better Energy Poland Development A/S

Better Energy Poland Development A/S (CVR number: 39157934) is a company from FREDERIKSBERG. The company recorded a gross profit of -14.6 kDKK in 2023. The operating profit was -14.6 kDKK, while net earnings were 462.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 7.8 %, which can be considered decent but Return on Equity (ROE) was 2.4 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 5.3 %, 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 Poland Development A/S's liquidity measured by quick ratio was 1.1 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.

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 profit-1 741.84154.38414.163 473.65-14.59
EBIT-1 741.84154.38414.163 473.65-14.59
Net earnings-1 499.66- 202.43- 350.701 697.04462.48
Shareholders equity total-1 153.78-1 356.20-1 706.90-9.86452.61
Balance sheet total (assets)5 870.1913 953.8722 867.2937 961.518 498.07
Net debt5 806.1313 853.8621 520.6432 051.687 661.85
Profitability
EBIT-%
ROA-41.9 %1.4 %2.1 %11.2 %7.8 %
ROE-42.0 %-2.0 %-1.9 %5.6 %2.4 %
ROI-49.9 %1.5 %2.3 %13.1 %8.9 %
Economic value added (EVA)-1 361.69204.38518.062 600.138.89
Solvency
Equity ratio-16.4 %-8.9 %-7.7 %-0.0 %5.3 %
Gearing-503.3 %-1070.5 %-1261.9 %-325253.5 %1749.5 %
Relative net indebtedness %
Liquidity
Quick ratio0.10.10.31.21.1
Current ratio0.80.90.31.01.1
Cash and cash equivalents0.27664.1919.5524.82256.56
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBB

Variable visualization

ROA:7.75%
Rating: 51/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:5.33%
Rating: 6/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board

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