Credit rating
Company information
About Forma Danmark ApS
Forma Danmark ApS (CVR number: 25296230) is a company from ODENSE. The company recorded a gross profit of -111 kDKK in 2023. The operating profit was -111 kDKK, while net earnings were 537.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 4.4 %, which can be considered decent but Return on Equity (ROE) was 2.9 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 91.6 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. Forma Danmark ApS's liquidity measured by quick ratio was 5 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.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | -20.30 | - 106.00 | - 173.00 | -60.00 | - 111.03 |
EBIT | -20.30 | - 106.00 | - 173.00 | -60.00 | - 111.03 |
Net earnings | 744.72 | 315.00 | 10 150.00 | 1 147.00 | 537.16 |
Shareholders equity total | 6 974.08 | 7 179.00 | 17 216.00 | 18 248.00 | 18 667.52 |
Balance sheet total (assets) | 7 432.17 | 9 004.00 | 18 127.00 | 19 222.00 | 20 386.21 |
Net debt | -3 252.80 | -1 284.00 | -1 895.00 | -1 872.00 | -2 305.89 |
Profitability | |||||
EBIT-% | |||||
ROA | 11.2 % | 5.5 % | 75.5 % | 12.5 % | 4.4 % |
ROE | 11.2 % | 4.5 % | 83.2 % | 6.5 % | 2.9 % |
ROI | 11.2 % | 5.5 % | 75.8 % | 12.5 % | 4.5 % |
Economic value added (EVA) | 28.94 | -28.65 | - 144.20 | 270.88 | 358.70 |
Solvency | |||||
Equity ratio | 93.8 % | 79.7 % | 95.0 % | 94.9 % | 91.6 % |
Gearing | 6.3 % | 24.8 % | 4.9 % | 5.3 % | 9.1 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 11.3 | 3.8 | 7.9 | 7.0 | 5.0 |
Current ratio | 11.3 | 3.8 | 7.9 | 7.0 | 5.0 |
Cash and cash equivalents | 3 689.53 | 3 062.00 | 2 733.00 | 2 834.00 | 4 007.55 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | A | BBB | BBB | AA | A |
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