Energinet — Credit Rating and Financial Key Figures

Energinet (CVR number: 28980671) is a company from FREDERICIA. The company reported a net sales of 1494 mDKK in 2023, demonstrating a growth of 17.9 % compared to the previous year. The operating profit percentage was at 1.9 % (EBIT: 28 mDKK), while net earnings were 1138 mDKK. The profitability of the company measured by Return on Assets (ROA) was 3.9 %, which can be considered weak but Return on Equity (ROE) was 18.8 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 13 %, 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. Energinet'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.